Steeper taxes eyed on luxury cars, items

The Manila Times 21 h Philippines

THE Department of Finance (DOF) is looking to impose steeper taxes on luxury cars and other high-end goods to raise additional revenues. “The current tax system does not impose higher tax burden to luxury items and other non-essential goods, resulting in equity gap and untapped revenue potential,” DOF Fiscal and Policy Planning Director Johanna Hortinela said during a stakeholders brie

Aggregated from the leading newsrooms of the country. Every story links to its original source.