Finance

DOF set to submit Package 2 of tax reform this January ’18

MANILA - - The Department of Finance (DOF) is set to submit within this month the proposed second package of tax reform program to ensure the incremental state revenues to be...

DOF sees 7 percent growth, manageable inflation in 2018

An economic expansion of at least 7 percent is doable this year with the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) Law—the first package of the Comprehensive Tax...

BIR, BOC post strong revenues in 2017

MANILA - - Both the Bureau of the Internal Revenue (BIR) and the Bureau of Customs (BOC) posted double digit growth in their collections in 2017. Citing Bureau of the Treasury (BTr)...

PSEi, peso start 2018 with a bang

MANILA -- Foreign funds continue to pour into the Philippines’ equities market, boosting not only the main index but also the peso on Wednesday. The Philippine Stock Exchange index (PSEi) finished at...

Binay asks BSP to temporarily stop new P5 coins in circulation

To avoid further public confusion, Senator Nancy Binay on Wednesday said that the Bangko Sentral ng Pilipinas (BSP) might consider to temporarily stop the issuance of new generation coins that it...

New measure reduces tax burden of Filipinos

President Rodrigo Roa Duterte signed into law Republic Act 10963, otherwise known as the “Tax Reform for Acceleration and Inclusion (TRAIN) Act, which reduced the tax burden of common Filipino taxpayers. Individuals...

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