P4

The Department of Finance (DOF), in partnership with the Participatory Governance Cluster-Open Government Partnership (PGC-OGP) led by the Departments of Budget and Management (DBM) and Interior and Local Government (DILG), and the Philippine Chamber of Commerce and Industry (PCCI) will stage a series of dialogues across the country this first quarter of 2018 to inform Read More

P4

The Department of Finance (DOF) is now finetuning certain aspects of Package 2 Plus of the Duterte administration’s Comprehensive Tax Reform Program (CTRP) to make sure that the proposal it submits to the Congress is “solid, well-consulted and well-researched.” Finance Undersecretary Karl Kendrick Chua said some aspects of Package 2 Plus on the removal of Read More

P4

The Department of Finance ((DOF) has assured the public of the financial sustainability of the Duterte administration’s ambitious “Build, Build, Build” program that is designed to modernize the country’s infrastructure backbone by rolling out 75 flagship projects worth a combined total of $36 billion in investments. This is in keeping with the government’s goal to Read More

P4

While individual taxpayers will get income tax breaks for the first P250,000 of their taxable income, the country’s 10 million poorest households will each receive almost P10,000 spread over the next three years, starting 2018 in unconditional cash transfers (UCTs) to help them cope with the minimal impact of the tax reform law on inflation, Read More

P4

Finance Secretary Carlos Dominguez III said the infrastructure modernization plans of the Duterte administration are starting to click into place with the rollout of the initial list of big-ticket projects plus early progress on the multi-year tax reform package and negotiations on Official Development Assistance (ODA), both of which will mainly bankroll these ventures under Read More

P4

The Department of Finance (DOF) has formally submitted to the House of Representatives this week the second package of the Duterte administration’s Comprehensive Tax Reform Program (CTRP) that aims to reduce corporate income tax (CIT) rates and modernize fiscal incentives to investors. As committed earlier by Secretary Carlos Dominguez III last year, the DOF submitted Read More

P4

The Department of Finance (DOF) has underscored the need to institute reforms that would correct the “policy overload” in the country’s fiscal incentives system as a result of the proliferation of laws offering tax and duty exemption privileges to businesses in economic zones and in sectors listed in the government’s investment priorities list, which has Read More

P4

Starting this month’s pay day, over six million or 86 percent of compensation earners with taxable income of P685 per day or P20,833 per month and below will be exempted from paying the personal income tax (PIT) as provided under the Tax Reform for Acceleration and Inclusion Act (TRAIN) that was recently signed into law Read More

P4

Finance Secretary Carlos Dominguez III has asserted that​ the Tax Reform for Acceleration and Inclusion Act (TRAIN) would be the first time the government had pushed a tax reform package not in response to a financial crisis or an​ external conditions imposed by other institutions, but to ​instead ​strengthen its ​programs meant ​to ​attack​ poverty Read More

P4

Global multilateral institutions and credit rating agencies see an even better year for the Philippines in 2018 on the back of a continuously strong economy fueled by an unprecedented infrastructure modernization program and a game-changing tax reform law. According to Finance Secretary Carlos Dominguez III, the National Economic and Development Authority has so far approved Read More