The proposed legislated franchise for the Bulacan airport project will imperil all existing and future tax laws in the country, economic and transportation experts warned. In a virtual briefing, Action for Economic Reforms coordinator Filomeno Sta. Ana III and transportation expert Rene Santiago...
The government’s fuel marking program has covered over 12 billion liters of petroleum products during its first-year of implementation, the Department of Finance (DOF) said. In a statement, Finance Undersecretary Antonette C. Tionko said the total volume of fuel marked from September 4 last year...
US President Donald Trump is not a taxpayer in the Philippines, but private companies “with his name” could have had paid levies to the Bureau of Internal Revenue (BIR), Finance Secretary Carlos G. Dominguez III clarified today. WASHINGTON, DC - AUGUST 13: U.S. President Donald Trump...
The Duterte administration has so far borrowed close to $10 billion to fund the national government’s coronavirus response, the Department of Finance (DOF) said. In a statement, Finance Secretary Carlos G. Dominguez III said the national government’s financing support for COVID-19 from...
Finance Secretary Carlos G. Dominguez III is throwing support behind the proposed measure seeking to digitalize all government agency services provided to the public. Finance Secretary Carlos G. Dominguez III (MANILA BULLETIN FILE PHOTO) Dominguez said that Senate Bill (SB) No. 1738 or the...
Government borrowings breached the P2 trillion mark in August this year as the Duterte administration needed funds to bridge the gap between its dwindling revenues and required spending level amid the coronavirus-induced recession....
Finance Secretary Carlos G. Dominguez III has urged the raffle winners of the small investor-targeted Premyo bonds to consider using their cash rewards to reinvest in government debt securities or start their own small businesses and help create jobs. Finance Secretary Carlos G....
President Rodrigo R. Duterte has approved the appointment of Finance Secretary Carlos G. Dominguez III as ex-officio chairperson of the Governing Board of the Philippine Tax Academy (PTA). Finance Secretary Carlos G. Dominguez III The appointments of Commissioner Caesar Dulay of the Bureau of...
The exodus of Philippine offshore gaming operations (POGOs) to affect government tax revenues from the real-estate sector and other businesses, the Department of Finance (DOF) said yesterday. Finance Secretary Carlos G. Dominguez III said during a virtual Senate hearing yesterday that he received...
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 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 governments of the Philippines and Japan yesterday signed a stand-by loan agreement for the Duterte administration’s post-disaster response, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III, representing the Philippines, and Japan International Cooperation...
