The Department of Finance (DOF) has formally submitted to the House of Representatives this week the second package of the Duterte administration’s Comprehensive Tax Reform Program (CTRP) that aims to…
Dividends remitted by government-owned and -controlled corporations (GOCCs) to the National Treasury in 2017 amounted to P30.45 billion, representing a 9.8 percent increase from the previous year’s collections of P27.73…
The Department of Budget and Management (DBM) is leading a subcommittee of Task Force Bangon Marawi, along with the Department of Finance (DOF) and National Economic and Development Authority (NEDA),…
Finance Secretary Carlos Dominguez III said the infrastructure modernization plans of the Duterte administration are starting to click into place with the rollout of the initial list of big-ticket projects…
While individual taxpayers will get income tax breaks for the first P250,000 of their taxable income, the country’s 10 million poorest households will each receive almost P10,000 spread over the…
Income tax holidays and other incentives with no time limits enjoyed mostly by large businesses is costing the government over P300 billion annually in foregone revenues, according to the Department…
The Philippines and the Asian Development Bank (ADB) signed Wednesday a loan agreement that aims to improve Mindanao’s links to international trade corridors and formalized the exchange of documents on…
The government is eyeing to start the $500-million Metro Manila Flood Control Management Project this January following the approval by the boards of the World Bank and the Asian Infrastructure…
The government collects income taxes from large corporations and other private firms representing only 3.7 percent of the country’s Gross Domestic Product (GDP), or a collection rate of a low…
Finance Secretary Carlos Dominguez III has asserted that the Tax Reform for Acceleration and Inclusion Act (TRAIN) would be the first time the government had pushed a tax reform package…
