The Department of Labor and Employment (DOLE) supports the proposed reforms in corporate taxation and fiscal incentives under the second package of the Duterte administration’s comprehensive tax reform program (CTRP),…
Foreign investors that are qualified and performing well have no reason to be worried over a pending bill in the Congress that seeks to reform the country's convoluted corporate income…
The Philippines is strong enough to "weather the storms" looming over its economy, given that the Duterte administration has already taken aggressive measures to tame domestic inflation and sustain the…
The Department of Finance (DOF) said that while the government recognizes the value of tax incentives in business, such multibillion-peso worth of annual perks must not be given indiscriminately at…
The Department of Finance (DOF) has proposed improvements to the Tax Incentives Management and Transparency Act (TIMTA) to enable the government to make public the list of corporations that receive…
The Department of Finance (DOF) remains optimistic that lawmakers will consider the long-term benefits of the Duterte administration’s comprehensive tax reform program (CTRP) by giving their stamp of approval to…
The Department of Finance (DOF) thanked Monday both houses of the Congress for the passage of the first package of the Duterte administration’s comprehensive tax reform program (CTRP) that has…
The Department of Finance (DOF) has determined that for 2015 alone, the government gave away P86.3 billion-worth of income tax incentives to firms that paid out a total of P141.8…
Around 1.4 million jobs are expected to be created between 2021 and 2029, when the corporate income tax (CIT) will have been cut by a third to 20 percent under…
The government is losing an estimated P43 billion a year in tax leakages to firms that possibly exploit the country’s convoluted corporate income tax (COT) system and abuse transfer pricing…
