10/01/2024
President Ferdinand “Bongbong” Marcos Jr. signed Republic Act No. 11976 or the “Ease of Paying Taxes Act” into law in a bid to boost the economy and protect taxpayer rights.
“The law will modernize and increase the efficiency and effectiveness of tax administration and strengthen taxpayer rights and allow the government to capture as many taxpayers as possible into the tax net by streamlining the system and minimizing the burden on taxpayers, increasing the country’s revenue collection in the long run,” the Presidential Communications Office said.
READ: https://www.gmanetwork.com/news/money/economy/893360/marcos-signs-ease-of-paying-taxes-act-into-law/story/