Take out the tax, Philippines told
01 / 03 / 2012
THE Philippines’ export earnings could rise by as much as US$1 billion if it removes taxes imposed on foreign airlines, IATA says.
Airlines have longed called for the 2.5 per cent Gross Philippine Billings Tax (GPBT) and the three per cent Common Carrier’s Tax (CCT) to be abolished. The GPBT and CCT are levied on all cargoes, revenues, passengers and excess baggage leaving the Philippines.
In protest cargo and passenger players have withdrawn services to and from the archipelago.