Finance

Makati extends deadline for business, realty tax payments

MANILA -- The Makati City government has extended the deadline of assessment of business permits without penalty to Jan. 25, and the payment of business and realty taxes to Jan. 31,...

Industries’ revenue up 8.6% in Q3 2017

MANILA -- Total gross revenues of industries from July to September in 2017 increased by 8.6 percent, the Philippine Statistics Authority (PSA) reported Friday. The PSA noted that growth in total revenue...

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...

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