The Department of Trade and Industry (DTI) and the Department of Finance (DOF) push for greater support in the manufacture and importation of essential products during the Enhanced Community Quarantine (ECQ) by granting incentives through the Joint Memorandum Circular (JMC) No. 20-02, series of 2020 issued on 1 April 2020.
Read MoreThe Bureau of Internal Revenue (BIR) has padlocked earlier this year a warehouse illegally manufacturing tobacco products inside the Clark Special Economic Zone in Pampanga where 1.65 million packs of cigarettes supposedly intended for export to Malaysia were seized by its strike team.
Read MoreThe Department of Finance (DOF) has issued Revenue Regulations (RR) No. 8-2020 on the documentary stamp tax (DST) exemption of relief for loans payments falling due within the period of the enhanced community quarantine (ECQ) imposed by the national government to slow the spread of the coronavirus.
Read MoreThe Department of Finance (DOF) has issued guidelines on the tax and duty exemption of imports of medical equipment and supplies intended for healthcare frontliners to combat the coronavirus disease 2019 (COVID-19) pandemic.
Read MoreFinance Secretary Carlos Dominguez III has issued the revenue regulations extending the deadlines for filing of tax returns, submission of documents, and the payment of taxes, pursuant to Republic Act (RA) No. 11469, otherwise known as “Bayanihan to Heal as One Act.”
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