1-CARE Party-list Rep. Carlos Roman Uybarreta has proposed a two-year income tax amnesty for all businesses and workers in Boracay and other towns in Aklan that were affected by the six-month closure of the tourist island.
“Considering the heavy blow and lingering effects of six months of closure of Boracay, I favor the grant of an income tax amnesty for all businesses and compensation income earners not just those located on Boracay Island, but also the whole towns of Malay, as well as the neighboring towns Altavas, Balete, Banga, Batan, Buruanga, Ibajay, Kalibo, Lezo, Libacao, Madalag, Makato, Malinao, Nabas, New Washington, Numancia and Tangalan,” said Uybarreta on Wednesday.
The mentioned towns are within the jurisdiction of Revenue District Office No. 71 – Kalibo, Aklan. The local economies of these towns are all in a slump because of the Boracay rehabilitation, according to the congressman.
“They badly need an income tax amnesty for the years 2018 and 2019. Two years would be reasonable time for them to recover their footing and be sustainable. From 2020 onwards, proper income tax declarations and payments shall be collected,” he said.
“With this tax amnesty, 2019 for them will be a reboot and 2020 will be the start of a new chapter for Boracay tourism,” added Uybarreta.