Teachers are up in arms over the exclusion of the Department of Education (DepEd) from the Performance-Based Bonus (PBB) for fiscal year 2023, slamming the incentive system as “flawed” and “unjust.” In a statement issued Monday, July 7, the Teachers ' Dignity Coalition (TDC) cited...
The Makati City government announced on Monday, June 16, the passing of an ordinance granting an additional P1,000 in the cash incentive given by the city government to registered senior citizens of the city effective this July. Makati City Mayor Abby Binay inked City Ordinance No. 2025-104,...
The Fiscal Incentives Review Board (FIRB) has approved nearly ₱21 billion in tax subsidies requested by 10 government institutions, exempting these agencies from paying taxes and duties. As of May 21, the FIRB, chaired by Finance Secretary Ralph G. Recto, has approved ₱20.9 billion in tax...
BACOLOD CITY – The provincial government of Negros Occidental has released cash incentives totaling P1.3 million to athletes who won medals in the recent Palarong Pambansa 2025 in Ilocos Norte. Gov. Eugenio Jose Lacson, with Dr. Ramir Uytico, Department of Education-Negros Island Region...
The Philippines has emerged as a prime investment destination through tax reforms that have created a favorable business environment for foreign investors, according to a report of property advisory firm Colliers. The report published on Friday, Feb. 28, cited the Corporate Recovery and Tax...
Senator Sherwin Gatchalian has called on the Department of Finance (DOF) and the Bureau of Internal Revenue (BIR) to immediately suspend a rule requiring members of cooperatives to obtain their respective tax identification numbers (TINs) before they are granted tax exemption privileges. ...
The government is offering tax deductions to private donors supporting six priority programs in this year's list of the state planning agency National Economic and Development Authority (NEDA). Earlier this month, NEDA came out with the 2025 National Priority Plan (NPP), which listed down key...
Camarines Sur 2nd district Rep. LRay Villafuerte (PPAB) Camarines Sur 2nd district Rep. LRay Villafuerte says generous tax incentives await businesses partnering with the government on the Enterprise-Based Education and Training...
Senator Juan Miguel “Migz” Zubiri lauded the signing of the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act on Monday, Nov. 11, as it is expected to cut the bureaucratic red tape that has hampered the growth of the...
Senate President Francis “Chiz” Escudero on Sunday, November 10 said he expects the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act to generate new jobs domestically and attract more foreign investments in the...
The Department of Energy (DOE) is eyeing to improve the incentive regime for the upstream petroleum industry with the proposed ‘special allowance’ to be extended to operators in marginal petroleum blocks, as well as new plays and frontier acreages. In a draft DOE Circular, it has been...
The work-from-home (WFH) model is on track to become a permanent component of the Philippine business landscape as the CREATE MORE bill—officially known as the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy—nears its final...
