Tag: DOF
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Government raises P1B from Makati property sale
The government has raised P1 billion from the sale of state-owned condominium units and parking slots in Makati, giving a fresh boost to its privatization program as it looks to unlock more value from idle assets and generate additional non-tax revenues.
DOF says property tax reform gives LGUs flexibility on rates
The Department of Finance (DOF) sought to dispel concerns over the newly enacted Real Property Valuation and Assessment Reform Act (RPVARA), saying the measure does not automatically raise property taxes and instead gives local governments wide latitude to cushion any impact on taxpayers.
PH leads emerging markets in investor transparency, credibility rankings
The Philippines has emerged as the top-performing emerging market for investor relations and one of the global leaders in sovereign debt transparency, a distinction the Department of Finance (DOF) said strengthens the country's appeal to foreign investors and could help unlock more investments, jobs and economic growth.
DOF calms LGU fears over property tax reform
The Department of Finance (DOF) has assured local government units (LGUs) that the Real Property Valuation and Assessment Reform Act (RPVARA) will not automatically increase property taxes, seeking to dispel concerns that the landmark reform could burden taxpayers and undermine local fiscal autonomy.
Logistics reform targets costs, congestion, competitiveness
The government is seeking public feedback on a sweeping logistics reform that could reshape how goods move across the Philippines, tackling high shipping costs and chronic port congestion that have long weighed on businesses and supply chains.
