Dominguez cites adept fiscal management, TRAIN as DOF achievements

Secretary Carlos Dominguez III has cited the implementation of the first package of the Comprehensive Tax Reform Program (CTRP), which led to a dramatic increase in revenue collections, plus the…

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TRAIN Package 2 aims to boost pro-poor investments, create jobs

The second package of the Duterte Administration’s Tax Reform for Acceleration and Inclusion (TRAIN) seeks to lower the corporate income tax paid by some 95 percent of businesses, while at…

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Business leaders back corporate tax reform

The country’s business leaders have expressed their full support for the Duterte administration’s proposed reforms in corporate taxation and the grant of investment incentives, which they described as “a bold…

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DOF welcomes filing in Congress of corporate tax reform bill

Finance Secretary Carlos Dominguez III has welcomed the filing in the House of Representatives of a bill that aims to institute reforms in the country’s corporate tax system as he…

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Taxpayers have P10-B cash bonanza per month under TRAIN

Filipino consumers now have a combined P10 billion cash bonanza to spend more each month following the implementation starting last January of the Tax Reform for Acceleration and Inclusion Act…

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7.4 million households to receive unconditional cash transfers in 1st quarter

Unconditional cash transfers (UCTs) amounting to P2,400 for 2018 will be distributed within the first quarter to some 7.4 million households, comprising the 4.4 million existing beneficiaries under the Pantawid…

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TRAIN to eventually rescue 21-M Filipinos from poverty

The Tax Reform for Acceleration and Inclusion Act (TRAIN) will set the staging ground to rescue 21 million Filipinos from poverty in the long run because additional revenues from this…

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TRAIN removes oppressive rates for delinquent tax payments

The Tax Reform for Acceleration and Inclusion (TRAIN) has done away with punitive and confiscatory interest rates that encourage delinquency rather than compliance in paying the correct amount of taxes,…

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DOF cites better collection of tobacco excise taxes with TRAIN

The year-on-year January 2018 inflation rate of 4 percent, which is still within the target set by the Bangko Sentral ng Pilipinas (BSP), was partly the result of better compliance…

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