Tax proposals seen to raise P300B in revenues in 5 yrs

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The story "Tax proposals seen to raise P300B in revenues in 5 yrs" was covered 18 hours ago by Business Mirror, a news publisher based in Philippines.

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Tax proposals seen to raise P300B in revenues in 5 yrs - Business Mirror

Quick Summary:

SEVERAL increases in wealth tax rates proposed by the Department of Finance (DOF) are seen to raise P300 billion in revenues over the next five years.

Capital gains tax is a tax applied to the profit earned from the sale of real property and stocks acquired in the Philippines.

Let’s equalize it to 20 percent with no exemptions,” Recto said.