PH tax collections weak compared to peers

The Manila Times 18 h Philippines

TAX collections in the Philippines have remained weaker than in most other economies in the region as slower economic activity dampened consumption-based tax revenues, the Asean+3 Macroeconomic Research Office (AMRO) said. “Consumption-based taxes also increased in most economies, generally supported by resilient domestic demand and imports,” AMRO said in its latest Quarterly Fiscal Bu

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