TRAIN’s P181-B revenues to help raise P3.2-T in 2019

The government aims to raise P3.2 trillion in revenues in 2019, including about P181.4 billion from tax reform, which will help sustain its strong fiscal performance and aggressive spending plan…

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New technologies opening biz opportunities for MSMEs

The government is putting in place a slew of financial technology (fintech) tools that will enable micro, small and medium enterprises (MSMEs) to tap the e-commerce market and a wide…

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DOF welcomes PRRD’s certification of rice tariffication bill as urgent

Finance Secretary Carlos Dominguez III has voiced optimism that the Congress could pass soon enough the rice tarrification bill now that President Duterte has declared this proposal to liberalize rice…

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PTA links up with UPLB, eyes partnership with Cambridge

The Philippine Tax Academy (PTA) is exploring a possible partnership with the Centre of Development Studies of the UK-based University of Cambridge and has partnered with the University of the…

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JOINT PRESS RELEASE ON IMF ARTICLE IV MISSION

An International Monetary Fund (IMF) team described the Philippine economy as “performing well,” forecasting continued 6.7 percent real GDP growth and below-4 percent inflation in 2019 while citing the country’s…

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Dominguez underscores impact of SC decision increasing IRA share of LGUs

Finance Secretary Carlos Dominguez III has underscored the broad impact of a recent Supreme Court ruling which increased the coverage of the Internal Revenue Allotment (IRA)​ due local government units…

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Eminent Economists urge Congress to pass corporate tax reform bill

A group of eminent economists has called on the Congress to take “urgent action” in passing into law the Duterte administration’s proposed reforms in the corporate tax system to help…

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51 GOCCs remit P31-B to the Treasury as of mid-July

Fifty-one (51) of 77 government-owned and -controlled corporations (GOCCs) have remitted a total of P31.297 billion to the National Treasury as of the second week of July this year, according…

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