Ranking Chinese officials have pledged their full cooperation and support for the speedy implementation of the proposed projects presented by a high-level delegation from Manila for possible financing by Beijing under the Duterte presidency during the latter’s recent two-day mission to China.
Read MoreSome 10 million households belonging to the poorest 50 percent of the population will benefit from the proposed fuel excise tax hike under the tax reform bill filed by Rep. Dakila Carlo Cua, in the form of one-time unconditional cash grants totaling P36 billion, according to the Department of Finance (DOF).
Read MoreA robust domestic economy with a healthy foreign exchange (forex) buffer, a strong banking system and a young, educated work force are among the key factors that will sustain the Philippines’ high GDP growth of 6.5 to 7 percent in 2017, according to Finance Secretary Carlos Dominguez III.
Read MoreThe Duterte administration’s proposed Comprehensive Tax Reform Program (CTRP) is crucial to strengthening the Philippines’ weak infrastructure backbone that constrains economic inclusion and prevents the country from catching up with the region’s economic powerhouses, Finance Secretary Carlos Dominguez III said.
Read MoreSecretary Carlos Dominguez III of the Department of Finance (DOF) has signed a new set of revenue regulations providing relief to taxpayer-claimants whose value-added tax (VAT) credit or refund claims were deemed denied as a result of the retroactive effectivity in 2014 of an earlier rule requiring them to provide complete supporting documents upon the submission of their applications.
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