The government lost P178.56 billion in potential revenues in 2016 as a result of tax incentives given out to only 3,102 firms registered with various investment promotion agencies (IPAs), according…
The government aims to raise P3.2 trillion in revenues in 2019, including about P181.4 billion from tax reform, which will help sustain its strong fiscal performance and aggressive spending plan…
The government is putting in place a slew of financial technology (fintech) tools that will enable micro, small and medium enterprises (MSMEs) to tap the e-commerce market and a wide…
Finance Secretary Carlos Dominguez III has voiced optimism that the Congress could pass soon enough the rice tarrification bill now that President Duterte has declared this proposal to liberalize rice…
The Philippine Tax Academy (PTA) is exploring a possible partnership with the Centre of Development Studies of the UK-based University of Cambridge and has partnered with the University of the…
An International Monetary Fund (IMF) team described the Philippine economy as “performing well,” forecasting continued 6.7 percent real GDP growth and below-4 percent inflation in 2019 while citing the country’s…
The government gave away about P301 billion in revenues in 2015 alone as a result of tax incentives and other perks granted to only 2,844 firms, according to the Department…
Finance Secretary Carlos Dominguez III has underscored the broad impact of a recent Supreme Court ruling which increased the coverage of the Internal Revenue Allotment (IRA) due local government units…
A group of eminent economists has called on the Congress to take “urgent action” in passing into law the Duterte administration’s proposed reforms in the corporate tax system to help…
Fifty-one (51) of 77 government-owned and -controlled corporations (GOCCs) have remitted a total of P31.297 billion to the National Treasury as of the second week of July this year, according…
