Over a century after its inception during the Philippine Revolution, the Department of Finance (DOF) is once more at the center of a “revolutionary situation,” this time entailing the rapid modernization of the country’s infrastructure and the simultaneous overhaul of its tax policies to attain true economic liberation for Filipinos, Secretary Carlos Dominguez III said Monday.
Read MoreKey officials of the Department of Finance (DOF) are attending the annual spring meetings of the World Bank this month in Washington DC to discuss with global investors, credit rating agencies and representatives of other countries the bright economic prospects for the Philippines under the Duterte administration.
Read MoreCall center agents and other employees with a monthly income of P21,000 will be exempted from paying the personal income tax (PIT), generating savings of over P20,000 annually, under the first package of the comprehensive tax reform plan (CTRP) as crafted and filed by the head of the House ways and means committee in close coordination with the Department of Finance (DOF).
Read MoreFinance Secretary Carlos Dominguez III and United Kingdom’s Secretary of State for International Trade Liam Fox have discussed ways to expand Philippine exports to the UK and how our government can tap UK’s £4.5 billion export-import facility to help source funds for the Duterte administration’s unprecedented public investment program.
Read MoreFormer Finance Secretary Margarito Teves has said that now is the most “conducive time” for the Congress to approve the first phase of the proposed Comprehensive Tax Reform Program (CTRP), given the wide and deep popular support for President Duterte and the country’s strong macroeconomic fundamentals.
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