MANILA (Xinhua): The Asian Development Bank (ADB) on Monday (June 29) said it has approved a US$26.5mil-loan to help local government units (LGUs) across the Philippines boost revenue by adopting new digital tools for local real property tax valuation and collection.
In a statement, the Manila-based bank said the Local Governance Reform Project will help LGUs improve real property tax collection by strengthening property valuation mechanisms, introducing new digital tools for transparent and accurate reporting, and updating tax maps and property valuation assessments.
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