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PUBLICATIONS

• Republic Act No. 11534 (with veto message)
• Statement on Support on Package 3 of the CTRP (Real Property Valuation Reform)
• CREATE Act IRR
• RA 11534 (CREATE Law) briefing for FINEX
• BBB SOS for CREATE (DPWH, DOTr, DBM, NEDA ,BCDA) consolidated as of 2 June 2020
• Tungo sa Pagbabago: Ano nga ba ang CITIRA? (Comics)
• Presentation on CITIRA Dispelling Myths: CITIRA Forum, PICC (March 3, 2020)
• Package 2 top 10 rationales as of Feb 28, 2020
• House Bill No. 4664: Real property valuation (18th Congress)
• Presentation on Package 4 top 10 rationales: Senate committee hearing delivered by Usec. Karl Kendrick Chua (February 5, 2020)
• Overview of CTRP delivered by Usec. Karl Kendrick Chua (Nov. 29, 2019)
• Presentation on Package 2 top 10 rationales: Consultative briefing on CITIRA, Fontana, Clark (November 18, 2019)
• UPSEAA CBA presentation delivered by Usec. Karl Kendrick Chua (Oct 21, 2019)
• STSRO CBA presentation delivered by Usec. Karl Kendrick Chua (Oct 15, 2019)
• 10 reasons why we need to reform the corporate income tax and incentives system – AmCham meeting presentation (September 19, 2019)
• 10 reasons why we need to reform the corporate income tax and incentives system – Senate WAM presentation (September 17, 2019)
• Presentation by Usec. Karl Kendrick Chua: Stakeholder meeting, Davao City (Sept. 6, 2019)
• Presentation on Package 2+ top 10 rationales delivered by Usec. Karl Kendrick Chua: Senate Committee on Ways and Means (September 5, 2019)
• Presentation delivered by Asec. Teresa Habitan: AFC Palawan (August 29, 2019)
• Presentation by Usec Karl Kendrick Chua: Sulong Pilipinas in Palo, Leyte (August 23, 2019)
• Top 10 reasons why we need alcohol excise tax by DOF Usec Karl Chua and DOH Usec Eric Domingo (Aug 20, 2019)
• CTRP overview delivered by Usec. Karl Kendrick Chua: Senate WAM hearing (August 15, 2019)
• CTRP overview presentation as of August 14, 2019
• Presentation delivered by Usec. Karl Kendrick Chua: House of Representatives (August 13, 2019)
• CTRP Package 4: Passive Income and Financial Intermediary Tax Reform 1-page briefer
• CTRP Package 3: Real property valuation reform 1-page briefer
• CTRP Package 2+: Sin Taxes for Universal Health Care 1-page briefer
• CTRP Package 2: Corporate income tax and incentives reform act 1-page briefer
• Republic Act No. 11346 (Tobacco Tax Law 2019)
• House Bill No. 8618 (Package 2+: Mining taxes)
• House Bill No. 8645 (Package 4: Passive income and financial taxes)
• House Bill No. 8083 (Package 2: Corporate income tax and incentives)
• Republic Act No. 10963 (Tax Reform for Acceleration and Inclusion or TRAIN Law)
• Republic Act No. 11213 (Tax Amnesty Act)
• Act: Direct Veto of the President to RA 11213 (Tax Amnesty Act)
• Regulations: Revenue Regulations No. 2-2019: Rules and Regulations Implementing the Imposition of Excise Tax on Non-Essential Services Introduced by RA 10963 (TRAIN Law) (Published in Manila Bulletin on March 21, 2019)
• Regulations: Revenue Regulations No. 25-2018: Regulations Implementing Section 109 (AA) of the National Internal Revenue Code (NIRC) of 1997, as amended, Pursuant to Section 34 of the RA 10963 (TRAIN Law) Providing for Value-Added Tax (VAT) Exemption on the Sale of Drugs and Medicines Prescribed for Diabetes, High Cholesterol and Hypertension (Published in Manila Times on December 28, 2018)
• Regulations: Further amends Section 9 of Revenue Regulations No. 25-2003 relative to the determination by the Department of Energy whether the automobiles subject to Excise Tax exemption are Hybrid or Purely Electric Vehicles pursuant to the provisions of RA 10963 (TRAIN Law) (Published in Manila Bulletin on November 30, 2018)
• Regulations: Prescribes the Regulations implementing the Value-Added Tax (VAT) provisions under RA No. 10963 (TRAIN Law), which further amends RR No. 16-2005 (Consolidated VAT Regulations of 2005), as amended (Published in Manila Bulletin on March 19, 2018)
• Regulations: Consolidates Revenue Regulations on Estate Tax and Donor’s Tax incorporating the amendments introduced by RA 10963 (TRAIN Law) (Published in Manila Bulletin on March 19, 2018)
• Regulations: Prescribes the rules and regulations implementing the increase in the Stock Transfer Tax pursuant to RA 10963 (TRAIN Law) (Published in Manila Bulletin on February 28, 2018)
• Regulations: Provides the rules and regulations implementing the Documentary Stamp Tax rate adjustment under RA 10963 (TRAIN Law) (Published in Manila Bulletin on January 18, 2018)
• Regulations: Implements the adjustment of rates on Excise Tax on Automobiles pursuant to the provisions of RA 10963 (TRAIN Law), amending for the purpose Revenue Regulations No. 25-2003 (Published in Manila Bulletin on January 18, 2018)
• Regulations: Provides the revised tax rates on Tobacco Products pursuant to the provisions of RA 10963 (TRAIN Law), amending for the purpose Revenue Regulations No. 17-2012 (Published in Manila Bulletin on January 18, 2018)
• Regulations: Provides the revised tax rates on Mineral Products pursuant to the provisions of RA 10963 (TRAIN Law), amending for the purpose Revenue Regulations No. 13-94 (Published in Manila Bulletin on January 18, 2018)
• Regulations: Provides the revised tax rates and other implementing guidelines on Petroleum Products pursuant to the provisions of RA 10963 (TRAIN Law) (Published in Manila Bulletin on January 26, 2018)
• Regulations: Implements the amended provisions on Income Tax pursuant to RA 10963 (TRAIN Law) (Published in Manila Bulletin on February 22, 2018)
• Regulations: Amends certain provisions of RR No. 2-98, as amended, to implement further amendments introduced by RA 10963 (TRAIN Law) relative to withholding of Income Tax (Published in Manila Bulletin on March 19, 2018)
• Regulations: Amends the provisions of RR No. 11-2018, particularly Sections 2 and 14 relative to withholding of Income Tax (Published in Manila Bulletin on April 7, 2018)
• Regulations: Amends RR No. 8-2018 particularly on the due date for the updating of registration from VAT to Non-VAT (Published in Manila Bulletin on April 7, 2018)
• Amends RR No. 13-2018, particularly on the use of invoices/receipts of previously registered VAT taxpayers who are now non-VAT taxpayers (Published in Manila Bulletin on August 13, 2018)
• Regulations: Provides the implementing rules and guidelines on the imposition of Excise Tax on sweetened beverages pursuant to the provisions of RA 10963 (TRAIN Law) (Published in Manila Bulletin on August 24, 2018)
• Regulations: Amends certain provisions of RR No. 2-98, as amended, to implement further amendments introduced by RA 10963 (TRAIN Law) relative to withholding of Income Tax (Published in Manila Bulletin on March 19, 2018)
• Regulations: Amends the provisions of RR No. 11-2018, particularly Sections 2 and 14 relative to withholding of Income Tax (Published in Manila Bulletin on April 7, 2018)
• Regulations: Amends RR No. 8-2018 particularly on the due date for the updating of registration from VAT to Non-VAT (Published in Manila Bulletin on April 7, 2018)
• Regulations: Amends RR No. 13-2018, particularly on the use of invoices/receipts of previously registered VAT taxpayers who are now non-VAT taxpayers (Published in Manila Bulletin on August 13, 2018)
• Regulations: Provides the implementing rules and guidelines on the imposition of Excise Tax on sweetened beverages pursuant to the provisions of RA 10963 (TRAIN Law) (Published in Manila Bulletin on August 24, 2018)
• Regulations: Implements Section 249 of the NIRC of 1997, as amended under Section 75 of the TRAIN Law (Published in Manila Bulletin on September 17, 2018)
• Regulations: Amends certain provisions of RR No. 13-2018 to implement the 90-day processing of claim for VAT refund under Section 112 (C) of the Tax Code of 1997, as amended by RA 10963 (TRAIN Law) (Published in Manila Times on January 1, 2019)
• Regulations: Further amends certain provisions of RR No. 2-98, as amended by RR No. 11-2018 which implemented the provisions of RA No. 10963 (TRAIN Law) relative to some changes in the rate of Creditable Withholding Tax on certain income payments (Published in Manila Bulletin on February 11, 2019)
• Regulations: Implements the provisions of Estate Tax Amnesty pursuant to the provisions of Republic Act 11213 (Tax Amnesty Act) (Published in Malaya Business Insight on May 31, 2019)
• Regulations: Implements the rules and regulations of the Tax Amnesty Act, providing for the guidelines on the processing of Tax Amnesty Application on Tax Delinquencies (Published in Malaya Business Insight on April 9, 2019)
• Presentation delivered by Usec. Karl Kendrick Chua: Senate legislative lunch (July 25, 2019)
• Presentation delivered by Usec. Karl Kendrick Chua: Malacañang Weekly Press Briefing (July 24, 2019)
• Presentation delivered by Usec. Karl Kendrick Chua: AIIB in Luxembourg (July 12-13, 2019)
• Presentation delivered by Usec. Karl Kendrick Chua: Sulong Pilipinas (July 1, 2019)
• Digital Transformation Session 3: Christopher Monterola on Digital Transformation
• Digital Transformation Session 3: Dennis Beng Hui on Making Process Work for Everyone – A business process review and reengineering
• Digital Transformation Session 4: Erika Legara on Building Data Science teams
• Digital Transformation Session 4: Jaffar Al Rikabi on Digital Transformation in Tax Administration-Behavioral Design
• Digital Transformation Session 4: Raul Felix Varela on Prerequisites for a successful insight-driven organization (Manila June 2019)
• Digital Transformation Session 3: Caroline Dedolph Cabrera on Digital Agenda 2030
• Digital Transformation Session 3: Making Process Work for Everyone – A business process review and reengineering (handout)
• Digital Transformation Session 2: Robert Bassig on Digital Trends in Tax Admin
• Digital Transformation Session 2: Raul Felix Varela on Trends in tax administration reform (The HR Factor Manila June 2019)
• Digital Transformation Session 2: Norrizal Daldiri on System modernisation in tax administration In Malaysia
• Digital Transformation Session 2: Jae-Jin Kim on e-Tax Administration in Korea
• Digital Transformation Session 1: Shirin Hamid 2019 World Bank Group Workshop BIR
• Digital Transformation Session 1: Henry Aguda on Digital Transformation in Public Policy
• Digital Transformation Session 1: Jonathan Pemberton on Tax and DE (June 19)
• January 2019 trends in contribution to inflation
• DOF December update on TRAIN inflation and mitigating measures
• November 2018 trends in contribution to inflation
• DOF November update on TRAIN inflation and mitigating measures
• November 2018 inflation and TRAIN Q&A
• DOF Analysis of November 2018 inflation
• October 2018 inflation and TRAIN Q&A
• DOF October update on TRAIN inflation and mitigating measures
• DOF Analysis of October 2018 inflation
• September 2018 inflation and TRAIN Q&A
• DOF September update on TRAIN inflation and mitigating measures
• DOF Analysis of September 2018 inflation
• TRAIN Para sa Pagbabago Comics
• DOF July update on TRAIN inflation and mitigating measures
• DOF Inflation Report for June 2018 (as of July 13, 2018)
• DOF June update on TRAIN inflation and mitigating measure
• Fiscal and Inflation Updates (as of June 12, 2018)
• DOF Inflation Report for April 2018
• Public Support for Tax Reform as of 15 May 2017
• Personal income tax technical presentation as of 17 Aug 2017
• Automobile excise technical presentation as of 14 Aug 2017
• Oil excise technical presentation as of 10 Aug 2017
• VAT presentation as of 13 Sept 2017
• Sugar-sweetened beverage (SSB) tax presentation as of 30 Aug 2017
• SB 1979 (Mining)
• Maximizing Sin Tax Revenues for Health
• TRAIN Package 2 DOF Proposal
• Former Secretaries of Finance, signed statement of support for Package 2
• DOF Package 2 presentation as of 24Jul2018
• SB 1906 (TRABAHO)
• HB 7974 (TIMTA)
• SB 1701 (TIMTA)
• HB 8083 (TRABAHO)
• Usec. Karl Chua’s Senate speech presentation for Package 2 of CTRP
• Usec. Karl Chua’s Senate speech on Package 2 of CTRP
• DOF Package 2+CBA – simplified version as of 2October2018
• Cost benefit analysis – long version as of Oct 15
• Methodology for Tax Reform Package 1 estimates (Automobile)
• Methodology for Tax Reform Package 1 estimates (Donor/Estate)
• Methodology for Tax Reform Package 1 estimates (Petroleum) as of July 21
• Methodology for Tax Reform Package 1 estimates (Personal income tax) as of July 18
• Methodology for Tax Reform Package 1 estimates (SSB)
• Methodology for Tax Reform Package 1 estimates (VAT)
• Methodology for Tax Reform Package 1 (Welfare impact analysis) as of July 18
• Methodology for Tax Reform Package 1 (Macroeconomic impact analysis)
• Public Support for Tax Reform as of 15 May 2017
• Senate Bill (SB) No. 1408 – Tax Reform
• Personal income tax technical presentation as of 17 Aug 2017
• Automobile excise technical presentation as of 14 Aug 2017
• Impact on the economy presentation as of 17 Aug 2017
• Oil excise technical presentation as of 10 Aug 2017
• VAT presentation as of 13 Sept 2017
• Sugar-sweetened beverage (SSB) tax presentation as of 30 Aug 2017
• Tax Myths – Infographics
• Tax 101 – Infographics
• Republic Act 10963 – PRRD Veto Message
• Presentation: TRAIN Package 1 PPT
• TRAIN Info Magazine
• TRAIN English Primer
• TRAIN Filipino Primer
• Presentation: TRAIN Simple PPT
• 1 with the 99 NEDA presentation as of July 5
• 1 with the 99 DPWH presentation as of July 5
• 1 with the 99 DOTr DuterteNomics presentation as of July 5
• 1 with the 99 DOTr PUVM presentation as of July 5
• 1 with the 99 DEPED presentation as of July 5
• 1 with the 99 DBM presentation as of July 5
• 1 with the 99 DOF SCGD Welcome Remarks presentation as of July 5
• 1 with the 99 DOF Tax Admin presentation as of July 5
• CTRP Primer FILIPINO
• April-2018-Inflation-Report-as-of-May-22-2018
• Maximizing Sin Tax Revenues for Health
• Analysis of May 2018 inflation (as of June 12, 2018)
• Maximizing Sin Tax Revenues for Health
• CTRP Package 3 proposed reform
• Presentation: CTRP Package 3 Basics
• Presentation: Comprehensive Tax Reform Program (as of Nov 8 2018)
• January 2019 inflation and TRAIN Q&A
• Buwis Para sa Pagbabago: TRAIN Comics
• Analysis of January 2019 inflation
• December 2018 trends in contribution to inflation
• December 2018 inflation PPT
• December 2018 inflation and TRAIN QA
• Analysis of December 2018 inflation
• DOF Analysis of November 2018 inflation
• Cost benefit analysis – simplified version as of Oct 15
• Analysis of October 2018 inflation
• DOF Analysis of September 2018 inflation
• Tax reform SSB presentation as of August 30
• Tax reform VAT presentation as of September 13
• DOF August update on TRAIN inflation and mitigating measures
• DOF Analysis of August 2018 inflation
• DOF Analysis of July 2018 inflation
• 1 with the 99 DOF TRAIN presentation as of July 5
• Analysis of March 2018 Inflation for Public
• DOF Inflation Report for Febuary 2018 (as of March 1, 2018)
• Automobile Excise Technical as of 14 Aug 2017

FREQUENTLY ASKED QUESTIONS

• What other property tax reforms can be considered to support the Valuation Reform Act? Subject to further study and consultation, the following may be considered to supplement land valuation reform:
• What are the possible impact of this valuation reform on the Socialized Housing (SH) Program and Comprehensive Agrarian Reform Program (CARP)?
• What are the government agencies doing or requiring property valuations that could benefit from the Valuation Reform Act?
• What is the revenue impact of the Valuation Reform Act?
• What are the benefits of the reform?
• What happens when there is a delay in the review, approval and implementation of the SMV?
• Will the BIR continue to set the BIR zonal values?
• Will the actual valuation be done by the DOF or BLGF?
• Which agency shall be responsible for the administration of real property valuations in the country?
• When should SMVs be updated?
• How outdated are government valuations?
• How will the Proposed Valuation Reform Act impact on taxpayers?
• What will be the uses of approved SMVs?
• What are the objectives of Valuation Reform Act?
• What are the salient features of the valuation reform?
• What is the Schedule of Market Values (SMV)?
• Why should SMVs be revised/revalued?
• What is the difference between the current SMV from the proposal under the Valuation Reform Act?

BILLS

• Republic Act No. 11534 (CREATE veto message)
• Republic Act No. 11534 (CREATE Law)
• House Bill No. 4664: Real property valuation (18th Congress)
• Veto Message of President Rodrigo Roa Duterte to the House of Representatives on Republic Act No. 11467
• Veto Message of President Rodrigo Roa Duterte to the Senate on Republic Act No. 11467
• RA 11467 (Increase excise taxes on alcohol and e-cigarettes)
• House Committee Report No. 21: Real Property Valuation Reform (18th Congress)
• House Bill No. 304: PIFITA (18th Congress)
• House Bill No. 1026: Sin taxes (18th Congress)
• House Bill No. 4157: CITIRA (18th Congress)
• Republic Act No. 11346 (Tobacco Tax Law 2019)
• Implements the rules and regulations of the Tax Amnesty Act, providing for the guidelines on the processing of Tax Amnesty Application on Tax Delinquencies (Published in Malaya Business Insight on April 9, 2019)
• Implements the provisions of Estate Tax Amnesty pursuant to the provisions of Republic Act 11213 (Tax Amnesty Act) (Published in Malaya Business Insight on May 31, 2019)
• Further amends certain provisions of RR No. 2-98, as amended by RR No. 11-2018 which implemented the provisions of RA No. 10963 (TRAIN Law) relative to some changes in the rate of Creditable Withholding Tax on certain income payments (Published in Manila Bulletin on February 11, 2019)
• Amends certain provisions of RR No. 13-2018 to implement the 90-day processing of claim for VAT refund under Section 112 (C) of the Tax Code of 1997, as amended by RA 10963 (TRAIN Law) (Published in Manila Times on January 1, 2019)
• Implements Section 249 of the NIRC of 1997, as amended under Section 75 of the TRAIN Law (Published in Manila Bulletin on September 17, 2018)
• Provides the implementing rules and guidelines on the imposition of Excise Tax on sweetened beverages pursuant to the provisions of RA 10963 (TRAIN Law) (Published in Manila Bulletin on August 24, 2018)
• Amends RR No. 13-2018, particularly on the use of invoices/receipts of previously registered VAT taxpayers who are now non-VAT taxpayers (Published in Manila Bulletin on August 13, 2018)
• Amends RR No. 8-2018 particularly on the due date for the updating of registration from VAT to Non-VAT (Published in Manila Bulletin on April 7, 2018)
• Amends the provisions of RR No. 11-2018, particularly Sections 2 and 14 relative to withholding of Income Tax (Published in Manila Bulletin on April 7, 2018)
• Amends certain provisions of RR No. 2-98, as amended, to implement further amendments introduced by RA 10963 (TRAIN Law) relative to withholding of Income Tax (Published in Manila Bulletin on March 19, 2018)
• Implements the amended provisions on Income Tax pursuant to RA 10963 (TRAIN Law) (Published in Manila Bulletin on February 22, 2018)
• Provides the revised tax rates and other implementing guidelines on Petroleum Products pursuant to the provisions of RA 10963 (TRAIN Law) (Published in Manila Bulletin on January 26, 2018)
• Provides the revised tax rates on Mineral Products pursuant to the provisions of RA 10963 (TRAIN Law), amending for the purpose Revenue Regulations No. 13-94 (Published in Manila Bulletin on January 18, 2018)
• Provides the revised tax rates on Tobacco Products pursuant to the provisions of RA 10963 (TRAIN Law), amending for the purpose Revenue Regulations No. 17-2012 (Published in Manila Bulletin on January 18, 2018)
• Implements the adjustment of rates on Excise Tax on Automobiles pursuant to the provisions of RA 10963 (TRAIN Law), amending for the purpose Revenue Regulations No. 25-2003 (Published in Manila Bulletin on January 18, 2018)
• Provides the rules and regulations implementing the Documentary Stamp Tax rate adjustment under RA 10963 (TRAIN Law) (Published in Manila Bulletin on January 18, 2018)
• Prescribes the rules and regulations implementing the increase in the Stock Transfer Tax pursuant to RA 10963 (TRAIN Law) (Published in Manila Bulletin on February 28, 2018)
• Consolidates Revenue Regulations on Estate Tax and Donor’s Tax incorporating the amendments introduced by RA 10963 (TRAIN Law) (Published in Manila Bulletin on March 19, 2018)
• Prescribes the Regulations implementing the Value-Added Tax (VAT) provisions under RA No. 10963 (TRAIN Law), which further amends RR No. 16-2005 (Consolidated VAT Regulations of 2005), as amended (Published in Manila Bulletin on March 19, 2018)
• Further amends Section 9 of Revenue Regulations No. 25-2003 relative to the determination by the Department of Energy whether the automobiles subject to Excise Tax exemption are Hybrid or Purely Electric Vehicles pursuant to the provisions of RA 10963 (TRAIN Law) (Published in Manila Bulletin on November 30, 2018)
• Revenue Regulations No. 25-2018: Regulations Implementing Section 109 (AA) of the National Internal Revenue Code (NIRC) of 1997, as amended, Pursuant to Section 34 of the RA 10963 (TRAIN Law) Providing for Value-Added Tax (VAT) Exemption on the Sale of Drugs and Medicines Prescribed for Diabetes, High Cholesterol and Hypertension (Published in Manila Times on December 28, 2018)
• Revenue Regulations No. 2-2019: Rules and Regulations Implementing the Imposition of Excise Tax on Non-Essential Services Introduced by RA 10963 (TRAIN Law) (Published in Manila Bulletin on March 21, 2019)
• Direct Veto of the President to RA 11213 (Tax Amnesty Act)
• Republic Act No. 11213 (Tax Amnesty Act)
• Republic Act No. 10963 (Tax Reform for Acceleration and Inclusion or TRAIN Law)
• House Bill No. 8083: TRABAHO bill (17th Congress)
• House Bill No. 8645: Package 4 or Passive income and financial taxes (17th Congress)
• House Bill No. 8618 (Package 2+: Mining taxes)

INFORGRAPHICS

• Benefits of Package 4 (Passive Income and Financial Intermediary Taxes) of the Comprehensive Tax Reform Program
• Benefits of Package 3 (Property Valuation Reform) of the Comprehensive Tax Reform Program
• Benefits of Package 2 plus (Sin Taxes) of the Comprehensive Tax Reform Program
• Benefits of Package 2 (Corporate Income Tax and Incentives) of the Comprehensive Tax Reform Program
• Benefits of Package 1B (Tax Amnesty) of the Comprehensive Tax Reform Program
• ENDGAME of combatting the harmful effects of smoking by passing the bill increasing the excise tax of cigarettes.
• Filipino taxpayers reaped P111.7 billion in personal income tax cuts in 2018 with the implementation of the TRAIN Law!
• Anong rate ang dapat ipasa ng Kongreso sa panukalang pagtaas ng excise taxes sa sigarilyo?
• Tax Myths
• Tax 101

NEWS AND EVENTS

• FIRB approves tax perks for Project Agila, supports Hanjin shipyard rehabilitation
• Dominguez says DOF successes on Duterte watch result of predecessors’ good work, policy continuity
• Dominguez thanks DOF family for commitment in working on reforms to prep PHL for new economy
• FIRB says WFH setup for incentivized IT-BPM enterprises was temporary measure at height of pandemic
• FIRB to look into regulating fees collected by IPAs
• Duterte admin personal-income tax effort average of 2.4 pct highest since 1986
• FIRB upholds non-extension of WFH scheme for IT-BPM enterprises, moratorium on new ecozones in Metro Manila
• [BICOLANO TRANSLATION] The next president will inherit significant economic reforms
• [CEBUANO TRANSLATION] The next president will inherit significant economic reforms
• [TAGALOG TRANSLATION] The next president will inherit significant economic reforms
• [ILOKANO TRANSLATION] The next president will inherit significant economic reforms
• IPAs point to COVID-19, high costs of doing business, and foreign equity restrictions as among barriers to investments in the Philippines
• FIRB approves tax incentives for Mindanao-based cement company
• DOF hopeful on Congress OK of remaining tax reform packages
• Dominguez prods DOLE to go digital to speed up assistance to workers
• Dominguez urges foreign businessmen to invest in Philippines’ ‘game-changing’ initiatives to sustain strong recovery amid pandemic
• Duterte admin ready to assist next presidency on 4 economic stability issues during transition
• Dominguez urges Japanese businesses to invest in PHL ‘brightening’ economic prospects
• FIRB upholds Resolution 19-21 and denies PEZA request to exempt its registered IT-BPM enterprises from the rules on WFH arrangements
• FIRB approves tax incentives for railway operations of subway project in Makati
• FIRB grants work-from-home authorization for IT-BPM companies in ecozones
• Dominguez sees bright PHL economic prospects amid Gov’t pandemic recovery support for businesses
• Duterte admin’s reforms to pave way to innovation, robust growth of real estate sector, says Dominguez
• FIRB okays tax breaks, other incentives for 3 investment projects worth P29-B
• Dominguez cites tax reform as among key achievements of Duterte administration
• DOF, DTI sign CREATE IRR ahead of the 90-day deadline
• PHL gets highest rating among ASEAN countries in global study on cigarette tax policy performance
• Dominguez calls for early meeting of new FIRB under CREATE
• Dominguez thanks President Duterte, Congress for timely enactment of CREATE Law
• Dominguez hopeful on passage of CREATE bill before yearend
• Dominguez tells American investors PHL is back in business
• Gov’t bent on building better, post-COVID economy amid foreseen strong 2021 recovery from pandemic
• CREATE, FIST to address top concerns of Covid-hit businesses–DOF
• DOF thanks Congress for Bayanihan 2 passage, seeks support on remaining economic recovery bills
• DOF welcomes DOLE-commissioned study showing CREATE bill will generate jobs, lower poverty incidence
• Economic managers propose 4 legislative ‘imperatives’ to ensure strong, sustainable, resilient PHL recovery
• Former gov’t execs, experts push Congress OK of CREATE bill
• PCCI head says CREATE to give PHL ‘fighting chance’ in attracting more investments
• Business groups urge Congress to pass CREATE bill next week
• Economic team asks business sector to help convince Congress to pass CREATE bill
• Dominguez: Now is the best time to pass ‘recalibrated’ corporate tax reform
• DOF wants to tailor-fit tax, non-tax incentives to attract right kind of investors under ‘new normal’
• Dominguez urges Senate to include stimulus measures in calibrated corporate tax reform bill
• Dominguez: Building on strong economic fundamentals will let PHL recover next year from COVID-19 crisis
• Gov’t banks on fundamental reforms, recovery measures to revive economy
• Dominguez proposes 5 priority measures to restart economy
• Dominguez thanks Congress for preparing Government for COVID crisis with TRAIN, 2020 budget approval
• ‘Sin’ tax collections almost double to P269.1-B in 2019
• DOF welcomes Senate version of CITIRA, thanks tax panel for keeping reform principles
• CITIRA draws on best tax incentive systems in other Asean economies
• Gov’t on track to reduce poverty rate to 14% or lower by 2022—Dominguez
• DOF says FIRB to promote good governance, enhance grant of tax incentives to firms
• E-cigarette manufacturer backs ‘sin’ tax reform
• Dominguez optimistic on passage of remaining CTRP packages this year
• CTRP packages gain headway in Congress, says DOF
• Filipinos start benefiting from Build, Build, Build
• PIFITA deepens PH capital markets
• Real property valuation reform ushers speedy infra developments
• SMEs welcome CITIRA
• Congress approves increased excise taxes on alcohol and e-cigarettes
• Philippines on track to eradicate extreme poverty by 2040
• 2019 a year of achievements for DOF, says Dominguez
• TRAIN revenues exceed January-September estimates — DOF
• DOF thanks Congress for ratifying bill on tax hikes for alcohol, e-cigarettes
• Pinoys aim to unlock long-term financial security with PIFITA
• Real property valuation reform to speed up infra lift Phl economy
• Pinoy youth groups back sin tax
• CITIRA: Leveling the playing field, creating opportunities for SMEs
• Boost in PHL competitiveness sought: Former Finance chiefs support tax reform
• Priming the economy with Build, Build, Build
• Capital markets, insurance sector to get boost from Package 4
• How the real property valuation reform can benefit Filipinos
• Closing the health care funding gap via sin taxes
• SMEs expected to boom with passing of CITIRA
• Former finance chiefs support game-changing reforms to boost PH competitiveness
• DOF welcomes House OK of Real Property Valuation Reform bill
• Dominguez: No turning back on PHL reform agenda for sustained rapid, inclusive growth
• Record spending on human capital to let young Filipinos reap demographic dividend, says Dominguez
• DOF: No conflict between sin tax revenue and health goals
• DOF thanks Cayetano, Salceda for ‘unified’ position on higher vapes tax
• WHO hails PHL as global “forerunner” in taxing ‘sin’ products to promote health
• DOF supports Sen. Cayetano call for higher alcohol taxes
• Dominguez open to proposed sovereign wealth tax on mining
• Gov’t to continue ‘barrage of reforms’ to boost growth
• DOF, BSP making joint push for lifting of bank secrecy in tax amnesty bill
• CITIRA to let PHL truly prioritize key industries, areas–DOF
• DOF maintains CITIRA to create 1.5 million jobs
• DOF unfazed in pushing for CITIRA despite PEZA fallacies
• DOF thanks Sen. Cayetano for sponsoring bill on higher ‘sin’ taxes for alcohol, e-cigarettes
• Former DOF secretaries, eminent economists join top legislators in seeking urgent passage of remaining tax reform packages
• Surge in FDI pledges proves investors not scared of CITIRA—DOF
• ASEAN members cite TRAIN’s sweetened beverage tax as successful policy—DOF
• Dominguez wants review of fiscal incentives once every two years–like MICC mining audits
• CTRP to ensure revenues for PHL economic modernization
• Econ managers seek closer partnership with Congress on PRRD priority bills
• Firms to get superior incentives, extra deductions under proposed corporate tax reform bill
• DOF debunks PEZA claim on its alleged P10-trillion contribution to economy
• Dominguez cites Salceda panel for swift approval of CITIRA bill
• DOF debunks Petron’s claim of income drop due to TRAIN
• Dominguez lauds 2nd reading approval of bill increasing taxes on alcohol, e-cigs
• PHL granted P1.12 trillion tax incentives to favored firms in 2015-2017
• Dominguez lauds BIR for helping President Duterte attain promise of real change for all Filipinos
• DOF to focus on congressional OK of higher taxes on alcohol, e-cigarettes for UHC program
• New tobacco tax reform law to ensure expanded healthcare for poor families
• Dominguez urges Congress to pass remaining CTRP bills, higher excise taxes on alcohol, e-cigarettes before year-end
• Business community backs tax program, other measures in Congress to attract FDIs
• MICC to conduct 2nd round of audit of mining firms in July
• Steps to develop human capital, attract FDIs top proposals in 2019’s 1st Sulong Pilipinas
• PRRD has kept 2016 promise of real change
• World Bank exec lauds PHL’s ‘proactive, forward-looking’ tax reform program
• DOF thanks Congress for approving ‘sin’ tax reform bill
• LGUs losing P30.5-B revenues to outdated real property valuation
• Non-passage of new sin taxes to make UHC ‘a third-class’ law
• Civil society groups join clamor for higher ‘sin’ taxes
• DOF appeals anew to senators for passage of new ‘sin’ tax hike
• PIDS papers commit ‘sins of omission’ in ignoring TRAIN impact on infra, households
• DOF, DOH to make final push for Congress OK of higher ‘sin’ taxes on tobacco, alcohol
• Pacman vs Yosi Kadiri in fight for Universal Health Care
• TRAIN, rice tariffication are game-changers, says Dominguez
• Taxpayers reap P111.7-B cash windfall from hefty income tax cuts–DOF
• DOF to urge Congress to pass higher tobacco tax rates to further discourage smoking, raise more healthcare funds
• Over 1,000 entrepreneurs take part in ‘Sulong’ regional forums
• DOF tells Malacañang most MSMEs support corporate tax reform
• Dominguez to US businesses: Now is best time to invest in ‘Asia’s next powerhouse’
• DOF to BIR: Check excise tax payments of beverage makers
• Alcohol tax hike to raise P237-B in revenues over 5-year period
• TRAIN boosts Filipino consumers’ spending power, says Dominguez
• Smoking prevalence to go down 17% with higher cigarette tax of P60
• PRRD econ team takes decisive steps vs inflation in 2018
• YEARENDER DOF ensures funding for ‘Build, Build, Build’ projects
• Over 100 medicine brands for treatment of diabetes, hypertension, high cholesterol now cheaper under TRAIN Law
• DOF to BIR: Check excise tax payments of beverage makers
• PRRD econ team takes decisive steps vs inflation in 2018
• Corporate tax reform to create 1.4 M jobs over the next 10 years
• FEF backs property valuation reforms
• 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 funds
• 4 regional ‘Sulong’ forums generate ‘Top 10′ proposals
• Regional ‘Sulong’ forums underscore private sector’s role in sustaining growth
• P571-B infra spending in 1st 9 months shows much better absorptive capacity
• Duterte admin delivers on 1st ‘Sulong’ recommendations
• Last leg of ‘Sulong’ 2018 SME workshops to be held in Clark, Davao
• Visayas and Luzon SMEs back lower corporate income tax, EODB reforms
• DOF asks PEZA why it favors subsidizing corporate giants at the expense of Filipino taxpayers and 90,000 SMEs
• DOF says economic headwinds won’t hamper growth momentum
• Corporate tax reform offers better, more attractive incentives–DOF
• DOLE backs job-generating corporate and fiscal incentives reform bill
• PHL strong enough to “weather” eco storms—Dominguez
• Eligible investors to continue enjoying incentives under TRABAHO bill
• Gov’t seeks end to indiscriminate grant of costly fiscal incentives
• DOF wants public listing of favored firms receiving tax perks
• DOF hopeful Congress will consider long-term benefits of tax reform
• DOF thanks Congress for approving first tax reform package
• Favored firms got P86-B in income tax perks, but declared P142-B in dividends in 2015
• Corporate Income Tax Reform Bill to create 1.4-M jobs
• DOF says PHL possibly losing P43-B yearly to corporate abuse of transfer pricing schemes
• Book imports, purchases to remain tax-exempt
• Economist-lawmaker lauds first 2 tax reform packages
• DOF thanks House for final OK of corporate tax reform bill
• Eco, infra managers to brief financial community on PHL outlook
• TRAIN’s P181-B revenues to help raise P3.2-T in 2019
• Gov’t lost P178.5-B to tax incentives given to only around 3,000 firms in 2016
• Gov’t lost P301-B in tax incentives for only 3,000 firms in 2015 alone—DOF
• Eminent Economists urge Congress to pass corporate tax reform bill
• DOF seeks support of top economists in improving corporate taxation
• SMEs get multibillion-peso tax breaks under TRAIN
• Salceda: TRAIN ‘skillfully crafted’ to tax rich more while protecting poor
• TRAIN putting more money into the hands of consumers to make up for the slight increase in prices—DOF
• Filipinos reaping benefits of PRRD eco reforms, says DOF exec
• Dominguez: Tax reform, infra buildup to revolutionize PHL eco development
• Dominguez optimistic on 7% GDP growth
• Duterte admin to maintain fiscal discipline as it sustains aggressive infra spending—DOF
• SSS, other agencies back corporate tax reform
• Eco reform advocacy group backs corporate tax reform
• Social mitigation measures in place vs inflation
• ID system, rice tariffs to complement TRAIN’s social mitigation measures
• Higher domestic demand drives up inflation as Filipinos have P32 billion more to spend monthly
• Gov’t has measures to ease impact of global oil prices, says DOF
• TRAIN not to blame for inflation
• More private sector groups support corporate tax reform
• Dominguez seeks congressional OK of 2nd tax reform package
• Former DOF chiefs back reforms in corporate taxation, modernization of investors’ incentives
• Inflation manageable with TRAIN, says DOF chief economist
• Hybrid PPP ensures private sector role in infra buildup
• EU ambassadors back 10-point socioeconomic agenda, express willingness to invest in PHL
• Suspending TRAIN will derail infra, social protection programs—DOF
• Senator says PHL starting to reap fruits of TRAIN, “Build, Build, Build”
• Ex-DOF chief backs corporate tax reform
• DOF asserts legality of TRAIN Package 2
• Dominguez cites adept fiscal management, TRAIN as DOF achievements
• TRAIN Package 2 aims to boost pro-poor investments, create jobs
• Business leaders back corporate tax reform
• DOF welcomes filing in Congress of corporate tax reform bill
• Taxpayers have P10-B cash bonanza per month under TRAIN
• Corporate tax reform to level playing field, make system fairer & more accountable–DOF
• 7.4 million households to receive unconditional cash transfers in 1st quarter
• TRAIN to eventually rescue 21-M Filipinos from poverty
• TRAIN removes oppressive rates for delinquent tax payments
• DOF cites better collection of tobacco excise taxes with TRAIN
• Employees see cash bonanza with higher take-home pay under TRAIN
• Individuals earning above P250K also getting bigger take-home pay under TRAIN
• DOF fine-tuning CTRP Package 2 Plus to ensure ‘solid, well-consulted bill’
• DOF seeks overhaul of corporate tax system to correct inequities, improve compliance
• Dominguez cites broad reform coalition, past gov’t initiatives for TRAIN success
• Over 6-M compensation earners to enjoy zero tax starting January
• Reforms needed to end “policy overload” in fiscal incentives system for corporations
• DOF submits CTRP Package 2 to Congress
• Dominguez says inclusive growth goal now achievable with TRAIN
• 10-M poor households to benefit from TRAIN
• Fiscal incentives pull down corporate income tax collection rate
• YEARENDER: TRAIN, infra program herald even better year for PHL economy
• DOF to submit CTRP’s Package 2 to Congress this month
• BIR assures DOF of streamlined documentary requirements for MSMEs
• THE TAX REFORM FOR ACCELERATION AND INCLUSION (TRAIN) ACT.
• Non-taxpayers to benefit from new tax reform law
• TRAIN is Duterte admin’s “best Xmas and New Year’s gift” to Filipino people, says Dominguez
• Duterte orders DOF to ensure TRAIN’s effective implementation
• DOF thanks Congress for ratifying TRAIN
• NEDA exec says tax reform to create 500,000 jobs
• Personal income tax rates in TRAIN aligned with ASEAN practices—NTRC
• Foreign business leaders back TRAIN
• PNP backs tax reform bill
• Former finance, NEDA chiefs support DOF tax plan
• Dominguez thanks Senate for passing its TRAIN version
• DOF expects fuel marking system in place by 2nd semester 2018
• Former DOF execs ask Senate to preserve TRAIN’s original revenue goal
• AmCham joins biz community support for tax reform
• TRAIN needed for PHL to join elite club of high-income economies
• DOF hopeful on TRAIN implementation by January 1 next year
• TRAIN to benefit 99 percent of Filipino families
• DOF thanks Angara committee for endorsing TRAIN for Senate OK
• JAZA lauds Duterte admin for ‘boldness’ in infra, tax reform
• P30B additional oil excise tax collections to go to 2018 social benefits programs
• Non-taxpayers to also benefit from TRAIN
• PPSTA head backs TRAIN
• Tax reform needed to fully implement ‘Build, Build, Build’ program
• Miss Earth Philippines backs fuel tax hike
• More pro-health groups back fuel excise tax adjustments in TRAIN
• DOF seeks FPI’s support behind tax reform
• The country’s governors, councilors support TRAIN
• First 250K income of compensation earners exempted from tax under TRAIN
• DOF expresses hope over Senate’s speedy passage of tax reform
• IC backs insurance sector-friendly TRAIN
• Automotive industry to benefit from TRAIN
• Medical specialist backs SSB tax
• Dominguez: BIR, BOC pursuing reforms to plug tax leakages, increase revenues
• Pro-poor SSB tax gains wider support
• BPOs to continue high growth under tax reform
• TRAIN to end ‘unjust taxation’, shift tax burden to the rich
• DOF to hold tax reform awareness forum this week
• Ex-NEDA chief says slight, temporary inflation hike under tax reform won’t hurt low-income earners
• Mass-market cars to remain affordable despite higher excise taxes under TRAIN
• More execs back TRAIN
• LGU accountants, gov’t workers back tax reform
• BIR can collect extra P433-B from tax policy, administration reforms
• DOF to hold tax reform awareness forum
• Pro-health groups back tax reform bill
• Effects of revenue measures in tax reform ‘muted’
• AER says retained VAT exemptions ‘extremely unfair’ to small coops, entrepreneurs
• Some 6 million or 83% of Filipinos exempted from personal income tax under TRAIN
• Tax Reform vital to ‘Golden Age” of PHL Infrastructure
• NTRC, TMAP back CTRP cuts in property transfer taxes
• Progressive auto tax plan won’t affect industry growth
• Expert lauds fuel marking plan in tax reform bill
• DOF thanks House for final OK of TRAIN bill
• Clean Air Asia backs DOF tax reforms
• Ex-President GMA urges Congress to pass tax reforms as one package
• BPO leader backs tax reform
• PRRD certifies tax reform bill as urgent
• Fuel marking to plug P27-B annual losses from oil smuggling, says DOF exec
• Removal of VAT exemption for property developers to still benefit low-income renters, house buyers
• VAT exemptions for cooperatives unfair to 100 million taxpayers
• Netizens back tax reform
• SSC says CTRP to spur growth, create jobs
• DepEd, DOH, DBM execs urge Congress to pass ‘pro-poor’ tax reform bill
• 102 congressional reps back tax reform bill
• NGOs urge Congress to ‘swiftly’ pass tax reform bill
• Gov’t losing P91 B yearly from VAT exemptions
• Gov’t to hold Luzon-wide dialogue on tax reform tomorrow
• DOF welcomes final House committee approval of pro-poor tax reform bill
• TUCP, FINEX lead groups for DOF income tax reforms
• Gov’t losing P145-B in foregone revenues from non-adjustment of fuel excise taxes
• Income tax cuts sans new revenue measures anti-poor, fiscally unsustainable–DOF
• DOF lauds “substantial progress” in CTRP bill in Congress
• CTRP ‘cornerstone’ of infra buildup funding
• DOF underscores consensus-building in crafting tax reform package
• Taxpayers earning P21,000 monthly and below to pay zero tax under revised CTRP Package One
• Ex-finance chief urges swift passage of tax reform package
• Tax reform ‘key link” to PHL breakout from low-growth cycle
• DOF facing tough task of cutting income taxes, raising more funds for inclusive growth agenda
• CTRP to ensure vibrant future for next generations of Filipinos
• SP Pimentel gives full support to CTRP bill
• Phoenix Petroleum to pre-pay 2017 taxes in support of CTRP
• Ex-President GMA urges Congress to pass tax reforms as one package
• Clean Air Asia backs DOF tax reforms
• ‘Ambitious’ CTRP wins support in Congress
• DOF welcomes House panel move to “approve in principle” tax reform package
• Veteran solon declares DOF’s CTRP as “best-studied tax reform bill”
• Tax reform “key link” to redeeming PHL future—Dominguez
• Cabinet execs bat for speedy passage of DOF’s CTRP in Congress
• Cabinet officials pitch support for CTRP before Congress
• Civil society coalition backs auto tax hike plan
• Veteran solon declares DOF’s CTRP as “best-studied tax reform bill”
• Various groups back DOF call for lower estate tax, one-time amnesty
• CTRP to exempt 4.6-M Filipinos from income taxation
• Hotel owners group chief backs tax reforms
• ADB backs DOF’s ‘progressive’ excise tax reforms
• Dominguez optimistic on CTRP approval by Congress
• Auto tax reform won’t hurt car industry’s robust growth–Dominguez
• Ex-PM Virata impressed with wide support by ex-finance officials for DOF tax reforms
• Gokongwei backs DOF tax reform plan
• Tax reform to create buffer vs global protectionism wave
• Senior citizen backs tax reform plan
• Local, foreign biz groups urge Congress to pass CTRP, 11 other measures
• PRRD fully supportive of tax reform, says Dominguez
• CTRP is “progressive” as it will shift tax burden to rich, provide subsidies to poor families—DOF
• Ex-DOF chief, sectoral leaders back CTRP diesel tax
• DOF welcomes criticisms but challenges critics to present fairer tax plan – Alvarez
• Tax reform to close infra gap, make PHL more competitive
• Fuel tax adjustments in CTRP to stop subsidizing rich, says DOF
• No taxes, no infra
• House bill to pave way to “progressive,” pro-poor new tax system
• Angara informs DOF of Senate’s Sin Tax Law review
• Tax reforms to net P206.8-B in 1st year of implementation
• Improvements in BIR, BOC in place as part of tax reform measures
• Tax reform to fund infra buildup and spur growth above 6 percent
• Fuel tax adjustments to have minimal impact on poor, low-income groups — DOF
• Gov’t losing P145-B revenues from non-adjustment of fuel taxes
• Former finance, NEDA chiefs support DOF tax plan
• YEARENDER: DOF crafts “game-changing” tax reform package in 2016