BIR posts highest tax effort since 2000
As of September 2013, the National Government posted a Deficit-to-GDP ratio of 1.2%, way below the projected 2.0% for 2013. The budget deficit was P101.2 billion, P2.7 billion lower compared to the same period last year and well within the target of P144.5 billion for the first nine months of 2013.
PhP 15 Million Smuggled Used Clothing Seized by BOCRead More
All valid insured deposit claims will be paid
The Monetary Board (MB) placed the Quezon Traders Rural Bank of Candelaria, Inc. under the receivership of the Philippine Deposit Insurance Corporation (PDIC) by virtue of MB Resolution No. 1122 dated July 11, 2013. As Receiver, PDIC took over the bank on July 12, 2013.
The Bureau of Internal Revenue (BIR) is reminding all taxpayers who elected to pay their income taxes for 2012 in two (2) equal installments that the deadline for the payment of the second and last installment is on July 15, 2013 (Monday).Read More
Following the signing of agreements to facilitate the Second Round of Debt Treatment under the U.S. Tropical Forest Conservation Act of 1998 (TFCA 2), the Philippine and U.S. Governments are in the preparatory stages for the utilization of the Second Tropical Forest Conservation Fund (TFCF) to strengthen tropical forest conservation efforts nationwide.Read More