MANILA, Philippines -- The Department of Finance (DOF) expects to collect P27.54 billion from the amnesty on delinquencies and estate tax scheduled in the second half of the year. At the general membership meeting of the Tax Management Association of the Philippines (TMAP) on Thursday, Finance Undersecretary Mark Dennis Y. C. Joven said DOF had estimated additional revenues from estate tax amnesty to reach P6.28 billion, while amnesty on delinquencies would generate a bigger P21.26 billion. Had President Rodrigo Duterte not vetoed the general tax amnesty provision of Republic Act (RA) No. 11213 or the Tax Amnesty Act of 2019, another P6.82 billion would have been collected from del...
Keep on reading: DOF: Amnesty on delinquencies, estate tax to generate P27.54B in 2019
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