Dole-administered database to track foreign workers’ tax payments sought

07/03/2019

MANILA, Philippines – The government will come up with a single interagency database containing the names and information of all foreign workers in the country in a bid to collect all the personal income taxes due from…

CHED to DOF: Spare free college tuition fund from budget cuts

Inquirer.net 10/18/2018

THE Commission on Higher Education (CHED) on Wednesday said it will ask the Department of Finance (DOF) to spare the free college education program from budget cuts due to the potential reduction of revenues from the impending…

DOF official expects no job loss under Train 2

Inquirer.net 08/22/2018

FINANCE officials are not expecting any loss of jobs under the second package of the government’s new tax reform plan. Cash grants, however, would be put into place as part of a contingency plan if “minimal” or…

Con-com member to Digong: Fire DOF, NEDA chiefs

Inquirer.net 08/09/2018

A MEMBER of the Consultative Committee (Con-com) believes that Finance Secretary Carlos Dominguez and Socioeconomic Planning Secretary Ernesto Pernia should either be “sacked” or be told to “keep their mouth shut” by President Rodrigo Duterte if the…

Investors tax perks from 2015 to 2016 hit P376B – DOF

Inquirer.net 07/19/2018

TAX incentives given away to investors — in turn, foregone revenues for the national government — totaled P376 billion from 2015 to 2016, such that the head of the Duterte administration’s economic team sought more support for…

Inflation hit new over 5-year high of 5.2% in June

Inquirer.net 07/05/2018

  Inflation jumped by 5.2 percent year-on-year in June, a new over five-year high, due to sustained elevated prices of food and “sin” products, the government reported Thursday. In a report, the Philippine Statistics Authority (PSA) said…

DOF says gov’t can’t suspend fuel excise taxes under Train

Inquirer.net 05/23/2018

Contrary to earlier pronouncements that the government can suspend fuel excise taxes when global oil prices reach $80 a barrel, the Department of Finance clarified Wednesday that the Tax Reform for Acceleration and Inclusion (TRAIN) Act only…

DOF pushes staggered, conditional corporate income tax cut

Inquirer.net 05/22/2018

THE Department of Finance (DOF) on Tuesday reiterated its push for a staggered and conditional reduction in corporate income tax rates under the proposed second tax reform package as the government cannot stand to lose more revenues…

DOF: New, improved cigarette tax stamp to be rolled out in January

Inquirer.net 10/11/2017

THE government has pushed back the rollout of new cigarette tax stamps with better security features as well as a new design to January next year. “We are improving it but we will be moving the deadline…

DOF chief: Duterte gov’t to usher in ‘irreversible’ economic achievements

Inquirer.net 08/23/2017

The country’s Finance chief was confident that the economic reforms being introduced by the Duterte administration will bring about “irreversible achievements” that will benefit more Filipinos. “I assure you: this is an exciting economic story, and it…

DOF: Tax reform to shift tax burden to ‘ultra-rich’

Inquirer.net 07/05/2017

THE Duterte administration’s first tax reform package will shift the burden of taxation to the ultra-rich while easing it for the majority of the population, Finance Secretary Carlos G. Dominguez III said Wednesday. “The tax reform agenda…

DOF pushes national ID system

Inquirer.net 06/16/2017

To ensure that only poor families to be impacted by higher prices as a result of comprehensive tax reform will benefit from the proposed subsidies, the government plans to issue national identification (ID) cards to 105 million…

Previous           Next

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.