The Philippines Department of Finance issued a release on 7 January 2022 concerning its hope that the remaining packages for the country's comprehensive tax reform plans can be approved in 2022. This includes Package 3, which focuses on real property valuation reform, and Package 4, which focuses on simplifying passive income and financial intermediary taxes. --- DOF hopeful on Congress OK of remaining tax reform packages The Department of Finance (DOF) remains optimistic that the Congress will pass in 2022 the remaining tax reform packages of the Duterte administration that aim to reform the property valuation system and simplify capital...