The Department of Finance (DOF) is pushing reforms in the corporate income tax (CIT) system, including the lowering of the tax rates and the expansion of the functions of the…
Finance Secretary Carlos Dominguez III has cited the key reforms put in place by the past administrations as well as the support of a “broad reform coalition” for President Duterte’s…
Starting this month’s pay day, over six million or 86 percent of compensation earners with taxable income of P685 per day or P20,833 per month and below will be exempted…
The Department of Finance (DOF) has underscored the need to institute reforms that would correct the “policy overload” in the country’s fiscal incentives system as a result of the proliferation…
The Department of Finance (DOF) has formally submitted to the House of Representatives this week the second package of the Duterte administration’s Comprehensive Tax Reform Program (CTRP) that aims to…
Finance Secretary Carlos Dominguez III said the infrastructure modernization plans of the Duterte administration are starting to click into place with the rollout of the initial list of big-ticket projects…
While individual taxpayers will get income tax breaks for the first P250,000 of their taxable income, the country’s 10 million poorest households will each receive almost P10,000 spread over the…
The government collects income taxes from large corporations and other private firms representing only 3.7 percent of the country’s Gross Domestic Product (GDP), or a collection rate of a low…
Finance Secretary Carlos Dominguez III has asserted that the Tax Reform for Acceleration and Inclusion Act (TRAIN) would be the first time the government had pushed a tax reform package…
