DOF: Gov’t has enough funds to buy COVID-19 vaccines

Finance Secretary Carlos Dominguez III said Thursday the government has adequate funds to purchase vaccines for the coronavirus disease 2019 (COVID-19) for the 20 million poorest Filipinos once these become…

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BIR: 5% franchise tax on offshore POGOs in effect since 2017

he Bureau of Internal Revenue (BIR) has maintained that foreign-based Philippine Offshore Gaming Operators (POGOs) should pay the 5 percent franchise tax before they can resume their operations, as clearly…

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World Bank support to PHL for COVID response reaches US$1.2-B

The World Bank has disbursed as of April this year a total of US$1.2 billion in concessional financing to the Philippines to support the government’s efforts in containing the spread…

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