With the implementation of the Tax Reform for Acceleration and Inclusion Act (TRAIN) starting this January, non-minimum wage earners such as teachers, mall executives and car salespersons now enjoy an additional P4,000 to P6,000 increase in take-home pay per month, a cash bonanza they say they plan to set aside either to augment their bank deposits, invest in financial instruments, travel or spend on special occasions with their family members.
Read MorePhilippine and Japanese officials will meet tomorrow (Feb. 12) in the island of Mactan in Cebu province to discuss the progress in the Duterte administration’s flagship infrastructure projects that Japan has committed to help finance through soft loans.
Read MoreFinance Secretary Carlos Dominguez III has directed the Bureau of Internal Revenue (BIR) to zero-in on ways of properly collecting taxes from the succeeding tax reform packages that the Duterte administration will push in the Congress this year to further make the current system simpler, fairer and more efficient.
Read MorePhilippine and Japanese officials are set to meet in the island of Mactan in Cebu on Feb. 12 to discuss the progress in the Duterte administration’s flagship infrastructure projects that Japan has committed to help finance through soft loans.
Read MoreHANGZHOU, China—Finance Secretary Carlos Dominguez III has broached the possibility of tapping Alibaba’s fintech (financial technology) solutions through its related company Ant Financial to lower remittance costs for the Philippines’ over 10 million migrant workers and offer them other online-based banking and financial management services.
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