Finance Department Spokesperson Paola Alvarez said the proposed tax reform program presented by Malacanang’s economic team to Congress last week aims to raise enough revenues to fund targeted subsidies for the poorest of the poor even as she stressed that the 20% discount on purchases or transactions along with exemptions from the value added tax (VAT) on food and medicines now enjoyed by seniors would remain intact.
Read MoreThe National Government’s deficit performance is improving but at a controlled pace, leaving ample fiscal room to support growth for the remainder of the year, according to the Bureau of the Treasury (BTr).
Read MoreHonorable Senator Hontiveros, Honorable Senator Binay, Honorable Senator Gatchalian, Honorable Senator Lacson, Honorable Senator Aquino, Honorable Senator Villar, my fellow workers in the government, good morning.
Read MoreThe Department of Finance (DOF) and the newly created Department of Information and Communications Technology (DICT) have started identifying the data to be gathered from various government agencies for the automated business and citizen registries that they plan to make operational before the end of the year, as part of the Duterte administration’s intensified efforts to cut red tape and improve the quality of frontline services to the public.
Read MoreThe Department of Finance (DOF) has set up a website where stakeholders can access information about, and suggest recommendations on, the proposed implementing rules and regulations (IRR) of a law that aims to modernize the Bureau of Customs (BOC) and institute reforms in the agency.
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