CTRP-Tax-Myths-v2_auto-excise-weaken-auto-industry-1

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 to the Department of Finance (DOF). Finance Undersecretary Karl Kendrick Chua said that based on data from the Bureaus of Internal Revenue (BIR) and of Read More

CTRP-Tax-Myths-v2_auto-excise-weaken-auto-industry-1

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 into the medium term, Finance Secretary Carlos Dominguez III told lawmakers on Tuesday. Dominguez said at the briefing by the interagency Development Budget Coordination Committee Read More