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BIR collection exceeds targets in first 100 days of new admin, official says

ABS-CBN News
Posted at Oct 25 11:20 AM

The Bureau of Internal Revenue said on Tuesday it has collected about P426.327 billion from July to August or during the first 100 days under Commissioner Lilia Catris Guillermo and the administration of President Ferdinand R. Marcos, Jr.’s administration. Read more »

PH ready for foreign investors in telcos, airports, roads: Diokno

ABS-CBN News
Posted at Oct 17 10:03 AM

The Philippines is ready to welcome revenue-generating foreign investments in telcos, airports and other industries, Finance Secretary Benjamin Diokno said. Read more »

Tax perks granted to Converge, 3 tower companies: DOF

ABS-CBN News
Posted at May 25 10:39 AM

The FIRB has granted tax incentives for Converge and 3 other tower companies in line with the CREATE law, the Department of Finance said. Read more »

Converge gets tax perks for broadband in remote areas

ABS-CBN News
Posted at May 18 01:12 PM

Converge said it has secured the approval of the Fiscal Incentives Review Board (FIRB) for tax incentives for its broadband rollout in remote areas until 2026. Read more »

FIRB eyes rationalizing POGO fees, Finance Dept says

ABS-CBN News
Posted at Apr 21 04:22 PM

The Fiscal Incentives and Review Board will explore rationalizing the "huge" and varying fees collected by investment promotion agencies from POGOs. Read more »

BPI says net income at P8-B in Q1 2022

ABS-CBN News
Posted at Apr 21 12:07 PM

The BPI said its net income for the first quarter of 2022 reached P8 billion, which is 59.6 percent higher compared to the same period last year. Read more »

Duterte admin laid groundwork for expansion: Finance chief

ABS-CBN News
Posted at Feb 23 03:49 PM

The administration of President Rodrigo Duterte has laid the groundwork for expansion with its "hard-won" reforms said Finance Secretary Carlos Dominguez. Read more »

Labor leader vows to reverse Duterte policies

Mike Navallo, ABS-CBN News
Updated as of Oct 30 12:06 AM

In an ideal world, labor leader Leody De Guzman says he would have an equal chance with other presidential aspirants. Read more »

COCOPEA, umaasang maipapasa ng Senado ang tax rate law

ABS-CBN News
Posted at Sep 22 10:45 AM

Inaasahan ng grupo ng mga pribadong paaralan na maipapasa ng Senado ang batas na tutulong sa kanila para makakuha ng preferential tax rate na 10 percent sa ilalim ng Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act. Read more »

Duterte says tax reforms boosted growth before COVID-19 hit

ABS-CBN News
Updated as of Jul 26 08:01 PM

The tax reforms passed by Congress helped drive economic growth before the arrival of the COVID-19 pandemic, President Rodrigo Duterte said on Monday during his last State of the Nation Address.  Read more »

Sonaserye 2021: Nakatulong ba ang pandemic policies ni Duterte sa ekonomiya?

Warren De Guzman, ABS-CBN News
Posted at Jul 15 08:58 PM

Nakatulong ba sa ekonomiya ang mga polisiya ni Duterte ngayong pandemya? Read more »

Finance, trade chiefs sign CREATE IRR ahead of deadline

ABS-CBN News
Posted at Jun 25 11:36 AM

The Implementing Rules and Regulations (IRR) of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act was signed by concerned government agencies ahead of the July 10 deadline, the Department of Finance said Friday. Read more »

Chip industry needs at least another year to address global shortage: SEIPI

ABS-CBN News
Updated as of Jun 14 04:57 PM

The Semiconductor and Electronics Industries in the Philippines Foundation Inc said chip manufacturers cut down on equipment production last year in anticipation of lower demand with the onset of the pandemic.    Read more »

Tuition hikes loom due to tax hike, says group

ABS-CBN News
Updated as of Jun 11 09:54 AM

A looming 150 percent increase in corporate income tax for private schools will lead to tuition hikes if not the shutdown of schools, a group of private schools warned Friday.  Read more »

More senators urge BIR to revoke tax hike on private schools

Jaehwa Bernardo, ABS-CBN News
Posted at Jun 07 11:40 AM

More senators have called on the Bureau of Internal Revenue to rescind its new policy that increases the income tax of private schools by 150 percent, which they said may lead to more school closures during the pandemic. Read more »

Group warns of more school closures due to tax hike

ABS-CBN News
Posted at Jun 04 12:58 PM

A group of private schools on Friday warned more educational institutions may shut down following a new regulation issued by the Bureau of Internal Revenue that more than doubled their tax rate. Read more »

Bagong BIR policy sa mga pribadong paaralan, dapat bawiin: senador

Robert Mano, ABS-CBN News
Posted at Jun 03 02:22 PM

Dapat bawiin ng Bureau of Internal Revenue ang ipapataw nitong 25 porsyento na buwis sa mga pribadong paaralan, ayon sa isang senador nitong Huwebes. Read more »

PH manufacturing poised for growth this year: industry watchers

Bruce Rodriguez, ABS-CBN News
Posted at May 27 06:05 PM

The outlook for the Philippine manufacturing sector is looking bright this year, according to officials from both private and public sector groups.   Read more »

Govt to push 2 more tax reform measures

ABS-CBN News
Posted at Apr 26 05:16 PM

Finance Secretary Carlos Dominguez III said Monday the administration of President Rodrigo Duterte will push for 2 more tax reform measures amid the disruptions caused by the COVID-19 pandemic.  Read more »

Moody’s says COVID-19 spike, new quarantine restrictions to delay PH recovery

ABS-CBN News
Posted at Mar 29 03:15 PM

Moody’s Investors Service on Monday warned that the recent spike in COVID-19 cases, as well as the strict quarantine measures imposed to try to control it, will delay economic recovery. Read more »