DOF: Foreign nationals working here must pay taxes

The Department of Finance (DOF) and the Bureau of Internal Revenue (BIR) are working closely with other government agencies, including the justice and labor departments, to ensure that foreign nationals…

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TRAIN boosts Filipino consumers’ spending power, says Dominguez

Finance Secretary Carlos Dominguez III said the double-digit growth in sales and high profit margins of the premier retail and real estate companies in the Philippines best illustrate that the…

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Dominguez swears in new heads of DBP, LANDBANK, and PhilEXIM

Finance Secretary Carlos Dominguez III swore into office on Friday Cecilia Borromeo as President-CEO of the Land Bank of the Philippines (LANDBANK), Emmanuel Herbosa as President-CEO of the Development Bank…

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P5 Billion already released to protect rice farmers

MANILA— Budget Secretary Benjamin E. Diokno said on Tuesday that P5 billion has already been released under the 2018 national budget to protect farmers from possible adverse effects of the…

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2 DOF offices secure new ISO certification

Two offices of the Department of Finance (DOF) tasked to provide frontline services to the public have been recertified by the International Organization for Standardization (ISO) in meeting the criteria…

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Smoking prevalence to go down 17% with higher cigarette tax of P60

Simulations developed jointly by the Departments of Finance (DOF) and of Health (DOH) along with the World Health Organization (WHO) indicate that the proposal by Sen. Emmanuel Pacquiao to increase…

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Philippines, Japan are ‘demographic partners’–Dominguez

OSAKA—Finance Secretary Carlos Dominguez III has expressed confidence that as the Philippines’ economic emergence gains traction, its bilateral relations with Japan will “grow more comprehensively” over the years especially as…

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Rice tariffication to start March 3

The National Food Authority (NFA) Council approved Monday (Feb. 18) the proposal to implement a tariffied regime for rice imports starting March 3 to further slash rice prices and bring…

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BIR seeks Pagcor assistance on registration of offshore gaming firms

The Bureau of Internal Revenue (BIR) has asked the cooperation of the Philippine Amusement and Gaming Corp. (PAGCOR) on requiring foreign and Philippine-based offshore gaming operators (POGOs) to register with…

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Gov’t, foreign partners speed up work on P67.9-B Marawi rehab, reconstruction

Funding from both local and foreign sources have enabled the Duterte administration to fast track the extensive planning and preparations required for the P67.99-billion reconstruction and rehabilitation program for Marawi,…

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