The implementation of the initial packages of President Duterte’s Comprehensive Tax Reform Program (CTRP) designed to significantly lower the personal income tax (PIT), provide amnesty to delinquent taxpayers, and impose…
The unparalleled infrastructure investments under the “Build, Build, Build” program, the enactment of the law that clears the way to the long-sought return of the coco levy funds to the…
Finance Secretary Carlos Dominguez III has directed the manager of the Coconut Farmers and Industry Trust Fund (CFITF) and the secretariat of the committee overseeing this fund to conduct a…
The Bureau of Customs (BOC) has collected a total of P7.35 billion in duties from rice imports from January 1 to May 13 of 2022, representing an increase of P1.15…
The average yield of palay farmers during the dry season has increased from 3.65 tons per hectare (t/ha) to 4.22 t/ha as a result of the implementation of the Rice…
The Department of Finance (DOF) is ready to present to the incoming administration a fiscal consolidation and resource mobilization plan that the Department says is “critical” to helping the government…
Upon the recommendation of the Board of Investments (BOI), the Fiscal Incentives Review Board (FIRB) has approved the tax incentives applications of four telecommunications companies (telcos), including Converge ICT Solutions,…
Only 31 or less than a third of the Philippines’ 108 government-owned and-controlled corporations (GOCCs) accounted for P9.37 trillion of the total assets of all GOCCs amounting to P10.3 trillion…
The Fiscal Incentives Review Board (FIRB) has put up its Fiscal Incentives Registration and Monitoring System (FIRMS) as one of the major accomplishments of the Corporate Recovery and Tax Incentives…
Collections by the Bureau of Internal Revenue (BIR) from its operations amounted to P485.4 billion in the first quarter, about P47.2 billion or 8.9-percent short of the goal set by…
