The Power Sector Assets and Liabilities Management Corp. (PSALM) will continue its vigorous collection efforts to go after Independent Power Producer Administrators (IPPAs) with delinquent accounts totaling a whopping P33.62…
Excise tax collections from so-called ‘sin’ products now redefined to include sweetened beverages (SBs) have raised a total of P269.1 billion in revenues in 2019, which is almost double the…
The Department of Finance (DOF) has thanked the Senate ways and means committee led by its chairperson Sen. Pia Cayetano for keeping the proposed menu of superior tax incentives performance-based,…
Finance Secretary Carlos Dominguez III said Tuesday the sustained robust tax collections and vigorous implementation of administrative reforms by the Bureau of Internal Revenue (BIR) will help the country achieve…
The Land Bank of the Philippines (LandBank) has exceeded its target of providing agricultural credit worth P231.25 billion in 2019, having actually extended P236.31 billion in loans to the farm…
The Duterte administration is urging the Congress to approve an improved system of tax incentives for enterprises that is performance-based, timebound, targeted and transparent, as drawn from the best corporate…
The Duterte administration remains fully committed to reduce poverty incidence to just 14 percent or lower by 2022, given the game-changing reforms it has been carrying out to make the…
Finance Secretary Carlos Dominguez III has said that higher state spending on infrastructure and social services, supported by a low inflation rate and an expansionary monetary policy, will allow the…
Tax payments collected by the Bureau of Internal Revenue (BIR) through electronic channels amounted to P1.2 billion in 2019, representing a 92 percent increase from the previous year’s P626.35 million.…
The Bureau of Local Government Finance (BLGF) has stepped up its professionalization programs for fiscal officers of the local government units (LGUs) in 2019 with the completion of 46 training…
