The Foundation for Economic Freedom has given its full support to the proposed reforms in the property valuation system under the Duterte administration’s comprehensive tax reform program (CTRP) as these will help upgrade the financial self-sufficiency of local government units (LGUs).
Read MoreFinance Secretary Carlos Dominguez III said pending legislative proposals to reform the country’s outdated real property valuation system will bring in more investments, further invigorate the property market, and generate additional revenues for local government units (LGUs).
Read MoreTwo tax research groups have thrown their support behind the common proposal of the Department of Finance (DOF) and the Congress to impose a flat 6 percent rate for donor’s and estate taxes as part of the Comprehensive Tax Reform Program (CTRP) to make the current tax system simpler, fairer and more effective, especially for the poor and low-income Filipinos.
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