Finance Secretary Carlos Dominguez III has formally asked the Department of Trade and Industry (DTI) to return to the Bureau of the Treasury (BTr) the interest earnings of the Philippine International Trading Corp. (PITC) to help augment the government’s COVID-19 response and disaster relief efforts.
Read MoreFinance Secretary Carlos Dominguez III has thanked the Senate for making history with its approval on Thursday of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act. Once signed into law, CREATE will finally put in place long-needed reforms in the country’s corporate tax and fiscal incentives system.
Read MoreFinance Secretary Carlos Dominguez III has directed the Bureau of Internal Revenue (BIR) and Bureau of Customs (BOC) to assist the Department of Agriculture (DA) in investigating the reported use of cooperatives by private traders as dummies for rice imports.
Read MoreFinance Secretary Carlos Dominguez III has said he “sees light at the end of the tunnel” concerning the congressional approval before the yearend of the long-overdue Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill, which forms part of the government’s stimulus package for the country’s recovery from the economic turmoil created by the lingering coronavirus pandemic.
Read MoreSince receiving regular allocations under the national budget in 2015, the People’s Survival Fund (PSF) has received 172 project proposals from 129 proponents (local government units and local community organizations) all over the country, amounting to a total of P14.57 Billion worth of climate adaptation initiatives, according to a report from the Bureau of the Treasury (BTr).
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