THE government could forgo about P8 billion annually if a proposal to abolish the travel tax goes through, Finance Secretary Frederick D. Go said.
Mr. Go said the Department of Finance will defer to Congress whether it passes legislation to scrap the travel tax, which has been described as holding back the growth of international travel.
“I believe the total travel tax revenue is P8 billion a year,” he told reporters on the sidelines of a Customs event on Feb. 18.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased
