FINANCE Secretary Ralph G. Recto said the government is studying a new general tax amnesty (GTA) measure, with the possibility of an estate-tax extension.
“We are also studying the possibility of enacting a General Tax Amnesty and online gambling tax laws,” Mr. Recto said in his speech at the Economic Journalists Association of the Philippines Economic Forum on Monday.
The proposed tax amnesty will involve an amnesty charge set at a yet-to-be-determined percentage of the outstanding unpaid tax, in exchange for immunity from civil, criminal, and administrative penalties.
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