Top officials of the Philippines and New Zealand have reaffirmed their cooperation in implementing two projects that will help improve the Duterte administration’s efforts to improve the ease of doing business here and increase revenue collections from Manila’s airline providers.
Read MoreThe president of the largest organization of hotel and resort owners nationwide has expressed his full support for the proposed Comprehensive Tax Reform Program (CTRP) as this would guarantee, he said, the implementation of the government’s infrastructure buildup that is crucial to sharpening the competitive edge of the tourism sector.
Read MoreThe order of the Department of Environment and Natural Resources (DENR) to either shut down or suspend the operations of 28 mine sites across the country will cost 17 affected cities and municipalities in 10 provinces over P821 million annually in foregone revenues, according to updated estimates submitted to the Department of Finance (DOF).
Read MoreThe 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) as these are highly “progressive tax measures” that would help support President Duterte’s 10-point socioeconomic agenda.
Read MoreFinance 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) approved by the Congress, given the inherit merits of this plan to make the current tax system simpler, fairer and more efficient, particularly for the poor plus low- and middle-income taxpayers.
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