DAVAO CITY—Finance Secretary Carlos Dominguez III has underscored the “generous support” extended by Japan in helping jumpstart the Philippines’ ambitious “Build, Build, Build” infrastructure program, which is crucial to the fulfillment of President Duterte’s high and inclusive growth agenda.
Read MoreMr. Tarō Kōno, Minister for Foreign Affairs; Mr. Koji Haneda, Ambassador-designate of Japan to the Republic of the Philippines; Mr. Shigeki Takizaki, Director-General and Assistant Minister, Southeast and Southwest Asian Affairs:
Read MoreThe Bureau of Internal Revenue (BIR) is now in the process of preparing a feasibility study in cooperation with the Korea International Cooperation Agency (KOICA) for the implementation of an electronic invoicing system mandated under the Tax Reform for Acceleration and Inclusion Act (TRAIN).
Read MoreWe, the economic managers, are glad to report that the country’s inflation rate in January further slowed down to 4.4 percent. This gives us an auspicious start in our efforts this year to keep inflation manageable and bring it back to the government’s target range of 2 to 4 percent for 2019.
Read MoreFinance Secretary Carlos Dominguez III has approved a revenue regulation (RR) reducing by almost half the 25 to 32 percent creditable withholding tax on the refund due customers of the Manila Electric Company (Meralco) to a flat 15 percent as provided under the Tax Reform for Acceleration and Inclusion (TRAIN) Law.
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