Former World Bank senior economist Karl Kendrick Chua was sworn into office yesterday (Sept. 28) as the new undersecretary for strategy and chief economist of the Department of Finance (DOF).…

The Philippine peso remains "very strong" in real terms and the current movement of the local currency will actually help improve the competitiveness of our exports and the value of…

The House committee on appropriations has endorsed for congressional approval the P21.3-billion budget of the Department of Finance (DOF) and its attached agencies for 2017, which, according to the panel,…

The Department of Finance (DOF) has submitted to the Congress the first package of tax reforms designed to lower personal income taxes rates while raising revenues to help fund the…

General government (GG) debt relative to the country’s whole economy further declined to 35.4 percent even as the nominal level of debt increased to almost P4.9 trillion in the year’s…

The slew of tax reforms that the Department of Finance (DOF) is submitting to the Congress for its approval is the linchpin of a broader reform package envisioned by the…

The government of Spain has expressed its full support to the Duterte administration’s 10-point socioeconomic agenda, particularly on the implementation of tax reforms and accelerating infrastructure spending as effective tools…

The World Bank has expressed its full support for the tax reform that the Department of Finance (DOF) is proposing in line with President Duterte’s 10-point socioeconomic agenda that is…

Revenue collections from professionals and self-employed individuals account for only 20 percent of the total personal income taxes collected by the government despite the high tax rates, while wage earners…

Finance Secretary Carlos Dominguez III said the current rates of interest income taxes favor the rich and discriminate against low-income depositors who have to cope with high tax rates. The…