The Philippines Department of Finance has announced a refined proposal for a bill simplifying passive income taxes, which was presented to the Senate Committee on Ways and Means on 12 February 2024. --- DOF presents the refined proposal on bill simplifying passive income taxes The Department of Finance (DOF) has presented its refined proposal on Package 4 of the Comprehensive Tax Reform Program (CTRP)—a measure recalibrated by Finance Secretary Ralph Recto during his first week in office—to the Senate Committee on Ways and Means on February 12, 2024. A priority measure of the Marcos, Jr. administration, Package 4 seeks to...