PH needs simplified taxation system

The next administration must push for a simplified taxation system that will make compliance across all taxpayer classes much easier, said Marivic Espano, chairperson and chief executive officer at Punongbayan & Araullo (Grant Thornton), on Tuesday.

Speaking at the sidelines of The Manila Times 3rd Business Forum, Espano said the present system was “too convoluted” such that its interpretation was difficult for both domestic and foreign businesses.