Despite declining volumes amid the global economic slump, revenues from rice imports surpassed the government’s full-year target in the first nine-months of the year, the Department of Finance (DOF) said. In a statement, Finance Secretary Carlos G. Dominguez III said the Bureau of Customs...
The Department of Finance (DOF) has green-lighted the implementing rules and regulations (IRR) on the tax and duty-free importation of goods critical for the coronavirus response and blended hybrid learning. Finance Secretary Carlos G. Dominguez III said that he signed...
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 Customs further stepped up its campaign against rice smuggling even amid the coronavirus pandemic by conducting raids on warehouses suspected of storing illegally imported stocks of the grain in response to reports by concerned citizens. Customs Commissioner Rey Leonardo...
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...
Road Sense There’s a brand new McLaren 620R supercar parked in a container van at the Port of Manila. It was seized by the Bureau of Customs early this week for misdeclaration. It was declared as a Porsche Cayman sports car which would have been taxed lower than the McLaren super car. It...
After pressure from top American universities and tech companies, the controversial ICE restriction that would have required many international students to leave the US will now be rescinded The Trump administration has agreed to rescind the new restrictions on international students...
Major American corporations back Harvard and MIT’s lawsuit against the latest restrictions on international students studying in the US The biggest names in the tech industry have backed up higher education institutions in their ongoing lawsuit over the Trump administration’s latest...
