OrbitaxOrbitax

Philippines Department of Finance Confirms No New Taxes

|Approved Changes|Philippines
Philippines

The Philippines Department of Finance (DOF) has issued a release confirming that no new taxes will be introduced, refuting recent reports alleging that new taxes would be imposed. While the DOF does not explain which reports/new taxes it is referring to, the release reportedly follows a DOF request for the withdrawal of proposals to amend the bill for the Capital Markets Efficiency Promotion A…

Continue Reading