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Philippines May Decide on Public Float Rule, Taxes By Dec. 15

The Philippines’ Bureau of Internal Revenue may issue a decision on companies’ minimum public ownership and corresponding taxes by Dec. 15, Commissioner Kim Henares told reporters today in Manila.

The tax agency plans to implement the decision in January, Henares said.

To contact the reporter on this story: Max Estayo in Manila at mestayo@bloomberg.net

To contact the editor responsible for this story: Cecilia Yap at cyap19@bloomberg.net

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