WATCH: CMEPA Targets Higher-Income Depositors, Meant To Simplify Structure For Bank Investments, Passive Income – Economist
#TheBigStory | RCBC chief economist Michael Ricafort said the Capital Market Efficiency Promotion Act (CMEPA) aims to simplify the tax structure on bank deposits and other forms of passive income and investments.
He added that the measure primarily targets higher-income depositors who benefit from preferential tax treatments.
