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…
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.
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…
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…
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…
Finance Secretary Carlos Dominguez III has committed to involve the Land Bank of the Philippines (LandBank) and the Development Bank of the Philippines (DBP) in encouraging Filipino students to undertake…
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…
Finance Secretary Carlos Dominguez III said continuing reforms in the capital market have made this sector more inclusive and averse to insider trading, which has buoyed investor confidence in the…
Secretary Carlos Dominguez III said the Department of Finance (DOF) is now studying the offer of Mighty Corporation to settle its tax liabilities byJuly 20 for P25 billion, covering the…
The Bureaus of Internal Revenue (BIR) and of Customs (BOC) are currently pursuing reforms in tax administration, including the use of an Internal Revenue Stamps Integrated System (IRSIS) for both cigarettes and alcohol products, to plug leakages and increase revenue collections, according to the Department of Finance (DOF).
