The Department of Finance (DOF) and the Department of Trade and Industry (DTI) unequivocally express their strong objections to the 2019 World Bank Doing Business (DB) report, which shows a…
The Philippines is expected to “win a larger share” of China’s overseas investments reaching an estimated $120 billion combined with the signing of an agreement that would clear the way…
The lifting of the quantitative restrictions (QR) on rice imports in favor of tariffs will bring several benefits to the economy, among them, slashing the retail price of the food…
The Philippines has maintained a “Largely Compliant” rating with internationally agreed standards on the Exchange of Information On Request (EOIR) following a peer review done by the Global Forum on…
DAVAO CITY—The Philippines and China discussed here Monday (Oct. 29) the details of several economic cooperation agreements that are expected to be signed during the visit of Chinese President Xi…
The Department of Finance (DOF) said that while the government recognizes the value of tax incentives in business, such multibillion-peso worth of annual perks must not be given indiscriminately at…
The Department of Finance (DOF) has proposed improvements to the Tax Incentives Management and Transparency Act (TIMTA) to enable the government to make public the list of corporations that receive…
The Department of Finance (DOF) remains optimistic that lawmakers will consider the long-term benefits of the Duterte administration’s comprehensive tax reform program (CTRP) by giving their stamp of approval to…
The Department of Finance (DOF) thanked Monday both houses of the Congress for the passage of the first package of the Duterte administration’s comprehensive tax reform program (CTRP) that has…
BALI, Indonesia—The Duterte administration is going ahead with its ambitious “Build, Build, Build” infrastructure program despite the global headwinds now facing the Philippine economy, according to Finance Secretary Carlos Dominguez…
