The Duterte administration is urging the Congress to approve an improved system of tax incentives for enterprises that is performance-based, timebound, targeted and transparent, as drawn from the best corporate…
The Duterte administration remains fully committed to reduce poverty incidence to just 14 percent or lower by 2022, given the game-changing reforms it has been carrying out to make the…
Finance Secretary Carlos Dominguez III has said that higher state spending on infrastructure and social services, supported by a low inflation rate and an expansionary monetary policy, will allow the…
Tax payments collected by the Bureau of Internal Revenue (BIR) through electronic channels amounted to P1.2 billion in 2019, representing a 92 percent increase from the previous year’s P626.35 million.…
The Bureau of Local Government Finance (BLGF) has stepped up its professionalization programs for fiscal officers of the local government units (LGUs) in 2019 with the completion of 46 training…
The government is expected to earn a total of P205.76 million in rental and parking fees from the 2.2 hectare Mile Long property in Makati City from the time it…
The Department of Finance (DOF) has described the Fiscal Incentives Review Board (FIRB) as a necessary good governance measure to advance the public interest in the granting of tax incentives…
Finance Secretary Carlos Dominguez III has commended the Bureau of Customs (BOC) for “impressively” continuing to improve the delivery of services to the people through the streamlining of operations and…
The Government Service insurance System (GSIS) has so far released some P76.5 billion to assist a total of 189,860 government employees in settling their outstanding loan balances from private money…
The Bureau of the Treasury (BTr) expects the debt-to-GDP (gross domestic product) ratio to have fallen faster to 41.59 percent in 2019, better than its target of 41.72 percent, as…
