Malacañang said the government is considering possible reforms in excise and health taxes to offset the P66 billion forgone revenues from President Marcos ' proposed tax relief package. Palace Press Officer and Communications Undersecretary Claire Castro said the Department of Finance (DOF)...
The Bureau of Internal Revenue (BIR) expressed readiness to execute the tax reform agenda outlined by President Ferdinand R. Marcos Jr. during his 2026 State of the Nation Address (SONA). BIR Commissioner Charlito Martin R. Mendoza said the tax assessment agency is positioning itself to implement...
Malacañang said President Marcos carefully studied the administration 's proposed tax reform package and amendments to the Electric Power Industry Reform Act (EPIRA) before announcing them in his fifth State of the Nation Address (SONA), while signaling that the measures could be certified as...
Ranking congressmen believe that President Marcos ' proposed tax reform package presents an opportunity to remove long-standing barriers that prevent inherited properties from being put to productive use. House Committee on Ways and Means Chairman Marikina City 2nd district Rep Miro Quimbo...
Ranking congressmen have expressed their full support for the legislative agenda set by President Marcos in his fifth and penultimate State of the Nation Address (SONA), which coincided with the start of the second regular session. Camarines Sur Reps. Migz Villafuerte (5th distict) and Luigi...
House Committee on Ways and Means Chairman Marikina City 2nd district Rep. Miro Quimbo eyes higher taxes on vape products, sugar-sweetened beverages and single-use plastics to offset the hefty P50-billion revenue loss from President Marcos ' proposed tax relief package for Filipino workers....
House Committee on Ways and Means Chairman Marikina City 2nd district Rep. Miro Quimbo says he is committed to help President Marcos pursue sweeping tax reforms aimed at easing the burden on Filipino families and businesses, as stated in the latter 's State of the Nation Address (SONA). "We...
The Senate has approved on third and final reading the measure prohibiting the export of raw minerals in a bid to develop local industries, create higher-value goods, and generate more jobs in the country. Senate Bill No. 2826, if signed into law, will take effect after five years,...
The Sandiganbayan has convicted former mayor Voltaire Anthony C. Villarosa of Mamburao, Occidental Mindoro of violation of the Government Service Insurance System (GSIS) Act of 1997 and ordered his perpetual disqualification from holding public office. Villarosa was also sentenced to...
New taxes are still a possibility, as the Department of Finance (DOF) clarified that the Marcos administration is just currently not keen on introducing additional tax proposals, apart from its existing priority tax measures. Finance Secretary Ralph G. Recto said the DOF is not developing new tax...
The Department of Finance (DOF) has stated that the expected revenue from the "refined" five tax reform proposals will fall short of the initial projections made by the agency. Finance Secretary Ralph G. Recto said late Friday, Jan. 26, that the projected revenue gain of P213 billion from the...
The Department of Finance (DOF) plans to push for approval of five pending tax measures in Congress within this year to raise around P213 billion by the end of President Marcos' term. In the absence of new tax proposals, Finance Secretary Ralph G. Recto said the DOF will continue to push for the...
