Finance Secretary Carlos Dominguez III has cited the central role that the Bureau of Internal Revenue (BIR) will play in realizing the Philippines “economic breakout” as he underscored the importance of both tax administration and policy reforms in ensuring a steady revenue stream for the Duterte administration’s ambitious program to modernize the country’s infrastructure backbone and accelerate poverty reduction.
Read MoreA leader from the business process outsourcing (BPO) sector has sought speedy congressional approval of the first package of Comprehensive Tax Reform Program (CTRP), which he described as a “win-win” for both labor and management as it will raise the take-home pay of workers and enhance the workplace environment leading to higher productivity.
Read MoreFollowing a request from the Department of Finance (DOF), President Duterte certified on Monday as an urgent measure for congressional approval the eight-month-old Tax Reform for Acceleration and Inclusion Act (TRAIN), which is crucial to the financial sustainability of the government’s ambitious agenda to sustain the country’s growth momentum and accelerate poverty reduction via a massive spending on infrastructure, human capital and social protection for the poor and vulnerable sectors.
Read MoreThe increase in consumer prices would likely move at a much slower pace this month as food costs, particularly of vegetables tapered off, the Department of Finance (DOF) said.
Read MoreThe Department of Finance (DOF) has assured health officials that it will double its efforts in raising enough revenues to enable the government to build more hospitals and provide quality, affordable health care to Filipinos.
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