The House of Representatives is set to start plenary deliberations on the first package of the Duterte administration’s Comprehensive Tax Reform Program (CTRP) that has been co-authored so far by…
Over 200 representatives of nongovernment organizations and other civil society groups have called on the two chambers of the Congress to “swiftly pass” a proposed legislation covering the first package…
The Philippines’ antiquated tax code, which contains 59 lines of exemptions from the Value-Added Tax and 84 special VAT-related laws, have led to massive revenue leakages costing the government an…
The Departments of Budget and Management (DBM) and of Finance (DOF) will hold a Luzon-wide dialogue focusing on the social services aspect of the Comprehensive Tax Reform Program (CTRP) tomorrow…
The Departments of Finance (DOF) and of Budget and Management (DBM) will hold a Luzon-wide dialogue on the Comprehensive Tax Reform Program (CTRP) this Thursday (May 18) at the Philippine…
The Department of Finance (DOF) welcomed Monday the final approval by the House ways and means committee of the substitute bill containing the first package of the Duterte administration’s Comprehensive…
The non-adjustment of fuel excise taxes for the past two decades has cost the government an estimated P145 billion annually in foregone revenues (in 2016 prices) or about 1 percent…
Implementing only the proposed reductions in personal income tax (PIT) rates without its accompanying reforms in tax policy and administration would torpedo the government's anti-poverty agenda, jack up its debt-servicing…
Finance Undersecretary Karl Kendrick Chua said that “substantial progress” has been achieved in the Comprehensive Tax Reform Program (CTRP) bill now pending in the Congress after the House ways and…
The Department of Finance (DOF) said a consensus-building approach has enabled the Duterte administration to refine the tax reform package it has originally submitted to the Congress, taking into account…
