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Finance department pushes for passage of 4th tax reform package

ABS-CBN News
Posted at Feb 05 11:17 PM

The Department of Finance pushes for the passage of the fourth tax reform package, saying it will deepen the country's capital market.  Read more »

P6.42 billion taxes collected from POGOs in 2019: finance dept.

ABS-CBN News
Posted at Jan 26 01:17 PM

The Philippines collected some P6.42 billion taxes from offshore gaming operators (POGOs) and their service providers in 2019, the Department of Finance said Sunday. Read more »

Chevron: Batangas Land deal complies with Philippine laws

ABS-CBN News
Updated as of Jan 22 04:42 PM

The oil firm also said that the contract was beneficial to both the Philippine government and Chevron Philippines.  Read more »

Pangilinan urges P6-B compensation for rice farmers this December

ABS-CBN News
Posted at Dec 11 07:36 PM

Last November, Pangilinan filed a bill seeking to augment the 2019 budget with P6 billion to immediately provide cash from unprogrammed funds in the spending plan for rice farmers.  Read more »

Gov't seeks equal tax rate for vape, cigarettes: finance official

ABS-CBN News
Updated as of Nov 25 12:27 PM

A law that will raise taxes on cigarettes starting January 2020 needs to be amended to include a P45 excise tax on vape products depending on nicotine content, Finance Assistant Secretary Tony Lambino told DZMM. Read more »

Finance Sec Dominguez: POGOs subject to income tax

ABS-CBN News
Posted at Nov 18 04:05 PM

Dominguez was reacting to a Philippine Star report which quoted the Office of the Solicitor General (OSG) as saying that Philippine Offshore Gaming Operations (POGOs) are not subject to local tax. Read more »

DOF: Rice Tariffication Law tuloy pa rin

ABS-CBN News
Posted at Nov 14 12:23 AM

Ayon sa isang ulat, posibleng maungusan na ng Pilipinas ang China sa dami ng aangkating bigas. Read more »

Gov’t panel mulls new labeling scheme for unhealthy food

Katrina Domingo, ABS-CBN News
Updated as of Nov 08 09:39 PM

TAGAYTAY CITY - The government is considering placing special labels on unhealthy food to alert consumers that they are purchasing products with “very low nutritional value,” a finance official said Friday. Read more »

Finance dep't says no proposal yet for tax hike on salty food

ABS-CBN News
Posted at Nov 08 05:54 PM

"...pinag-aaralan pa po (it's still being studied)," said Finance Assistant Secretary Tony Lambino. Read more »

PH, China ink 6 bilateral deals for projects under 'Build, Build, Build', other ventures

ABS-CBN News
Updated as of Oct 25 08:22 AM

The Philippines signed 6 bilateral accords with China for projects under President Rodrigo Duterte's infrastructure program "Build, Build, Build" and other ventures in trade, customs and communications, said the finance department Thursday. Read more »

Bong Go's CPA topnotcher son shuns working for finance chief Dominguez, gov't

Katrina Domingo, ABS-CBN News
Posted at Oct 23 08:11 PM

Senator Bong Go on Wednesday said his son, who earned the third-highest score in the recent Certified Public Accountant licensure examinations, declined an offer to work under Finance Secretary Carlos Dominguez. Read more »

DOF thanks PEZA for supporting CITIRA bill

ABS-CBN News
Posted at Oct 15 11:09 PM

Former opponents became allies. Read more »

PH seeks other bilateral partners after shunning aid from anti-drug war nations

ABS-CBN News
Updated as of Sep 29 05:18 PM

The Philippines is looking for other bilateral partners after it halted negotiations for loan agreements with 18 governments that supported a UN investigation into President Rodrigo Duterte's war on drugs. Read more »

POGO, ipinasara dahil sa di pagbayad ng buwis

ABS-CBN News
Posted at Sep 26 12:41 AM

Hindi na nga rehistrado, hindi pa nagbabayad ng tamang buwis ang service provider ng isang Philippine Offshore Gaming Operator o POGO sa Quezon City. Read more »

Finance dept seeks 'accelerated process' for tax reform: official

ABS-CBN News
Posted at Jul 29 10:04 AM

The Finance Department would work “round the clock” to get the Congress approval for the remaining packages of the administration’s Comprehensive Tax Reform Program (CTRP), an official said Monday.  Read more »

Universal Health Care funding continues despite gaming suspension: finance official

ABS-CBN News
Updated as of Jul 29 10:50 AM

Lotto, Peryahan ng Bayan, small town lottery (STL) and Keno are among the gaming schemes ordered shut by President Rodrigo Duterte due to the alleged “massive corruption” at the PCSO.  Read more »

Higher taxes sought on e-cigarettes, beer and liquor

ABS-CBN News
Updated as of Jul 24 05:35 PM

The government aims to further raise taxes on e-cigarettes, vaping products, as well as beer and hard liquor to fund the projected shortfall in the funding for the Universal Healthcare Law.    Read more »

TRABAHO Bill could lead to job losses, exporters fear

ABS-CBN News
Posted at Jul 18 10:26 PM

Exporters believe that, while they support bringing down the corporate income tax rate, removing fiscal incentives could drive investors away.  Read more »

Fitch keeps Philippines' 'BBB' credit rating with 'stable' outlook

ABS-CBN News
Updated as of May 31 04:40 PM

Fitch also factored the stable banking sector, adequate foreign exchange reserves and manageable debt situation in its decision to affirm the BBB rating for the country, the statement said.    Read more »

Zubiri hopes House will adopt DOF-backed tobacco sin tax hike

ABS-CBN News
Posted at May 29 12:06 AM

MANILA – Senate Majority Leader Miguel Zubiri on Tuesday said he hopes that the Department of Finance will convince the House of Representatives to adopt the higher version of the proposed tobacco tax hike.  Read more »