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Tax reform to close infra gap, make PHL more competitive

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

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Improvements in BIR, BOC in place as part of tax reform measures

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

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YEARENDER: DOF crafts “game-changing” tax reform package in 2016

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