DoF: Revenue from privatized NAIA eases pressure to tax

THE REMITTANCE of the P30-billion upfront payment by the proponent of the Ninoy Aquino International Airport (NAIA) modernization project represents the start of a revenue stream that will relieve the pressure on the government to impose new taxes, Department of Finance (DoF) said. “We are hitting two birds with one stone on this project. This […]

DoF: Revenue from privatized NAIA eases pressure to tax
THE REMITTANCE of the P30-billion upfront payment by the proponent of the Ninoy Aquino International Airport (NAIA) modernization project represents the start of a revenue stream that will relieve the pressure on the government to impose new taxes, Department of Finance (DoF) said. “We are hitting two birds with one stone on this project. This […]