House Ways and Means Committee chairman, Albay 2nd district Rep. Joey Salceda insisted that the proposal to remove value-added tax (VAT) on power generation and excise taxation on fuel source is not possible without legislation. Albay 2nd district Rep. Joey Salceda (File photo/ MANILA BULLETIN)...
Economist and Albay 2nd district Rep. Joey Salceda says that to pay off the country’s Covid-19 debts, the next administration will have to generate around P326-billion in yearly revenue. Albay 2nd district Rep. Joey Salceda (Photo from Joey Sarte Salceda FB) As of January 2022, the Department of...
The Department of Finance (DOF) remains optimistic that Congress will pass this year the remaining tax reform packages that aim to reform the property valuation system and simplify capital market taxation. After the legislature was able to act on a slew of economic liberalization bills in 2021,...
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) has urged the Senate to help guarantee the Philippines’ "strong economic rebound" from the lingering pandemic by swiftly approving the Duterte administration’s remaining economic reform measures. Finance Secretary Carlos G. Dominguez Finance Secretary Carlos G....
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 Philippines remains in a strong fiscal position to meet the financial challenges posed by the coronavirus pandemic and ride out the global economic crisis, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III said the government has the financial muscles to reboot the...
