Landbank begins HARVEST for Mindanao

Finance Secretary Carlos Dominguez III announced that the Land Bank of the Philippines has begun implementing a Japan-funded $40 million (P1.76 billion) project that aims to jumpstart agribusiness investments and…

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IC backs insurance sector-friendly TRAIN

The Insurance Commission (IC) is supporting the proposed Tax Reform for Acceleration and Inclusion Act (TRAIN) as this would make the system more financially inclusive and provide insurers the opportunity…

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Mighty to proceed with initial payment on tax case settlement offer

Finance Secretary Carlos Dominguez III said the Department of Finance (DOF) will receive the initial payment of P3.5 billion representing a portion of Mighty Corporation’s tax liabilities, but stressed that…

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Dominguez cites biz community support for tax reform

Finance Secretary Carlos Dominguez III has cited the strong support of the American business community for the first package of the Comprehensive Tax Reform Program (CTRP), which, he said, was submitted by the Duterte administration to the Congress for its approval as a way to help the government maintain fiscal stability, fund its ambitious infrastructure program and expand the delivery of social services to the people.

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Duterte creates DOF fiscal strategy group

President Duterte has created a new, specialized group at the Department of Finance (DOF) that is tasked to provide strategic advice and research on fiscal policies in support of his…

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Automotive industry to benefit from TRAIN

Contrary to claims that the proposed Tax Reform for Acceleration and Inclusion Act (TRAIN) will hurt the local automotive industry, the Department of Transportation (DOTr) said the bill will even…

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DOF to set up Philippine Tax Academy

The Departments of Finance (DOF) and of Budget and Management (DBM) are now finalizing the establishment of a Philippine Tax Academy next year at the University of Makati (UMak) to…

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Medical specialist backs SSB tax

An obesity and lifestyle medicine specialist has expressed support for the proposed tax on sugar-sweetened beverages (SSBs), saying this will help reverse the incidence of high mortality and low labor…

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