The Department of Finance (DOF) has determined that for 2015 alone, the government gave away P86.3 billion-worth of income tax incentives to firms that paid out a total of P141.8…
Around 1.4 million jobs are expected to be created between 2021 and 2029, when the corporate income tax (CIT) will have been cut by a third to 20 percent under…
The government is losing an estimated P43 billion a year in tax leakages to firms that possibly exploit the country’s convoluted corporate income tax (COT) system and abuse transfer pricing…
The Department of Finance (DOF) has assured the public that the purchase and importation of books will remain tax exempt under the second tax reform package of the Duterte administration.…
The first two packages of the Duterte administration’s comprehensive tax reform program (CTRP) are among the best ever crafted as these measures would help redistribute wealth among Filipinos, sharpen the…
The Department of Finance (DOF) has thanked the House of Representatives for approving on third and final reading the bill seeking to lower the corporate income tax (CIT) and correct…
Members of the Duterte administration’s economic and "Build, Build, Build" teams led by Finance Secretary Carlos Dominguez III are set to update economists and members of the regional financial community…
The Social Security System (SSS) and other government agencies have expressed their support for the proposed reforms in the corporate tax system, given that such proposals, which include lowering the…
Ben Kritz hits government for being “completely adrift when it comes to economic policy and management” and his reason is that “the estimated second quarter GDP growth xxx figure is…
Finance Secretary Carlos Dominguez III said the Philippines continues to be among the best performing economies in Asia on the strength of higher foreign direct investment (FDI) inflows and rising…
