A top World Bank official has lauded the Duterte administration for implementing a “proactive and forward-looking” comprehensive tax reform program (CTRP)
Finance Secretary Carlos Dominguez III has thanked the Senate and the House of Representatives for … Continue reading DOF thanks Congress for approving ‘sin’ tax reform bill
Provinces and cities are losing an estimated P30.5 billion in total foregone revenues as a … Continue reading LGUs losing P30.5-B revenues to outdated real property valuation
The Universal Health Care (UHC) Act will be downgraded from being a first-class law to … Continue reading Non-passage of new sin taxes to make UHC ‘a third-class’ law
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DOF to urge Congress to pass higher tobacco tax rates to further discourage smoking, raise more healthcare funds
Date Posted: April 29, 2019The 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.
Over 1,000 entrepreneurs take part in ‘Sulong’ regional forums
Date Posted: April 29, 2019More 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
FIRB approves tax incentives for Mindanao-based cement company
Date Posted: January 17, 2022DOF hopeful on Congress OK of remaining tax reform packages
Date Posted: January 7, 2022Dominguez prods DOLE to go digital to speed up assistance to workers
Date Posted: December 7, 2021Dominguez urges foreign businessmen to invest in Philippines’ ‘game-changing’ initiatives to sustain strong recovery amid pandemic
Date Posted: November 26, 2021Duterte admin ready to assist next presidency on 4 economic stability issues during transition
Date Posted: November 25, 2021Dominguez prods DOLE to go digital to speed up assistance to workers
Date Posted: December 7, 2021Dominguez urges foreign businessmen to invest in Philippines’ ‘game-changing’ initiatives to sustain strong recovery amid pandemic
Date Posted: November 26, 2021Duterte admin ready to assist next presidency on 4 economic stability issues during transition
Date Posted: November 25, 2021FIRB upholds Resolution 19-21 and denies PEZA request to exempt its registered IT-BPM enterprises from the rules on WFH arrangements
Date Posted: November 9, 2021FIRB approves tax incentives for railway operations of subway project in Makati
Date Posted: November 8, 2021FIRB grants work-from-home authorization for IT-BPM companies in ecozones
Date Posted: September 17, 2021Dominguez sees bright PHL economic prospects amid Gov’t pandemic recovery support for businesses
Date Posted: September 10, 2021FIRB okays tax breaks, other incentives for 3 investment projects worth P29-B
Date Posted: August 3, 2021Dominguez cites tax reform as among key achievements of Duterte administration
Date Posted: July 28, 2021DOF, DTI sign CREATE IRR ahead of the 90-day deadline
Date Posted: June 25, 2021PHL gets highest rating among ASEAN countries in global study on cigarette tax policy performance
Date Posted: May 20, 2021Dominguez calls for early meeting of new FIRB under CREATE
Date Posted: April 7, 2021Dominguez thanks President Duterte, Congress for timely enactment of CREATE Law
Date Posted: March 28, 2021Dominguez hopeful on passage of CREATE bill before yearend
Date Posted: November 26, 2020Dominguez tells American investors PHL is back in business
Date Posted: November 13, 2020Gov’t bent on building better, post-COVID economy amid foreseen strong 2021 recovery from pandemic
Date Posted: October 20, 2020CREATE, FIST to address top concerns of Covid-hit businesses–DOF
Date Posted: September 29, 2020DOF thanks Congress for Bayanihan 2 passage, seeks support on remaining economic recovery bills
Date Posted: September 1, 2020DOF welcomes DOLE-commissioned study showing CREATE bill will generate jobs, lower poverty incidence
Date Posted: August 30, 2020Economic managers propose 4 legislative ‘imperatives’ to ensure strong, sustainable, resilient PHL recovery
Date Posted: June 8, 2020Former gov’t execs, experts push Congress OK of CREATE bill
Date Posted: June 4, 2020PCCI head says CREATE to give PHL ‘fighting chance’ in attracting more investments
Date Posted: May 31, 2020Business groups urge Congress to pass CREATE bill next week
Date Posted: May 29, 2020Economic team asks business sector to help convince Congress to pass CREATE bill
Date Posted: May 28, 2020Dominguez: Now is the best time to pass ‘recalibrated’ corporate tax reform
Date Posted: May 26, 2020DOF wants to tailor-fit tax, non-tax incentives to attract right kind of investors under ‘new normal’
Date Posted: May 24, 2020Dominguez urges Senate to include stimulus measures in calibrated corporate tax reform bill
Date Posted: May 21, 2020Dominguez: Building on strong economic fundamentals will let PHL recover next year from COVID-19 crisis
Date Posted: May 19, 2020Gov’t banks on fundamental reforms, recovery measures to revive economy
Date Posted: May 14, 2020Dominguez proposes 5 priority measures to restart economy
Date Posted: May 12, 2020Dominguez thanks Congress for preparing Government for COVID crisis with TRAIN, 2020 budget approval
Date Posted: May 4, 2020‘Sin’ tax collections almost double to P269.1-B in 2019
Date Posted: February 21, 2020DOF welcomes Senate version of CITIRA, thanks tax panel for keeping reform principles
Date Posted: February 19, 2020CITIRA draws on best tax incentive systems in other Asean economies
Date Posted: February 17, 2020Gov’t on track to reduce poverty rate to 14% or lower by 2022—Dominguez
Date Posted: February 16, 2020DOF says FIRB to promote good governance, enhance grant of tax incentives to firms
Date Posted: February 10, 2020E-cigarette manufacturer backs ‘sin’ tax reform
Date Posted: February 3, 2020Dominguez optimistic on passage of remaining CTRP packages this year
Date Posted: January 16, 2020CTRP packages gain headway in Congress, says DOF
Date Posted: January 15, 2020Filipinos start benefiting from Build, Build, Build
Date Posted: December 25, 2019PIFITA deepens PH capital markets
Date Posted: December 25, 2019Real property valuation reform ushers speedy infra developments
Date Posted: December 25, 2019SMEs welcome CITIRA
Date Posted: December 25, 2019Congress approves increased excise taxes on alcohol and e-cigarettes
Date Posted: December 25, 2019Philippines on track to eradicate extreme poverty by 2040
Date Posted: December 25, 20192019 a year of achievements for DOF, says Dominguez
Date Posted: December 23, 2019TRAIN revenues exceed January-September estimates — DOF
Date Posted: December 22, 2019DOF thanks Congress for ratifying bill on tax hikes for alcohol, e-cigarettes
Date Posted: December 20, 2019Pinoys aim to unlock long-term financial security with PIFITA
Date Posted: December 15, 2019Real property valuation reform to speed up infra lift Phl economy
Date Posted: December 15, 2019Pinoy youth groups back sin tax
Date Posted: December 15, 2019CITIRA: Leveling the playing field, creating opportunities for SMEs
Date Posted: December 15, 2019Boost in PHL competitiveness sought: Former Finance chiefs support tax reform
Date Posted: December 15, 2019Priming the economy with Build, Build, Build
Date Posted: December 15, 2019Capital markets, insurance sector to get boost from Package 4
Date Posted: December 15, 2019How the real property valuation reform can benefit Filipinos
Date Posted: December 15, 2019Closing the health care funding gap via sin taxes
Date Posted: December 15, 2019SMEs expected to boom with passing of CITIRA
Date Posted: December 15, 2019Former finance chiefs support game-changing reforms to boost PH competitiveness
Date Posted: December 15, 2019DOF welcomes House OK of Real Property Valuation Reform bill
Date Posted: December 3, 2019Dominguez: No turning back on PHL reform agenda for sustained rapid, inclusive growth
Date Posted: December 2, 2019Record spending on human capital to let young Filipinos reap demographic dividend, says Dominguez
Date Posted: December 1, 2019DOF: No conflict between sin tax revenue and health goals
Date Posted: November 29, 2019DOF thanks Cayetano, Salceda for ‘unified’ position on higher vapes tax
Date Posted: November 24, 2019WHO hails PHL as global “forerunner” in taxing ‘sin’ products to promote health
Date Posted: November 15, 2019DOF supports Sen. Cayetano call for higher alcohol taxes
Date Posted: October 29, 2019Dominguez open to proposed sovereign wealth tax on mining
Date Posted: October 25, 2019Gov’t to continue ‘barrage of reforms’ to boost growth
Date Posted: October 18, 2019DOF, BSP making joint push for lifting of bank secrecy in tax amnesty bill
Date Posted: October 9, 2019CITIRA to let PHL truly prioritize key industries, areas–DOF
Date Posted: October 7, 2019DOF maintains CITIRA to create 1.5 million jobs
Date Posted: September 30, 2019DOF unfazed in pushing for CITIRA despite PEZA fallacies
Date Posted: September 29, 2019DOF thanks Sen. Cayetano for sponsoring bill on higher ‘sin’ taxes for alcohol, e-cigarettes
Date Posted: September 27, 2019Former DOF secretaries, eminent economists join top legislators in seeking urgent passage of remaining tax reform packages
Date Posted: September 19, 2019Surge in FDI pledges proves investors not scared of CITIRA—DOF
Date Posted: September 11, 2019ASEAN members cite TRAIN’s sweetened beverage tax as successful policy—DOF
Date Posted: September 11, 2019Dominguez wants review of fiscal incentives once every two years–like MICC mining audits
Date Posted: September 5, 2019CTRP to ensure revenues for PHL economic modernization
Date Posted: August 29, 2019Econ managers seek closer partnership with Congress on PRRD priority bills
Date Posted: August 22, 2019Firms to get superior incentives, extra deductions under proposed corporate tax reform bill
Date Posted: August 21, 2019DOF debunks PEZA claim on its alleged P10-trillion contribution to economy
Date Posted: August 19, 2019Dominguez cites Salceda panel for swift approval of CITIRA bill
Date Posted: August 18, 2019DOF debunks Petron’s claim of income drop due to TRAIN
Date Posted: August 16, 2019Dominguez lauds 2nd reading approval of bill increasing taxes on alcohol, e-cigs
Date Posted: August 15, 2019PHL granted P1.12 trillion tax incentives to favored firms in 2015-2017
Date Posted: August 6, 2019Dominguez lauds BIR for helping President Duterte attain promise of real change for all Filipinos
Date Posted: August 1, 2019DOF to focus on congressional OK of higher taxes on alcohol, e-cigarettes for UHC program
Date Posted: July 31, 2019New tobacco tax reform law to ensure expanded healthcare for poor families
Date Posted: July 29, 2019Dominguez urges Congress to pass remaining CTRP bills, higher excise taxes on alcohol, e-cigarettes before year-end
Date Posted: July 23, 2019Business community backs tax program, other measures in Congress to attract FDIs
Date Posted: July 21, 2019MICC to conduct 2nd round of audit of mining firms in July
Date Posted: July 9, 2019Steps to develop human capital, attract FDIs top proposals in 2019’s 1st Sulong Pilipinas
Date Posted: July 7, 2019PRRD has kept 2016 promise of real change
Date Posted: July 1, 2019World Bank exec lauds PHL’s ‘proactive, forward-looking’ tax reform program
Date Posted: June 6, 2019LGUs losing P30.5-B revenues to outdated real property valuation
Date Posted: June 3, 2019Non-passage of new sin taxes to make UHC ‘a third-class’ law
Date Posted: June 2, 2019Civil society groups join clamor for higher ‘sin’ taxes
Date Posted: May 27, 2019PIDS papers commit ‘sins of omission’ in ignoring TRAIN impact on infra, households
Date Posted: May 17, 2019DOF, DOH to make final push for Congress OK of higher ‘sin’ taxes on tobacco, alcohol
Date Posted: May 17, 2019Pacman vs Yosi Kadiri in fight for Universal Health Care
Date Posted: May 15, 2019TRAIN, rice tariffication are game-changers, says Dominguez
Date Posted: May 12, 2019Taxpayers reap P111.7-B cash windfall from hefty income tax cuts–DOF
Date Posted: May 9, 2019DOF to urge Congress to pass higher tobacco tax rates to further discourage smoking, raise more healthcare funds
Date Posted: April 29, 2019Over 1,000 entrepreneurs take part in ‘Sulong’ regional forums
Date Posted: April 29, 2019DOF tells Malacañang most MSMEs support corporate tax reform
Date Posted: April 25, 2019Dominguez to US businesses: Now is best time to invest in ‘Asia’s next powerhouse’
Date Posted: April 22, 2019DOF to BIR: Check excise tax payments of beverage makers
Date Posted: April 12, 2019Alcohol tax hike to raise P237-B in revenues over 5-year period
Date Posted: March 11, 2019TRAIN boosts Filipino consumers’ spending power, says Dominguez
Date Posted: March 1, 2019Smoking prevalence to go down 17% with higher cigarette tax of P60
Date Posted: February 25, 2019PRRD econ team takes decisive steps vs inflation in 2018
Date Posted: February 11, 2019YEARENDER DOF ensures funding for ‘Build, Build, Build’ projects
Date Posted: January 14, 2019Over 100 medicine brands for treatment of diabetes, hypertension, high cholesterol now cheaper under TRAIN Law
Date Posted: January 13, 2019Corporate tax reform to create 1.4 M jobs over the next 10 years
Date Posted: December 28, 2018FEF backs property valuation reforms
Date Posted: December 28, 2018Over 1,000 entrepreneurs take part in ‘Sulong’ regional forums
Date Posted: December 9, 20184 regional ‘Sulong’ forums generate ‘Top 10′ proposals
Date Posted: December 3, 2018Regional ‘Sulong’ forums underscore private sector’s role in sustaining growth
Date Posted: November 30, 2018Last leg of ‘Sulong’ 2018 SME workshops to be held in Clark, Davao
Date Posted: November 25, 2018Visayas and Luzon SMEs back lower corporate income tax, EODB reforms
Date Posted: November 23, 2018Corporate tax reform offers better, more attractive incentives–DOF
Date Posted: November 14, 2018DOLE backs job-generating corporate and fiscal incentives reform bill
Date Posted: November 11, 2018PHL strong enough to “weather” eco storms—Dominguez
Date Posted: November 1, 2018Eligible investors to continue enjoying incentives under TRABAHO bill
Date Posted: November 1, 2018Gov’t seeks end to indiscriminate grant of costly fiscal incentives
Date Posted: October 26, 2018Corporate Income Tax Reform Bill to create 1.4-M jobs
Date Posted: October 17, 2018Book imports, purchases to remain tax-exempt
Date Posted: September 25, 2018Economist-lawmaker lauds first 2 tax reform packages
Date Posted: September 24, 2018DOF thanks House for final OK of corporate tax reform bill
Date Posted: September 23, 2018TRAIN’s P181-B revenues to help raise P3.2-T in 2019
Date Posted: July 31, 2018Gov’t lost P301-B in tax incentives for only 3,000 firms in 2015 alone—DOF
Date Posted: July 24, 2018DOF seeks support of top economists in improving corporate taxation
Date Posted: July 19, 2018SMEs get multibillion-peso tax breaks under TRAIN
Date Posted: July 18, 2018Salceda: TRAIN ‘skillfully crafted’ to tax rich more while protecting poor
Date Posted: July 15, 2018TRAIN putting more money into the hands of consumers to make up for the slight increase in prices—DOF
Date Posted: July 12, 2018Dominguez: Tax reform, infra buildup to revolutionize PHL eco development
Date Posted: July 5, 2018SSS, other agencies back corporate tax reform
Date Posted: June 19, 2018ID system, rice tariffs to complement TRAIN’s social mitigation measures
Date Posted: May 30, 2018Higher domestic demand drives up inflation as Filipinos have P32 billion more to spend monthly
Date Posted: May 29, 2018Gov’t has measures to ease impact of global oil prices, says DOF
Date Posted: May 28, 2018TRAIN not to blame for inflation
Date Posted: May 25, 2018Dominguez seeks congressional OK of 2nd tax reform package
Date Posted: May 22, 2018Former DOF chiefs back reforms in corporate taxation, modernization of investors’ incentives
Date Posted: May 20, 2018Inflation manageable with TRAIN, says DOF chief economist
Date Posted: May 18, 2018Hybrid PPP ensures private sector role in infra buildup
Date Posted: May 17, 2018EU ambassadors back 10-point socioeconomic agenda, express willingness to invest in PHL
Date Posted: May 16, 2018Suspending TRAIN will derail infra, social protection programs—DOF
Date Posted: May 13, 2018Senator says PHL starting to reap fruits of TRAIN, “Build, Build, Build”
Date Posted: May 13, 2018Ex-DOF chief backs corporate tax reform
Date Posted: May 2, 2018Business leaders back corporate tax reform
Date Posted: April 1, 20187.4 million households to receive unconditional cash transfers in 1st quarter
Date Posted: February 23, 2018TRAIN to eventually rescue 21-M Filipinos from poverty
Date Posted: February 21, 2018TRAIN removes oppressive rates for delinquent tax payments
Date Posted: February 14, 2018DOF cites better collection of tobacco excise taxes with TRAIN
Date Posted: February 12, 2018Employees see cash bonanza with higher take-home pay under TRAIN
Date Posted: February 11, 2018Individuals earning above P250K also getting bigger take-home pay under TRAIN
Date Posted: February 7, 2018Over 6-M compensation earners to enjoy zero tax starting January
Date Posted: January 22, 2018Reforms needed to end “policy overload” in fiscal incentives system for corporations
Date Posted: January 21, 2018DOF submits CTRP Package 2 to Congress
Date Posted: January 16, 2018Dominguez says inclusive growth goal now achievable with TRAIN
Date Posted: January 14, 201810-M poor households to benefit from TRAIN
Date Posted: January 12, 2018Fiscal incentives pull down corporate income tax collection rate
Date Posted: January 9, 2018DOF to submit CTRP’s Package 2 to Congress this month
Date Posted: January 8, 2018BIR assures DOF of streamlined documentary requirements for MSMEs
Date Posted: January 1, 2018THE TAX REFORM FOR ACCELERATION AND INCLUSION (TRAIN) ACT.
Date Posted: December 27, 2017Non-taxpayers to benefit from new tax reform law
Date Posted: December 24, 2017TRAIN is Duterte admin’s “best Xmas and New Year’s gift” to Filipino people, says Dominguez
Date Posted: December 20, 2017DOF thanks Congress for ratifying TRAIN
Date Posted: December 14, 2017NEDA exec says tax reform to create 500,000 jobs
Date Posted: December 10, 2017Personal income tax rates in TRAIN aligned with ASEAN practices—NTRC
Date Posted: December 8, 2017Foreign business leaders back TRAIN
Date Posted: December 6, 2017PNP backs tax reform bill
Date Posted: December 4, 2017Former finance, NEDA chiefs support DOF tax plan
Date Posted: December 3, 2017Dominguez thanks Senate for passing its TRAIN version
Date Posted: November 29, 2017Former DOF execs ask Senate to preserve TRAIN’s original revenue goal
Date Posted: October 3, 2017AmCham joins biz community support for tax reform
Date Posted: September 29, 2017DOF hopeful on TRAIN implementation by January 1 next year
Date Posted: September 25, 2017DOF thanks Angara committee for endorsing TRAIN for Senate OK
Date Posted: September 22, 2017JAZA lauds Duterte admin for ‘boldness’ in infra, tax reform
Date Posted: September 14, 2017P30B additional oil excise tax collections to go to 2018 social benefits programs
Date Posted: September 11, 2017Non-taxpayers to also benefit from TRAIN
Date Posted: September 6, 2017PPSTA head backs TRAIN
Date Posted: August 29, 2017Miss Earth Philippines backs fuel tax hike
Date Posted: August 24, 2017More pro-health groups back fuel excise tax adjustments in TRAIN
Date Posted: August 23, 2017The country’s governors, councilors support TRAIN
Date Posted: August 15, 2017First 250K income of compensation earners exempted from tax under TRAIN
Date Posted: August 7, 2017Medical specialist backs SSB tax
Date Posted: July 13, 2017Pro-poor SSB tax gains wider support
Date Posted: July 10, 2017BPOs to continue high growth under tax reform
Date Posted: July 7, 2017TRAIN to end ‘unjust taxation’, shift tax burden to the rich
Date Posted: July 5, 2017DOF to hold tax reform awareness forum this week
Date Posted: July 2, 2017BIR can collect extra P433-B from tax policy, administration reforms
Date Posted: June 18, 2017DOF to hold tax reform awareness forum
Date Posted: June 18, 2017Some 6 million or 83% of Filipinos exempted from personal income tax under TRAIN
Date Posted: June 8, 2017Tax Reform vital to ‘Golden Age” of PHL Infrastructure
Date Posted: June 7, 2017Expert lauds fuel marking plan in tax reform bill
Date Posted: June 4, 2017DOF thanks House for final OK of TRAIN bill
Date Posted: June 1, 2017Clean Air Asia backs DOF tax reforms
Date Posted: May 31, 2017Ex-President GMA urges Congress to pass tax reforms as one package
Date Posted: May 31, 2017BPO leader backs tax reform
Date Posted: May 30, 2017PRRD certifies tax reform bill as urgent
Date Posted: May 29, 2017Fuel marking to plug P27-B annual losses from oil smuggling, says DOF exec
Date Posted: May 28, 2017Removal of VAT exemption for property developers to still benefit low-income renters, house buyers
Date Posted: May 26, 2017VAT exemptions for cooperatives unfair to 100 million taxpayers
Date Posted: May 25, 2017Netizens back tax reform
Date Posted: May 24, 2017SSC says CTRP to spur growth, create jobs
Date Posted: May 23, 2017Gov’t to hold Luzon-wide dialogue on tax reform tomorrow
Date Posted: May 17, 2017TUCP, FINEX lead groups for DOF income tax reforms
Date Posted: May 14, 2017Gov’t losing P145-B in foregone revenues from non-adjustment of fuel excise taxes
Date Posted: May 10, 2017Income tax cuts sans new revenue measures anti-poor, fiscally unsustainable–DOF
Date Posted: May 9, 2017CTRP ‘cornerstone’ of infra buildup funding
Date Posted: April 28, 2017DOF underscores consensus-building in crafting tax reform package
Date Posted: April 28, 2017Taxpayers earning P21,000 monthly and below to pay zero tax under revised CTRP Package One
Date Posted: April 23, 2017Tax reform ‘key link” to PHL breakout from low-growth cycle
Date Posted: April 18, 2017CTRP to ensure vibrant future for next generations of Filipinos
Date Posted: April 3, 2017Phoenix Petroleum to pre-pay 2017 taxes in support of CTRP
Date Posted: March 26, 2017CTRP to exempt 4.6-M Filipinos from income taxation
Date Posted: February 22, 2017Hotel owners group chief backs tax reforms
Date Posted: February 21, 2017ADB backs DOF’s ‘progressive’ excise tax reforms
Date Posted: February 20, 2017Tax reform to create buffer vs global protectionism wave
Date Posted: February 13, 2017Senior citizen backs tax reform plan
Date Posted: February 10, 2017CTRP is “progressive” as it will shift tax burden to rich, provide subsidies to poor families—DOF
Date Posted: February 3, 2017DOF welcomes criticisms but challenges critics to present fairer tax plan – Alvarez
Date Posted: February 1, 2017Fuel tax adjustments in CTRP to stop subsidizing rich, says DOF
Date Posted: January 27, 2017No taxes, no infra
Date Posted: January 26, 2017Tax reforms to net P206.8-B in 1st year of implementation
Date Posted: January 19, 2017Improvements in BIR, BOC in place as part of tax reform measures
Date Posted: January 18, 2017Fuel tax adjustments to have minimal impact on poor, low-income groups — DOF
Date Posted: January 13, 2017YEARENDER: DOF crafts “game-changing” tax reform package in 2016
Date Posted: January 4, 20172022
- Comprehensive Tax Reform Program
- Tax Reform Package 1
- Tax Reform Package 1B
- Tax Reform Package 2
- Tax Reform Package 2+: Mining
- Tax Reform Package 2+: Sin taxes
- Tax Reform Package 3
- Tax Reform Package 4
The Department of Finance (DOF) is the government’s steward of sound fiscal policy. It formulates revenue policies that will ensure funding of critical government programs that promote welfare among our people and accelerate economic growth and stability. Read More..
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