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.
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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…