An international nongovernment organization advocating clean air initiatives is backing the Department of Finance (DOF)-proposed reforms in excise taxes on fuel and vehicles as an effective measure to raise additional revenues while curbing air pollution by reducing the “wasteful consumption” of fossil fuels.
The government’s experience in 2009 of a massive erosion in revenues as a result of the Congress’ failure the year before to approve a revenue-neutral package in its entirety underscores the necessity of passing the proposed Comprehensive Tax Reform Program (CTRP) of the Duterte administration in full or as one package.
A leader from the business process outsourcing (BPO) sector has sought speedy congressional approval of … Continue reading BPO leader backs tax reform
Following a request from the Department of Finance (DOF), President Duterte certified on Monday as … Continue reading PRRD certifies tax reform bill as urgent
The mandatory fuel marking system under the proposed Comprehensive Tax Reform Program (CTRP) is designed … Continue reading Fuel marking to plug P27-B annual losses from oil smuggling, says DOF exec
Apartment and other real property rentals of P10,000 and below will remain VAT-free while those … Continue reading Removal of VAT exemption for property developers to still benefit low-income renters, house buyers
Over 1,000 entrepreneurs take part in ‘Sulong’ regional forumsDate Posted: April 29, 2019
More than 1,000 entrepreneurs, mostly representing small and medium enterprises (SMEs), were consulted by the … Continue reading Over 1,000 entrepreneurs take part in ‘Sulong’ regional forums
DOF to urge Congress to pass higher tobacco tax rates to further discourage smoking, raise more healthcare fundsDate Posted: April 29, 2019
The Department of Finance (DOF) will “try its best” until the last minute to convince the Congress to impose new “sin” tax rates on tobacco products that will make cigarettes pricey enough to further discourage smoking, especially among teenagers.