The robust retail sales in malls, fast food restaurants and other dining places point to higher consumer demand as the Tax Reform for Acceleration and Inclusion (TRAIN) Act has indeed put more money into the pockets of most Filipinos since the law’s implementation in January this year, according to a top Department of Finance (DOF) official.
Read MoreFinance Secretary Carlos Dominguez III said pending legislative proposals to reform the country’s outdated real property valuation system will bring in more investments, further invigorate the property market, and generate additional revenues for local government units (LGUs).
Read MorePhilippine and Chinese officials are set to meet in Beijing this week to continue discussions on ways to address the issues and challenges in the preparation and implementation of the Duterte administration’s “Build, Build, Build” infrastructure projects that China has committed to support through Official Development Assistance (ODA) loans and grants.
Read MoreFinance Secretary Carlos Dominguez III has said that record remittances from 54 government-owned and -controlled corporations (GOCCs) will go a long way in helping the Duterte administration hold down deficits and sustain its aggressive spending on infrastructure and human capital development.
Read MoreNon-profit private schools and hospitals that perform well and adhere to high standards of service will continue to enjoy the current low income tax rate of 10 percent under the proposed corporate income tax (CIT) reform bill pending in the House of Representatives, the Department of Finance (DOF) said.
Read More