President Duterte has pledged to give all Filipino athletes who competed in the recently concluded Tokyo 2020 Olympics additional cash incentives, regardless if they won in their respective events or not. President Duterte congratulates Tokyo 2020 Olympics Silver medalists Carlo Paalam and Nesthy...
Senator Pia Cayetano is seeking the grant of tax exemptions on the rewards and donations to be given to Olympic medalists and their coaches. Senator Pia Cayetano sponsors on July 27, 2021 a resolution commending weightlifter Hidilyn Diaz, Philippines' first Olympic gold medalist. (Office of Senator...
The Fiscal Incentives Review Board (FIRB) has approved the grant of tax incentives for a mass housing project and two cement manufacturing plants all located outside Metro Manila. Chaired by Finance Secretary Carlos G. Dominguez III, the FIRB during its third meeting last August 2 approved the tax...
Obesity continues to be a pressing health risk around the world. Great Britain is one of the worst-hit nations with obesity as studies show that two in three adults in the country are either overweight or obese. To help inspire the citizens to combat obesity, the British government will...
The Department of Finance (DOF) said President Duterte has now accomplished eight tenths of his economic reform program that provided income tax cuts for individuals and corporations. In a statement, Finance Secretary Carlos G. Dominguez III said Wednesday, July 28, that 85 percent of the Duterte...
The government incurred hefty foregone revenues due to fiscal incentives enjoyed by favored enterprises one year before the landmark congressional approval of the corporate recovery and tax incentives for enterprises (CREATE) law. According to the report submitted by the Department of Finance -...
Should economic zone-based business process outsourcing (BPO) companies implementing a work-from-home (WFH) scheme get tax incentives? The Department of Labor and Employment (DOLE) thinks so. (Photo from DOLE Facebook page) According to DOLE Secretary Silvestre Bello III, Information Technology and...
Cabinet Secretary Karlo Nograles said that the Department of Information and Communications Technology (DICT) was working on a common digital ID that would serve as proof of a person's vaccination against the coronavirus disease (COVID-19). Cabinet Secretary Karlo Nograles (PCOO / MANILA BULLETIN...
The finance and trade departments signed the implementing rules and regulations (IRR) of the corporate recovery and tax Incentives for enterprises (CREATE) law, the government’s largest fiscal stimulus package for businesses in the country’s history. Ahead of the July 10, 2021 deadline, Finance...
BETTER DAYS Senator Sonny Angara Last March, President Duterte enacted into law Republic Act 11534, more widely known as the Corporate Recovery and Tax Incentives for Enterprises or CREATE Act. Certified at the time as urgent by Malacañang, the law was touted as one of the government’s critical...
More restaurants and establishments in Quezon City are offering discounts and incentives to residents who will get vaccinated against COVID-19. Mayor Joy Belmonte thanked the city's business establishments that continuously support the programs of the city government. “We are thankful to the...
The Fiscal Incentives Review Board (FIRB) has adopted the framework for the grant of incentives to qualified industries under the government’s Strategic Investment Priorities Plan (SIPP). As provided in the newly enacted Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law that...
