The Department of Finance (DOF) is set to review estate tax declarations for the past five years to improve the tax collections.

According to Finance Secretary Cesar Purisima, the underdeclaration of taxes is one of the reasons why the Bureau of Internal Revenue (BIR) failed to reach May 2013 collection target.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details