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Property valuation reform pushed | BusinessWorld


Reporter
THE DEPARTMENT of Finance (DoF) is pressing Congress to pass the remaining two packages under its comprehensive tax reform program (CTRP), including improving real property valuation and assessment in the country, before President Rodrigo R. Duterte’s term ends.
In a statement, the DoF said it would push the passage of the remaining priority tax bills such as the proposed Real Property Valuation and Assessment Reform Act and Passive Income and Financial Intermediary Taxation Act.
If passed, the first measure will establish a “single valuation base for taxation through the adoption of the schedule of market values of LGUs, and use the updated values as benchmark for other purposes, such as right-of-way acquisition, lease, rental, etc.” ....

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Economic recovery 'not smooth'—DOF – Manila Bulletin


Published December 28, 2020, 5:30 AM
The Department of Finance (DOF) said the country’s economic recovery is “not smooth” due to continued restrictions that dampened consumer and investor sentiment.
In his latest economic bulletin, Finance Undersecretary and Chief Economist Gil S. Beltran explained that consumers and investors will be hesitant about spending as long as movement restrictions are in place.
Finance Undersecretary Gil S. Beltran
Citing recent data on merchandise trade and manufacturing purchasing managers’ index (PMI), Beltran noted that the country’s economic recovery is “not smooth” based on August, September and October indicators.
Total merchandise trade declined at a much slower pace in September at 8.2 percent from 17.9 percent in August. However, it failed to sustain this downward trend after it deepened again to 12.8 percent in October. ....

Gils Beltran , Carlosg Dominguez , Department Of Finance , Public Service , Finance Undersecretary , Chief Economist Gil , Finance Secretary Carlos , Passive Income , Financial Intermediary Taxation , Commonwealth Era Public Service Act , Retail Trade Liberalization Act , கில்ஸ் பெல்ட்ரான் , துறை ஆஃப் நிதி , பொது சேவை , தலைமை பொருளாதார நிபுணர் கில் , நிதி செயலாளர் கார்லோஸ் , செயலற்ற வருமானம் , நிதி இடைத்தரகர் வரிவிதிப்பு , காமன்வெல்த் சகாப்தம் பொது சேவை நாடகம் ,