The Philippines has teamed up with other member-states of the Association of Southeast Asian Nations (ASEAN) to improve catastrophic reinsurance initiatives that will help communities across the region recover faster from the impact of natural disasters and other adverse effects of climate change, according to Finance Secretary Carlos Dominguez III.
Read MoreThe Department of Finance (DOF) is seeking a possible grant from the United States in establishing the Philippines’ first tax academy, which will serve as a training institution that will provide revenue officials and employees continuing professional education on improving tax collection competence and efficiency.
Read MoreThe government’s online trade facilitation platform that aims to minimize the costs of doing business and cut the processing time for import and export permits will initially cover rice and six other commonly traded goods that represent half of the Philippines’ total trade volume when it rolls out by December this year.
Read MoreThe Revenue Integrity Protection Service (RIPS), the anti-corruption unit of the Department of Finance (DOF), has been able to obtain orders imposing administrative sanctions against twenty (20) erring employees and officials of the Bureau of Local Government Finance (BLGF), Bureau of Internal Revenue (BIR), and Bureau of Customs (BOC).
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