Credit to Author: Javier J. Ismael| Date: Wed, 18 Mar 2020 03:30:44 +0000
SEN. Christopher Lawrence “Bong” Go appealed to the Department of Finance (DoF) and the Bureau of Internal Revenue (BIR), to extend the deadline for the filing of Annual Income Tax Returns (ITRs). Go made the appeal after the BIR released last Monday Revenue Memorandum Circular 25-2020, which states that the “filing shall still be done […]
Read moreCredit to Author: Mayvelin U. Caraballo, TMT| Date: Thu, 27 Feb 2020 16:45:04 +0000
THE Department of Finance (DoF) maintained the country’s fiscal health last year by collecting more taxes and keeping its exposure to the debt market manageable. In its report, the Finance department said its total revenue collection reached P3.14 trillion in 2019, up 10.1 percent from the 2018 figure. Of the total, tax collections reached P2.83 […]
Read moreCredit to Author: Mayvelin U. Caraballo, TMT| Date: Tue, 25 Feb 2020 16:53:10 +0000
EXCISE tax payments of cigarette manufacturers rose last year, accounting for more than half of the government’s total sin tax collections, data from the Department of Finance (DoF) showed. The Bureau of Internal Revenue (BIR) collected P147.5 billion in ‘sin’ taxes from cigarette products in 2019, up 8 percent from the P136.5 billion collected a […]
Read moreCredit to Author: besguerra| Date: Sun, 14 Jul 2019 21:19:00 +0000
CAGAYAN DE ORO CITY, Misamis Oriental — The plan of the Department of Finance (DOF) to organize a special strike team within the Bureau of Customs (BOC) to prevent foreign garbage from being dumped in the Philippines has the support of environmental group EcoWaste Coalition. EcoWaste Coalition national coordinator Aileen Lucero said Finance Secretary Carlos […]
The post BOC team vs foreign trash backed appeared first on Inquirer News.
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Credit to Author: mfrialde| Date: Fri, 31 May 2019 05:23:40 +0000
The congressional bicameral conference committee has approved a bill aiming to boost the powers and functions of the Bataan freeport
The post Bicam OKs bill seeking to boost functions of Bataan freeport appeared first on Inquirer News.
Read moreCredit to Author: The Manila Times| Date: Thu, 23 May 2019 06:26:20 +0000
DOMESTIC borrowings by the national government pushed the country’s debt-to-gross domestic product ratio higher at end-March, the Department of Finance (DoF) reported on Thursday. National government’s debt as a percentage of…READ
The post Local borrowings push debt-to-GDP ratio up appeared first on The Manila Times Online.
Read moreCredit to Author: The Manila Times| Date: Wed, 10 Apr 2019 06:06:47 +0000
NATIONAL government investments surged last year on the back of stringent project evaluations, the Department of Finance (DoF) said. Public investments last year surged to P940.4 billion, equivalent to 5.4…READ
The post Govt investments-to-GDP hits 5.4% in 2018 appeared first on The Manila Times Online.
Read moreCredit to Author: The Manila Times| Date: Tue, 09 Apr 2019 06:07:07 +0000
AMNESTY for delinquent taxpayers will be implemented on April 24 following the publication of implementing rules and regulations (IRR) on Tuesday by the Department of Finance (DoF). Signed by Finance…READ
The post Amnesty for tax delinquents effective on April 24 appeared first on The Manila Times Online.
Read moreCredit to Author: The Manila Times| Date: Sun, 17 Feb 2019 08:04:29 +0000
PRESIDENT Rodrigo Duterte vetoed the general tax amnesty provision under the Tax Amnesty Act because of the absence of measures that would “break the walls of bank secrecy,” Finance Secretary…READ
The post Duterte vetoed tax amnesty over absence of measures to ‘break walls of bank secrecy’–Dominguez appeared first on The Manila Times Online.
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Credit to Author: besguerra| Date: Mon, 14 Jan 2019 21:04:04 +0000
More than 100 medicines for diabetes, high cholesterol and hypertension have become cheaper, thanks to the exemption from the 12-percent value-added tax (VAT) these now enjoy under the Tax Reform for Acceleration and Inclusion (TRAIN) Act, the Department of Finance (DOF) said on Sunday.
The post More than 100 maintenance meds now VAT-free appeared first on Inquirer News.
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