DOF thanks Congress for approving ‘sin’ tax reform bill

Finance Secretary Carlos Dominguez III has thanked the Senate and the House of Representatives for passing this week a new "sin" tax reform bill that provides substantially higher excise tax…

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DOF aims to complete e-invoicing by 2022

The Department of Finance (DOF) aims to complete the full shift to an electronic invoicing system by December 2022 as part of the digital transformation in tax administration that the…

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LGUs losing P30.5-B revenues to outdated real property valuation

Provinces and cities are losing an estimated P30.5 billion in total foregone revenues as a result of outdated real property values, underscoring the need for valuation reforms in the real…

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Non-passage of new sin taxes to make UHC ‘a third-class’ law

The Universal Health Care (UHC) Act will be downgraded from being a first-class law to a third-rate one, with its implementation either failing to equitably serve all Filipinos or its…

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DA unveils 3-point plan to EDC to energize farm sector in 2019

The Department of Agriculture (DA) has presented to the Cabinet’s Economic Development Cluster (EDC) a three-pronged approach that includes distributing certified rice seeds and fertilizers to farmers and importing corn…

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P39-B GOCC dividends as of May nearing full-year 2018 collections

Dividends remitted by government-owned and -controlled corporations (GOCCs) as of mid-May this year have already reached P38.9 billion, which is only 3 percent shy of the P40.17 billion in actual…

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Budget impasse in Congress impeded Q1 growth

The four-month budget deadlock in the Congress severely held back government efforts to boost spending on infrastructure and social services at the onset of 2019, handicapping growth from soaring to…

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Civil society groups join clamor for higher ‘sin’ taxes

Various organizations, from health advocacy groups to rural poor associations, have voiced their unequivocal support for the swift approval by the Congress of measures that would impose higher “sin” taxes…

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