Tag page - tax effort

The share of tax revenues to the Philippine economy has lingered below the regional average of efficient collections, highlighting the need to further improve tax administration and enforcement. The Organization for Economic Co-operation and Development’s (OECD) Revenue Statistics in Asia and the...

The Philippines has increased its tax take as a share to the economy in 2022, even as it lagged behind the regional average in collection efficiency. According to the Organization for Economic Cooperation and Development's (OECD) Revenue Statistics in Asia and the Pacific 2024 report, the...

The Duterte administration’s revenue effort since it took office emerged as the highest among different presidential terms in over two decades, the Department of Finance (DOF) boasted. In a report to Finance Secretary Carlos G. Dominguez III by the DOF’s Domestic Finance Group (DFG), it said...

The Philippines should continue to adopt fiscal reforms, particularly tax reforms still pending in Congress, to sustain these fiscal gains, the Department of Finance (DOF) said. Based on its latest DOF economic bulletin, it noted that the recent fiscal reforms have boosted the government’s tax...

The Department of Finance (DOF) said the government should continue adapting fiscal reforms as tax collections begin to recover in the first three months of the year following the unprecedented spending last year due to the pandemic. Based on the latest DOF economic bulletin, Finance Undersecretary...