VAT-free diabetes, hypertension meds starting 2019 — DOF

Credit to Author: mfrialde| Date: Fri, 28 Dec 2018 02:14:39 +0000

MANILA, Philippines — Starting January 1, 2019, Filipinos suffering from diabetes, high cholesterol and hypertension will be able to buy cheaper medicines due to the provision of the tax reform law.

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2nd excise tax hike on fuel products correct, says UP economist

Credit to Author: clopez| Date: Fri, 07 Dec 2018 07:30:40 +0000

Proceeding with the second tranche of the excise tax hike on fuel products mandated under the Tax Reform Acceleration and Inclusion (TRAIN) law was “correct.

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Bayan Muna slams ‘insulting’ P25 wage hike amid 6.7% October inflation

Bayan Muna Rep. Carlos Zarate and the group’s senatorial bet Neri Colmenares denounced on Tuesday the “insulting” P25 wage hike in the National Capital Region (NCR) amid the 6.7 percent October inflation rate in the country. Zarate said the 6.7 percent rate of increase in prices of basic commodities was a “testament” to the Tax […]

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‘Train’ boosts consumer demand – DoF

THE implementation of the first package of tax reform boosted consumer demand, which resulted in increased sales of retail firms and fast food chains, an official of the Department of Finance (DoF) said. “The significant growth in sales reported by retail establishments and restaurants point to the fact that people now have more money to spend […]

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Govt revenue from Train exceeds target in first half of 2018

REVENUE from the first package of tax reform exceeded the government’s target for the first half of the year, Finance Secretary Carlos Dominguez 3rd told legislators on Tuesday. “The Train Law, which you kindly passed, and which was implemented at the start of 2018, contributed P33.7 billion in revenues for the first half of the year […]

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Key bills passed since July 2017: Martial law extension, Train, Bangsamoro

From July 25, 2016 to May 30, 2018, Congress passed a total of 30 laws that are national in scope, according to the data released by the House Press and Public Affairs Bureau on June 6.

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P5,000 fuel subsidy for jeepney drivers not only delayed but too small — Aquino

THE P5,000 fuel subsidy for jeepney drivers affected by the tax reform program is too small and must be increased, Senator Benigno “Bam” Aquino 4th said on Friday. “Atrasado na nga ang tulong, kulang pa ang ibibigay ng gobyerno sa mga tsuper ng pampasaherong jeep,” Aquino said. (The financial aid given by the government to […]

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Bam dares Duterte, Diokno: Go down to communites, see effects of TRAIN law

Senator Bam Aquino on Thursday dared President Rodrigo Duterte and Budget Secretary Benjamin Diokno to go down to communities and see the effects of the Tax Reform for Acceleration and Inclusion (TRAIN) law.

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Economic managers: Suspending TRAIN has less impact vs inflation

Economic managers: Suspending TRAIN has less impact vs inflation

Suspending the Tax Reform Acceleration and Inclusion (TRAIN) law would have a “minimal impact” on mitigating inflation, the government’s economic managers said on Tuesday, as inflation hits five-year high of 4.6 percent in May.

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Legarda wants DSWD to expedite cash aid to poor families affected by TRAIN

Legarda wants DSWD to expedite cash aid to poor families affected by TRAIN

Senator Loren Legarda on Sunday said she has asked the Department of Social Welfare and Development (DSWD) and their bank partners to expedite distribution of unconditional cash transfer (UCT) to families affected by skyrocketing prices amid the implementation of tax reform law.

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