TAX REFORM. Lawmakers are on the move to amend the Philippines' real property valuation system. File photo by LeAnne Jazul/Rappler
If passed into law, HB No. 4664 would mandate the government to adopt a market-based Schedule of Market Values to be used as basis for local and national real property taxation. House committee on ways and means chairperson Joey Salceda said the proposed law is a"boon to the economy."
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