The Revenue Office (RO) of the Department of Finance (DOF) has processed a total of 254 applications for tax and duty exemptions amounting to about P8.7 billion on COVID-19 vaccine…
Insurance claims related to COVID-19 reached P16.71 billion between 2020 and 2021, with life insurance policies accounting for more than half or around P9.05 billion of the payouts, according to…
Personal income tax (PIT) collections as a share of the Gross Domestic Product (GDP) is highest under the Duterte administration, which averaged 2.4 percent despite the lowering of rates for…
Finance Secretary Carlos Dominguez III underscored anew Thursday the urgency of addressing the worsening climate crisis by stressing that the “fate of future generations hangs in the balance” if nations…
In sync with the government’s strategy to safely reopen the economy and stimulate business revival in the country, the Fiscal Incentives Review Board (FIRB) has upheld FIRB Resolution No. 19-21,…
Guidelines in the Release, Disbursement, Monitoring, and Reporting of Coconut Levy Funds Authorized under Republic Act (RA) No. 11524, otherwise known as the Coconut Farmers and Industry Trust Fund Act
Finance Secretary Carlos Dominguez III has assured President Duterte that the impact of the current Russia-Ukraine crisis on the Philippines would only be temporary, and that a comprehensive set of…
The Bureau of Customs (BOC) has reported to the Department of Finance (DOF) that it seized P769.67 million-worth of goods from January 1 to February 11 of this year, from…
