(Eagle News) — President Rodrigo Duterte has vetoed several provisions of the Tax Reform for Acceleration and Inclusion Act. A copy of President Rodrigo Duterte’s veto message showed that he vetoed the reduction of the income tax rate of employees of regional headquarters, regional operating headquarters, offshore banking units and petroleum service contractors and subcontractors. He also vetoed the exemption from percentage tax of gross sales/receipts not exceeding P500,000 of self-employed professionals, the zero-rating of sales of […]