In a release on the country's tax reform and infrastructure buildup program, the Philippine Department of Finance has announced proposals for certain tax amnesty programs, as well as a change in the treatment of value added tax (VAT). The proposed tax amnesty programs include an estate tax amnesty in which the government will collect only 6 percent tax on the net undeclared estate of those deceased before 1 January 2018; a general amnesty on all unpaid internal revenue taxes excluding those arising from importation and customs duties; an amnesty on tax delinquencies in which the taxpayer pays 50% of the...