AIRLINES EXEMPT FROM NEW PHILIPPINES TAXATION BILL

The House ways and means committee has approved a bill recognizing the need to exempt international airlines from Philippine taxes under treaties and international agreements to which the Philippines is a signatory. Danilo Suarez of Quezon, a senior member of parliament, said the country’s P115 billion investment to upgrade its airports would be wasted “if we have airports without passengers and without airlines landing or taking off”. Hermilando Mandanas of Batangas said the new bill aims to empower the executive branch to execute the tax exemptions under tax treaties and agreements signed by the country related to international carriers. He