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Capital gains tax hike expected to make land more costly, deterring investment
Business World Philippines
|May 14, 2025
PROPOSALS to increase capital gains tax (CGT), donor's tax and estate tax could make land more expensive and weaken investor activity, the real estate industry said.
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“Attempts to impose further tax burdens on property transactions will lead to spiraling land prices, economic destabilization, and loss of employment opportunities,” Chamber of Real Estate and Builders' Associations, Inc. (CREBA) said in a statement.
Last month, the Department of Finance (DoF) retracted its proposed amendments to the Capital Markets Efficiency Promotion Act (CMEPA), citing a favorable revenue performance in the first quarter.
The DoF earlier sought to replace the CMEPA with the Government Revenues Optimization through Wealth Tax Harmonization bill.
The draft bill proposes a temporary hike in the rates for capital gains on real property, donor's tax, and estate tax to 10% between 2025 and 2030. Beginning 2031, the rates will be reduced to 6%.
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FLERE HISTORIER FRA Business World Philippines
Business World Philippines
Judicial Reform Initiative: celebrating a decade of resolve
This year marks the 10 anniversary of the Judicial Reform Initiative (JRI), a milestone that allows us to reflect on a decade of dedicated effort to strengthen one of the most vital pillars of our democracy: the rule of law.
2 mins
December 19, 2025
Business World Philippines
It ain't over 'til the fat lady sings
For years now, we have written — perhaps too often — about the extraordinary plunder of public money involving politicians, public works engineers and officials, and their collaborating private contractors.
6 mins
December 19, 2025
Business World Philippines
BPI plans to merge thrift units Banko, Legazpi Savings Bank
BANK of the Philippine Islands (BPI is set to merge its thrift bank subsidiaries BPI Direct BanKo, Inc., A Savings Bank (BanKo) and Legazpi Savings Bank, Inc. (LSB), it said on Thursday.
1 mins
December 19, 2025
Business World Philippines
Customs chief expects revenue collection to hit P939 billion this year
THE Bureau of Customs (BoC) said revenue collection may come in below target this year due to slower import activity amid the rice import ban and the corruption scandal.
3 mins
December 19, 2025
Business World Philippines
Warner Bros. Discovery board rejects rival bid from Paramount
Warner Bros. Discovery’s (WBD) board spurned Paramount Skydance’s (PSKY) $108.4-billion hostile takeover bid on Wednesday, calling the offer “illusory” as it accused the studio giant of misleading shareholders about its financing.
4 mins
December 19, 2025
Business World Philippines
Sun Life Grepa offers new insurance plan
SUN LIFE Grepa Financial, Inc. has launched a new life insurance product that allows customers to tap various investment funds.
1 min
December 19, 2025
Business World Philippines
Budget ratification and signing set for Dec. 29
PHILIPPINE LAWMAKERS on Thursday reconciled disagreeing provisions of the proposed P6.793-trillion national budget for 2026, ending Congress’ review of the spending plan marked by one of the most contentious proceedings in recent years amid a corruption scandal over flood control projects.
5 mins
December 19, 2025
Business World Philippines
Grade 5 PHL students trail Southeast Asian peers in reading, math
GRADE 5 students in the Philippines continue to fall behind most Southeast Asian neighbors in terms of proficiency in reading and mathematics, a learning assessment program by the United Nations Children's Fund (UNICEF) and the Southeast Asian Ministers of Education Organization (SEAMEO) showed.
4 mins
December 19, 2025
Business World Philippines
Wishes for the children
On Christmas week, we pray for love, grace, forgiveness, hope, protection and world peace.
2 mins
December 19, 2025
Business World Philippines
The US needs to welcome immigrants, not demonize them
EVEN for an administration that makes no secret of its antipathy toward immigrants, recent rhetoric from the White House has been alarming and inflammatory — and at odds with reality.
2 mins
December 19, 2025
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