The Fiscal Incentives Review Board (FIRB) approved the tax incentives application of TDK Philippines Corporation (TPC) for the manufacturing of microwave-assisted magnetic recording sliders (MAMR-Slider). The P2.5 billion project was…
Finance Secretary Benjamin Diokno is confident that revenue collections will surpass pre-pandemic levels this year, in light of higher economic activity that is supported by effective tax administration. According to…
The Development Budget Coordination Committee (DBCC) reviewed the government’s medium-term macroeconomic assumptions, fiscal program, and growth targets for FY 2023 to 2028 to take into account the latest domestic developments, global economic status, and the administration’s priorities and strategies.
Finance Secretary Benjamin Diokno challenged the Securities and Exchange Commission (SEC) to continue enhancing initiatives to protect the investing public. “I therefore challenge the Commission to ramp up its enforcement…
The House of Representatives approved on third and final reading a bill that seeks to clarify the imposition of value-added tax (VAT) on digital transactions on Monday, November 14, 2022.…
The 2nd Meeting of the Sub-Committee on Development Cooperation was held in Manila on November 23, 2022, as part of the annual bilateral dialogues foreseen under the European Union (EU)…
The Department of Finance (DOF) welcomed the assessment of the International Monetary Fund (IMF) that sustained reforms, disciplined macroeconomic policies, and sound fundamentals helped the Philippine economy to recover swiftly…
The House of Representatives of the Philippines approved on third reading a bill that seeks to impose excise tax on single-use plastic (SUP)s on Monday, November 14, 2022. Under the…
Finance Secretary Benjamin Diokno thanked and commended the United Nations Development Programme (UNDP) and the Government of Canada for the launch of a new project that would provide the Philippines…
The Senate of the Philippines approved House Bill No. 4488 or the 2023 General Appropriations Bill (GAB) on third and final reading on November 23, 2022. "I welcome the Senate's…
