The Philippines’ antiquated tax code, which contains 59 lines of exemptions from the Value-Added Tax … Continue reading Gov’t losing P91 B yearly from VAT exemptions
The Departments of Budget and Management (DBM) and of Finance (DOF) will hold a Luzon-wide … Continue reading Gov’t to hold Luzon-wide dialogue on tax reform tomorrow
The Department of Finance (DOF) welcomed Monday the final approval by the House ways and … Continue reading DOF welcomes final House committee approval of pro-poor tax reform bill
Various organizations led by the Trade Union Congress of the Philippines (TUCP), Financial Executives of the Philippines (FINEX) and the National Tax Research Center (NTRC) are backing the “long-overdue” reforms in personal income tax (PIT) rates proposed by the Department of Finance (DOF) along with other measures to make the tax system simpler, more equitable and more efficient, especially for low- and middle-income taxpayers.
The non-adjustment of fuel excise taxes for the past two decades has cost the government … Continue reading Gov’t losing P145-B in foregone revenues from non-adjustment of fuel excise taxes
Implementing only the proposed reductions in personal income tax (PIT) rates without its accompanying reforms … Continue reading Income tax cuts sans new revenue measures anti-poor, fiscally unsustainable–DOF
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.