Upon the recommendation of the Board of Investments (BOI), the Fiscal Incentives Review Board (FIRB) has approved the tax incentives applications of four telecommunications companies (telcos), including Converge ICT Solutions,…
Only 31 or less than a third of the Philippines’ 108 government-owned and-controlled corporations (GOCCs) accounted for P9.37 trillion of the total assets of all GOCCs amounting to P10.3 trillion…
The Fiscal Incentives Review Board (FIRB) has put up its Fiscal Incentives Registration and Monitoring System (FIRMS) as one of the major accomplishments of the Corporate Recovery and Tax Incentives…
Collections by the Bureau of Internal Revenue (BIR) from its operations amounted to P485.4 billion in the first quarter, about P47.2 billion or 8.9-percent short of the goal set by…
pon orders of the Department of Finance (DOF), the Bureau of Internal Revenue (BIR) has suspended Revenue Special Orders (RSOs) and Operations Memoranda (OMs) creating special audit task forces to…
The National Government (NG) paid in full its outstanding P300 billion provisional advances to the Bangko Sentral ng Pilipinas (BSP) earlier today, well in advance of the 11 June 2022…
In the first three years of its implementation, the law liberalizing rice trading has earned a total of P46.6 billion in rice import duties, which directly benefited palay farmers through…
Finance Secretary Carlos Dominguez III has instructed the Philippine Crop Insurance Corp. (PCIC) to ensure that its projects supported by foreign grants and loans are actually ‘demand-driven’ and would benefit…
The Bureau of Internal Revenue (BIR) has created a task force to ensure that registered business enterprises (RBEs) in the Information Technology-Business Process Management (IT-BPM) sector currently enjoying tax incentives…
Finance Secretary Carlos Dominguez III has said the Philippines is looking forward to future initiatives under the umbrella of the ASEAN Plus Three (China, Japan, Korea) cooperation to help accelerate…
