The net income of Social Security System (SSS), the state-run pension fund for private-sector workers, fell by 28 percent to ₱48 billion in the first half of 2026 as expenses, especially benefit payouts to pensioners, continued to rise faster than its income. SSS’ latest condensed statement of...
President Marcos has proposed to Congress the temporary suspension of the implementation of the Real Property Valuation and Assessment Reform Act (RPVARA), citing the need to prevent additional property-related costs on businesses, support investments, and allow a gradual transition to the new...
Senate President Pro Tempore Vicente "Tito" Sotto III on Tuesday voiced constitutional concerns over the proposed Party-List Reform Act, cautioning that several provisions of the measure could undermine the original objective of the party-list system—to ensure representation for marginalized and...
President Marcos wants the proposed tax reform package passed within the year, Malacañang said. In a Palace briefing, Palace Press Officer and Communications Undersecretary Claire Castro said the President wants the measure enacted sooner, stressing that the measures are intended to provide tax...
Malacañang said the government is considering possible reforms in excise and health taxes to offset the P66 billion forgone revenues from President Marcos ' proposed tax relief package. Palace Press Officer and Communications Undersecretary Claire Castro said the Department of Finance (DOF)...
The Bureau of Internal Revenue (BIR) expressed readiness to execute the tax reform agenda outlined by President Ferdinand R. Marcos Jr. during his 2026 State of the Nation Address (SONA). BIR Commissioner Charlito Martin R. Mendoza said the tax assessment agency is positioning itself to implement...
Malacañang said President Marcos carefully studied the administration 's proposed tax reform package and amendments to the Electric Power Industry Reform Act (EPIRA) before announcing them in his fifth State of the Nation Address (SONA), while signaling that the measures could be certified as...
Ranking congressmen believe that President Marcos ' proposed tax reform package presents an opportunity to remove long-standing barriers that prevent inherited properties from being put to productive use. House Committee on Ways and Means Chairman Marikina City 2nd district Rep Miro Quimbo...
Ranking congressmen have expressed their full support for the legislative agenda set by President Marcos in his fifth and penultimate State of the Nation Address (SONA), which coincided with the start of the second regular session. Camarines Sur Reps. Migz Villafuerte (5th distict) and Luigi...
House Committee on Ways and Means Chairman Marikina City 2nd district Rep. Miro Quimbo eyes higher taxes on vape products, sugar-sweetened beverages and single-use plastics to offset the hefty P50-billion revenue loss from President Marcos ' proposed tax relief package for Filipino workers....
House Committee on Ways and Means Chairman Marikina City 2nd district Rep. Miro Quimbo says he is committed to help President Marcos pursue sweeping tax reforms aimed at easing the burden on Filipino families and businesses, as stated in the latter 's State of the Nation Address (SONA). "We...
The Sandiganbayan has found businesswoman Janet Lim-Napoles guilty beyond reasonable doubt of 10 counts each of graft and malversation over the alleged diversion of P50 million intended for farm input assistance, while acquitting former Department of Agrarian Reform (DAR) Undersecretary Jerry E....
