The IFPB has approved a resolution on the taxable elements in the Bangsamoro region, such as capital gains tax, documentary stamp tax and estate tax as well as the sharing arrangement of revenues between the latter and the national government.
DAVAO CITY—The Intergovernmental Fiscal Policy Board has approved a resolution on the taxable elements in the Bangsamoro region, such as capital gains tax, documentary stamp tax and estate tax as well as the sharing arrangement of revenues between the latter and the national government.
The communication dispatch released by the Bangsamoro Information Office did not give details on the implementation of the taxable elements as well as the sharing arrangement. The BIO only issued a statement quoting Department of Finance Secretary Benjamin E. Diokno who expressed optimism about the success of the Bangsamoro government’s undertakings for the fiscal year.
Minister of Finance and Budget and Management Ubaida Pacasem expressed gratitude to the IFPB members and the National Government for the “steady support to the Bangsamoro Government.” According to Pacasem, also a lawyer, the economic growth they see in Barmm since the passage of the Bangsamoro Organic Law and the continuous economic achievements “have made us all hope for a better Bangsamoro in the near future.”
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