The Department of Finance (DOF) is now in the process of establishing an online-based payment gateway that will enable taxpayers and other state clients to remit fees and other charges electronically to government agencies in line with the Duterte administration’s efforts to cut red tape and further improve the ease of doing business.
Read MoreFinance Secretary Carlos Dominguez III has told Swiss investors now is the right time for them to set up shop in the Philippines when it has a President who has both the political will and capital to pursue bold reforms to sustain the growth momentum, improve the ease of doing business and transform the country into one of the world’s top investment destinations.
Read MoreThe country’s business leaders have expressed their full support for the Duterte administration’s proposed reforms in corporate taxation and the grant of investment incentives, which they described as “a bold move” to sharpen the Philippines’ competitiveness in the region.
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