Package 4

Under Package 4, the Department of Finance proposes the following:

(1) Lower the rate of transaction taxes on land (e.g., DST, transfer tax and registration fees).
(2) Centralize and rationalize valuation of properties.
(3) Increase valuation of properties closer to market prices.
(4) Review property valuations every three (3) years and adjust accordingly.

Disclaimer: Latest available information pending updates from Congress or the Department of Finance.

« Back to Philippine Comprehensive Tax Reform Plan home page