Finance Secretary Carlos Dominguez III has commended former Social Security System (SSS) President and CEO Aurora Ignacio for her accomplishments since she took over the helm of the pension fund…
DAVAO CITY—The Department of Finance (DOF) has rejected proposals to suspend the excise tax on fuel as a way to reduce the impact on consumers of spiralling oil prices in…
The Fiscal Incentives Review Board (FIRB) approved the tax incentives for the operations of a proposed P1.5-billion Cebu City-based shipping vessel, specializing in roll on roll off (RoRo) passenger and…
The Fiscal Incentives Review Board (FIRB) is supporting the proposal on the Strategic Investment Priority Plan (SIPP) by the Board of Investments (BOI), an attached agency of the Department of…
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,…
