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DAVAO CITY—Finance Secretary Carlos Dominguez III has said that spinning off the annual “Sulong Pilipinas” consultative conference into regional forums across the country underscores the importance given by the Duterte administration to the business sector in its pursuit of high and inclusive growth. Dominguez said the government doubled its efforts this year to connect with Read More

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CLARK FREEPORT—The Duterte administration has delivered on several key recommendations two years ago by the private sector to help the government supercharge the economy and fulfill its goal of inclusive growth, notably on improving the ease of doing business, implementing a national identification (ID) system and instituting tax reform, Finance Secretary Carlos Dominguez III said Read More

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‘Sulong Pilipinas,’ the annual consultative forum held by the Duterte administration with the private sector, will focus on tax reform and the ‘Build, Build, Build’ infrastructure program this year, with the last two legs to be held at the Clark Freeport Zone in Pampanga and in Davao City on Nov. 26 and 28, respectively. The Read More

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Small and medium enterprises (SMEs) from Visayas and Luzon have rallied behind the Duterte Administration’s proposed reforms in corporate taxation, which, they said, would enable them to expand their businesses, raise their employees’ salaries and hire more workers. Edward Du and Alexander Ang, regional governors of the Philippine Chamber of Commerce and Industry (PCCI) for Read More

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Rather than make an 11th-hour appeal to President Duterte to reconsider his own directive supporting corporate income tax (CIT) and fiscal incentives reform that will benefit more than 99 percent of businesses, the Philippine Economic Zone Authority (PEZA) should explain to Filipino taxpayers why it insists on subsidizing at their expense the multibillion-peso dividends and Read More

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Qualified enterprises can benefit from an improved set of investment incentives under the second package of the Duterte administration’s comprehensive tax reform program (CTRP) that may bring down their tax payments while creating jobs or meeting export targets, according to the Department of Finance (DOF). Finance Undersecretary Karl Kendrick Chua said that Package 2 offers Read More

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The Department of Labor and Employment (DOLE) supports the proposed reforms in corporate taxation and fiscal incentives under the second package of the Duterte administration’s comprehensive tax reform program (CTRP), as this will sharpen the competitiveness of small and medium-sized businesses and will create more jobs, especially in the countryside. DOLE Secretary Silvestre Bello III Read More

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Foreign investors that are qualified and performing well have no reason to be worried over a pending bill in the Congress that seeks to reform the country’s convoluted corporate income tax (CIT) system because they will continue to enjoy incentives and an even better set of perks under the Duterte administration’s plan to make these Read More