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
Finance Undersecretary Karl Kendrick Chua said that “substantial progress” has been achieved in the Comprehensive … Continue reading DOF lauds “substantial progress” in CTRP bill in Congress
The Duterte administration’s unmatched infrastructure buildup over the next five years will be funded by … Continue reading CTRP ‘cornerstone’ of infra buildup funding