Deficit-to-GDP ratio as of 3Q at 1.2%, way below 2.0% 2013 program

BIR posts highest tax effort since 2000 As of September 2013, the National Government posted a Deficit-to-GDP ratio of 1.2%, way below the projected 2.0% for 2013. The budget deficit…

Comments Off on Deficit-to-GDP ratio as of 3Q at 1.2%, way below 2.0% 2013 program

PhP 15 Million Smuggled Used Clothing Seized by BOC

PhP 15 Million Smuggled Used Clothing Seized by BOC Customs Commissioner Ruffy Biazon today (July 12, 2013) led the inspection of four (4) forty-footer container vans of used clothing (“ukay-ukay”)…

Comments Off on PhP 15 Million Smuggled Used Clothing Seized by BOC

BIR says no extension of July 15 second installment deadline

The Bureau of Internal Revenue (BIR) is reminding all taxpayers who elected to pay their income taxes for 2012 in two (2) equal installments that the deadline for the payment…

Comments Off on BIR says no extension of July 15 second installment deadline

NG Budget Deficit at P11.2 billion for October 2013

Year-to-date deficit within target at P112.5 B The National Government's budget deficit for the month of October stands at P11.2 billion, well within the P152.7 billion government program for the…

Comments Off on NG Budget Deficit at P11.2 billion for October 2013