Philippines expects new tax measures to be passed this year to yield 28.4b pesos in revenue in 2025, Finance Undersecretary Domini Velasquez says at forum.
- Bill imposing value-added tax on nonresident digital service providers expected to be signed into law in October, seen to raise 79.5b pesos in next four years
- Other revenue-generating measures likely to be enacted in 2024 include excise tax on single-use plastics and rationalization of mining fiscal regime
- Government also pushing privatization of state assets including shares in
Semirara as well as properties in capital, giving non-tax revenue a boost - Move to tap more funds from ...
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