The Philippines has maintained a “Largely Compliant” rating with internationally agreed standards on the Exchange of Information On Request (EOIR) following a peer review done by the Global Forum on…
DAVAO CITY—The Philippines and China discussed here Monday (Oct. 29) the details of several economic cooperation agreements that are expected to be signed during the visit of Chinese President Xi…
The Department of Finance (DOF) said that while the government recognizes the value of tax incentives in business, such multibillion-peso worth of annual perks must not be given indiscriminately at…
The Department of Finance (DOF) has proposed improvements to the Tax Incentives Management and Transparency Act (TIMTA) to enable the government to make public the list of corporations that receive…
The Department of Finance (DOF) remains optimistic that lawmakers will consider the long-term benefits of the Duterte administration’s comprehensive tax reform program (CTRP) by giving their stamp of approval to…
The Department of Finance (DOF) thanked Monday both houses of the Congress for the passage of the first package of the Duterte administration’s comprehensive tax reform program (CTRP) that has…
BALI, Indonesia—The Duterte administration is going ahead with its ambitious “Build, Build, Build” infrastructure program despite the global headwinds now facing the Philippine economy, according to Finance Secretary Carlos Dominguez…
The Department of Finance (DOF) has determined that for 2015 alone, the government gave away P86.3 billion-worth of income tax incentives to firms that paid out a total of P141.8…
Around 1.4 million jobs are expected to be created between 2021 and 2029, when the corporate income tax (CIT) will have been cut by a third to 20 percent under…
BALI, Indonesia—The Philippines has called on the World Bank Group (WBG) and the International Monetary Fund (IMF) to spearhead discussions on the “dangerous convergence” of several adverse economic developments that…
