Collections of the government’s two main tax agencies surpassed the P2-trillion mark in the first nine months of the year, nearing the pre-pandemic level, the Department of Finance (DOF) reported Friday, Oct. 22. Finance Secretary Carlos G. Dominguez III said tax haul of the Bureau of Internal...
The Department of Finance (DOF) wants to stop burning coal in Mindanao, in line with the government’s program aimed at promoting sustainable investments. During the launching of the Philippine Sustainable Finance Roadmap and Guiding Principles on Wednesday, Oct. 20, Finance Secretary Carlos G....
Finance Secretary Carlos G. Dominguez III has called on young innovators to contribute their skills and ideas in the fight against climate change, and spearhead efforts to educate and motivate the country’s youth to take action in protecting the planet’s future. Finance Secretary Carlos G....
Employees of the Department of Finance (DOF) along with attached agencies and state-owned companies, like the Bureau of Internal Revenue (BIR) and Social Security System (SSS), are told to prepare for a full-return to the workplace. Amid easing quarantine restrictions and COVID-19 infections,...
The Commission on Audit (COA) has disallowed another set of tax credit certificates (TCCs) granted to several textile companies, the Department of Finance (DOF) said. In a report by the COA Special Audits Office to Finance Secretary Carlos G. Dominguez III, the commission said it has disallowed new...
The Department of Finance (DOF) assured that the implementation of the Universal Health Care (UHC) law will not be affected by the government’s increasing expenditures for coronavirus treatment. Finance Secretary Carlos G. Dominguez III said the Duterte administration has proposed P80 billion for...
The Department of Finance (DOF) has set in motion the full implementation of the Personal Property Security Act (PPSA) with its recent issuance of the rates for the fees on the use of the electronic registry mandated to be established under the law. Republic Act (RA) No. 11057 or the PPSA aims to...
The lowering of Metro Manila’s alert level status would provide a solid, positive impact on the government’s efforts to perk up the local economy, the Department of Finance (DOF) said Thursday, Oct. 14. Finance Secretary Carlos G. Dominguez III said that downgrading the National Capital Region...
The Department of Finance (DOF) said that China’s heightened crackdown on online gambling is the one forcing Philippine offshore gaming operations (POGO) to close shop, and not the government’s new tax measures. Finance Secretary Carlos G. Dominguez III said the exodus of Chinese-run online...
President Duterte’s chief economic manager suggested that the next administration should continue in subsidizing people’s subsequent booster doses of the coronavirus vaccine to ensure the country’s economic recovery. With more COVID-19 booster shots on the horizon, Finance Secretary Carlos G....
The government on Friday, Oct. 8, listed its first onshore retail dollar bonds (RDBs) in the Philippine Dealing and Exchange Corp. (PDEX), bringing closer to fulfilling its twin goals of deepening the domestic capital markets and broadening financial inclusion. During the listing, Finance Secretary...
The Duterte administration is negotiating with the country’s development partners to fund the procurement of booster doses for the coronavirus vaccination next year, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III said on late Tuesday, Oct. 5, that the government...
