The Department of Finance (DOF) has withheld the grant of a P57-million refund and another P262 million in tax credits claimed by a Bulacan-based textile firm covered by a special investigation of the Commission on Audit (COA) on “irregular” tax credit certificates (TCCs) issued during the past administrations.
Read MoreThe reduction in the corporate income tax (CIT) rate complemented by an overhaul in the tax incentives system for companies will propel economic growth, create more jobs, and lower poverty incidence, according to a study commissioned by the Department of Labor and Employment (DOLE).
Read MoreDomestic enterprises should be prepared to vigorously innovate and identify emerging business opportunities as they transition to a digital-based New Economy to enable them and the country to recover quickly from the crisis spawned by the coronavirus pandemic, Finance Secretary Carlos Dominguez III said Friday.
Read MoreThe online filing and registration of new employees as members of the Social Security System (SSS) along with the submission of most forms and benefit claims have been made mandatory as of July 15, in compliance with the directive of Finance Secretary Carlos Dominguez III to this pension fund to shift to digital technology to further improve its services.
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