The mayor's team has discussed options with the City Council to cut the property tax to $150 million and hope to avoid a vote this week on the tax while negotiations are ongoing.
The Philippines has implemented significant tax reforms in recent years with the goals of modernizing the tax system, attracting investment, supporting small businesses, and boosting economic growth.
Among the CREATE MORE’s key provisions is the establishment of a simplified value-added tax (VAT) refund system to streamline and reduce delays in tax processes, which at present can take over five ...