Philippines sweetens rules on REITs with lower public float, tax perks
Philippine real estate investment
trust (REIT) companies will be allowed to maintain control of
their firms and enjoy tax breaks under revised government rules
to attract fresh capital to sustain property market growth,
authorities said on Monday.
trust (REIT) companies will be allowed to maintain control of
their firms and enjoy tax breaks under revised government rules
to attract fresh capital to sustain property market growth,
authorities said on Monday.
Posted by Reuters
