Finance

Package 4 of tax reform to simplify tax rates on investment products

MANILA -- Finance officials aim to simplify tax rates on investment products in the Philippines partly to help improve services being offered to the public and address the complex tax rates...

Gov’t tax-take from sugar-sweetened beverages to hit P52-B this ’18

MANILA - - Expected revenues from excise tax on sugar-sweetened beverages is seen to contribute some PHP52.03 billion to government coffers this 2018. Department of Finance (DOF) data showed that based on...

BCDA remits P5.22-B to gov’t in 2017

MANILA -- Malacanang on Tuesday announced that the Bases Conversion Development Authority (BCDA) has remitted PHP5.22 billion to the Bureau of Treasury in 2017. Presidential Spokesperson Harry Roque said the BCDA remittance...

DTI seeks P2-B budget for livelihood initiatives in Marawi

MANILA -- The Department of Trade and Industry (DTI) has sought about PHP2 billion to fund its initiatives to bring back livelihood activities in Marawi City and its nearby areas. DTI Undersecretary...

PH zonal land value eyed to be at par with int’l standards

MANILA  -- Zonal valuation of land in Philippines will be at par with international standards once lawmakers approve the third package of the Duterte administration’s tax reform program. “BIR (Bureau of Internal...

PHL seals two loan packages with ADB to help attain inclusive growth goal

The Philippines and the Asian Development Bank (ADB) signed Wednesday a loan agreement that aims to improve Mindanao’s links to international trade corridors and formalized the exchange of documents on sustaining...

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