Finance Secretary Carlos Dominguez led the ceremonial ringing of the bell on Friday (October 8) to mark the maiden issuance of the Retail Dollar Bonds and its subsequent trading through the Philippine Dealing & Exchange Corporation (PDEx) platform.
VISIT firb.gov.ph to learn more about the expanded functions of the Fiscal Incentives Review Board (FIRB), available incentives, and eligible enterprise activities.
Department of Finance (DOF) Secretary Carlos G. Dominguez of the Philippines and Yang Berhormat Dato Seri Setia Dr. Awang Haji Mohd Amin Liew bin Abdullah, the Minister at the Prime Minister’s Office and Minister of Finance and Economy II of Brunei Darussalam hold their copies of the double taxation agreement they signed on behalf of their respective governments this morning, July 16, 2021, in Brunei’s capital city of Bandar Seri Begawan. The Philippines-Brunei Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion With Respect To Taxes on Income aims to further ease trade in goods and services, and enhance investment flows and economic activity between the countries. The agreement is also expected to create more jobs for Filipinos both in the Philippines and in Brunei.
READ the Republic Act No. 11534 or the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act in its entirety, with the President's line-item veto message: https://taxreform.dof.gov.ph/bills/.
The Department of Finance(DOF) is the government's steward of sound fiscal policy. It formulates revenue policies that will ensure funding of critical government programs that promote welfare among our people and accelerate economic growth and stability.Learn More