ssb-tax-english

The Duterte administration’s proposed Comprehensive Tax Reform Program (CTRP) is crucial to strengthening the Philippines’ weak infrastructure backbone that constrains economic inclusion and prevents the country from catching up with the region’s economic powerhouses, Finance Secretary Carlos Dominguez III said. In separate speeches before the Foundation for Economic Freedom (FEF) and the Up Close and Read More

ssb-tax-english

The Duterte administration needs to raise some P366 billion a year over the medium term, of which some P206.8 billion is expected to come from tax reform in the first full year of its implementation, for it to mount an unprecedented investment strategy that would finally put the Philippines on an “irreversible” path to high Read More

ssb-tax-english

Sweeping reforms at the Bureaus of Internal Revenue (BIR) and of Customs (BOC) are underway to improve taxpayer satisfaction, arrest official corruption and restore public trust in the government’s main revenue-generating agencies, according to the Department of Finance (DOF). Finance Secretary Carlos Dominguez III said both the BIR and BOC can carry out these reforms Read More

ssb-tax-english

The Philippines would be hard put in the years ahead to keep Gross Domestic Product (GDP) growth above 6 percent and maintain its status as one of Asia’s fastest-growing economies without a massive infrastructure buildup funded mainly via tax reform, the Department of Finance (DOF) said. Finance Secretary Carlos Dominguez III said funding the Duterte Read More

ssb-tax-english

The Department of Finance (DOF) completed in less than 90 days into the Duterte administration last year the first package of its proposed comprehensive tax reform program (CTRP) envisioned to be the “game-changing” tool to realize the government’s primary agenda of sustaining high growth and making its benefits felt by all sectors in all regions. Read More