The Department of Finance (DOF) said the exchange of information between the Department of Energy (DOE) and the government’s two main tax agencies will boost the implementation of the first-ever nationwide fuel marking program. Screen Shot 2021-05-28 at 10.31.20 AM Finance Secretary Carlos G....
The national government’s two main tax agencies exceeded their revised collection target in the first eight-months of the year, but remained lower than last year’s performance, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III said the Bureau of Internal Revenue...
The national government posted a significantly wider budget deficit last month despite the Duterte administration's almost flat spending due to dwindling revenues amid the pandemic, data from the Bureau of the Treasury showed. Official data showed the national government’s fiscal gap swelled by...
The Bureau of Internal Revenue (BIR) assured lawmakers of its full support for the proposed measure allowing banks to dispose their bad loans and other non-performing assets (NPAs) through asset management companies. BIR Commissioner Caesar Dulay gave this assurance during a recent joint hearing of...
The Duterte administration may borrow less than programmed for the rest of the year should the government’s two main tax agencies continue to exceed their downscaled collection targets, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III ( MB FILE, Albert Garcia) While...
The national government’s two main tax agencies have exceeded their reduced collections targets in the first eight-months of the year, but still lower than their performance in the same period last year, the Department of Finance (DOF) said. Based on the preliminary data submitted to the DOF, the...
