Dominguez orders BOC to donate seized foodstuff to Taal evacuees

Finance Secretary Carlos Dominguez III has ordered the Bureau of Customs (BOC) to donate all of its seized food items fit for human consumption to the swelling number of evacuees…

Comments Off on Dominguez orders BOC to donate seized foodstuff to Taal evacuees

DOF bares ‘onerous’ land deal between Chevron and NDC subsidiary

The Department of Finance (DOF) has uncovered a lease contract with onerous terms between Chevron Philippines (formerly Caltex Philippines) and a subsidiary of the National Development Co. (NDC) that allowed…

Comments Off on DOF bares ‘onerous’ land deal between Chevron and NDC subsidiary

New regulations clear hurdles for REIT takeoff

Real estate investment trust (REIT) companies are set for takeoff in the Philippines as the government finally releases regulations that include ownership and taxation requirements that will spur additional investment…

Comments Off on New regulations clear hurdles for REIT takeoff

Secretary Dominguez cites President Nakao’s bold ADB leadership

Finance Secretary Carlos Dominguez III has lauded outgoing President Takehiko Nakao for his leadership at the helm of the Asian Development Bank (ADB) that has enabled the institution to carry…

Comments Off on Secretary Dominguez cites President Nakao’s bold ADB leadership

Dominguez optimistic on passage of remaining CTRP packages this year

Finance Secretary Carlos Dominguez III has expressed confidence that the Congress could pass this year the remaining packages of the comprehensive tax reform program (CTRP), which he considers not only…

Comments Off on Dominguez optimistic on passage of remaining CTRP packages this year

CTRP packages gain headway in Congress, says DOF

Government made history in 2019 when on its watch, excise taxes on tobacco products were raised twice under one administration, and a new set of 'sin' taxes on electronic cigarettes…

Comments Off on CTRP packages gain headway in Congress, says DOF