MANILA (Reuters) - The Philippines will impose a 12% value-added tax (VAT) on digital services offered by tech giants such as Amazon, Netflix, Disney, and Alphabet, in a move that will level the playing field with domestic brick and mortar players, the internal revenue agency said on Thursday.
URBAN redevelopment must focus on severely deteriorated properties, says a former Kuala Lumpur mayor.
“Redevelopment can be beneficial for leasehold properties that are nearing the end of their term, with some having only 30 to 50 years left.Nor Hisham says many older residences are in poor condition. Nor Hisham was commenting on a Sept 30 StarMetro report, “Not looking forward to urban redevelopment” which highlighted homeowners’ fears about being displaced by the proposed Urban Redevelopment Act .Nor Hisham, however, cautioned against including public open spaces, recreational areas, drainage reserves and government-owned land in these redevelopment projects.
Strata Leashehold Urban Renewal Rehda Kpkt Housing Nor Hisham
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