ADB backs DOF’s ‘progressive’ excise tax reforms

The Asian Development Bank (ADB) has expressed its support for the proposed reforms in the excise taxes of automobiles and petroleum products being pushed by the Department of Finance (DOF)…

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Dominguez optimistic on CTRP approval by Congress

Finance Secretary Carlos Dominguez III has expressed confidence that President Rodrigo Duterte might not even have to expend any political capital on getting the proposed Comprehensive Tax Reform Program (CTRP)…

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MICC review team sets organizational meeting

A multi-stakeholder team of the Mining Industry Coordinating Council (MICC) that was formed to review existing mining operations that were ordered shut down or suspended by the Department of Environment…

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PHL, Mexico to explore free trade, currency accords

Top oficials of the Philippines and Mexico have agreed to explore free trade and currency agreements to further strengthen bilateral ties and facilitate economic transactions between the two countries. Finance…

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MICC observing due process–DOF exec

The Mining Industry Coordinating Council (MICC) has affirmed in its most recent resolution the primacy of both “procedural and substantive” due process in the final resolution of the Department of…

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Auto tax reform won’t hurt car industry’s robust growth–Dominguez

Finance Secretary Carlos Dominguez III said the local automotive industry will continue its “healthy” growth rate even with the proposed adjustments in car excise taxes, given that the manageable price…

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DOF, BIR improve process for tax payments via credit cards

A new revenue regulation (RR) to be issued by the Department of Finance (DOF) and the Bureau of Internal Revenue (BIR) now makes banks, rather than the taxpayer, liable for…

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