The Philippines Department of Finance (DOF) has issued a release confirming that no new taxes will be introduced, refuting recent reports alleging that new taxes would be imposed. While the DOF does not explain which reports/new taxes it is referring to, the release reportedly follows a DOF request for the withdrawal of proposals to amend the bill for the Capital Markets Efficiency Promotion Act (CMEPA), including proposals to increase capital gains, donors, and estate taxes.
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DOF: No …