The contribution of the Philippine Charity Sweepstakes Office (PCSO) to the funds for Universal Health Care (UHC) would be minimal, accounting for only 1.2 percent of the total requirement of P257 billion next year, which is why the Department of Finance (DOF) would devote its efforts instead to pushing the swift congressional approval of higher taxes on alcohol products and e-cigarettes to fill the program’s funding gap.
Read MoreThe Department of Finance (DOF) is set to release the implementing rules and regulations (IRR) on the Personal Property Security Act (PPSA) sometime in August and stakeholders are given until tomorrow, July 31 to submit comments on the same.
Read MoreThe Bureau of Customs (BOC) has thus far collected some P6.5 billion in duties from rice imports by private traders under the Republic Act (RA) No. 11203 or the Rice Liberalization Act, or an average of P1.4 billion a month since the law took effect in March this year, preliminary data show.
Read MoreThe newly signed law imposing higher taxes on cigarettes and a new tax on e-cigarettes and other alternative devices for smoking will enable the government to properly implement the Universal Health Care (UHC) program, in keeping with President Duterte’s commitment to improve the lives of Filipinos by expanding the delivery of healthcare services, especially to low-income families, Finance Secretary Carlos Dominguez III said.
Read MoreThe online portal of the Philippine Tax Academy (PTA) along with its competency management system (CMS) framework and basic courses for Bureau of Customs (BOC) employees will be launched on July 31.
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