The Department of Finance (DOF) is now closely coordinating with the Departments of Transportation (DOTr) and of Energy (DOE) to find ways on how best to deliver indirect subsidies to low-income commuters to soften the impact on them of the plan to increase fuel excise taxes as part of the Duterte administration’s proposed comprehensive tax reform program for inclusion and acceleration.
Read MoreFollowing its announcement of the results of its 18-month study of the money flow between government and the extractive industries, in which the participant oil, gas and metallic mining companies were credited with contributing P35.2 billion to Philippine revenues, the Philippine Extractive Industries Transparency Initiative (PH-EITI) now adjusts its announced figures to P52.7 billion.
Read More
Copyright © 2021 Department of Finance