News

Gov't should focus on bringing prices down: Angara

ABS-CBN News
Updated as of Dec 05 02:06 PM

Corporate tax reforms should be studied more closely and government should focus more on bringing down commodity prices, a lawmaker said Wednesday. Read more »

DOF iginiit na 'makabubuti' ang TRABAHO bill

ABS-CBN News
Posted at Nov 09 09:46 PM

Sa kabila ng mga batikos sa TRABAHO Bill, iginiit ng Department of Finance na malaki ang maitutulong nito sa mga proyekto ng gobyerno. Read more »

Finance officials still optimistic of TRABAHO Bill passage

Sherrie Ann Torres, ABS-CBN News
Posted at Nov 08 08:02 PM

Officials of the Department of Finance said Thursday they are still optimistic that the second package of tax reforms will be passed by lawmakers despite comments from several senators that this was unlikely. Read more »

Ecozone group says tax reform could affect jobs

ABS-CBN News
Updated as of Oct 24 12:43 PM

Felix Francisco Zaldarriaga, president of the Philippine Ecozones Association, said he was "afraid" 40 percent of those working in economic zones could lose their jobs. Read more »

Former PEZA chief slams 2nd tax reform package

ABS-CBN News
Posted at Oct 17 11:38 PM

But the government insists improving global competitiveness and soaring foreign direct investments in the country would justify rationalizing incentives. Read more »

Senators not yet keen on passing TRABAHO bill, says Zubiri

Sherrie Ann Torres, ABS-CBN News
Posted at Oct 09 10:36 PM

MANILA - The Senate is unlikely to pass the second package of tax reforms this year, but will try to pass a bill granting amnesty to delinquent tax payers, a senator said on Tuesday.  Read more »

Senate delays passage of 'TRABAHO' bill pending review on jobs impact

ABS-CBN News
Posted at Oct 08 11:58 PM

The Duterte administration's second tax reform package faces more delays as government agencies work to shed more light on the measure's possible effect on employment.  Read more »

Filipinos interested in books but have little budget: survey

Kristine Sabillo, ABS-CBN News
Posted at Oct 05 01:45 AM

College student Jash Cruz is among the many millennials still smitten with young adult books. Read more »

Books still VAT exempt under tax reform package, says Finance official

ABS-CBN News
Posted at Sep 25 04:13 PM

Books will remain exempt from the value added tax (VAT) under the second package of tax reforms being pushed by the government, an official of the Department of Finance said.  Read more »

House, DOF kick off discussions on TRAIN 4

RG Cruz, ABS-CBN News
Updated as of Sep 24 05:51 PM

The bill seeks to provide neutrality in tax treatment, tax system, tax competitiveness, and increased capital mobility and financial inclusion. Read more »

DOF defends 'TRABAHO' bill amid outcry from businessmen

ABS-CBN News
Posted at Sep 15 01:14 AM

The finance department wants to have sit-down with the joint foreign chambers who have spoken out against the "TRABAHO" bill.  Read more »

Presyo ng libro, posibleng magmahal dahil sa TRABAHO bill

ABS-CBN News
Posted at Sep 14 03:18 AM

Pati mga libro, posibleng maging mas mahal, hindi lang dahil sa palitan ng piso sa dolyar, kundi pati na rin sa ikinakasang TRAIN 2 o Trabaho Bill. Read more »

Teleperformance opens 19th site, counts on keeping perks

Jessica Fenol, ABS-CBN News
Updated as of Sep 13 01:38 PM

Removing incentives has the potential to affect operational costs of BPO firms in the country, Teleperformance Philippines managing director Travis Coates said during the inauguration of their 19th site in the country.  Read more »

Investments may be 'diverted' due to tax reform concerns: exporters' group

Warren De Guzman, ABS-CBN News
Updated as of Sep 13 07:20 AM

MANILA - Over US$1 billion investments for expansion ventures in the Philippine electronics industry have been "diverted" to other destinations as manufacturers became wary of the second package of tax reforms being pushed by the administration of President Rodrigo Duterte, an industry group said Wednesday.  Read more »

Ilang negosyante, may takot sa TRABAHO bill

ABS-CBN News
Posted at Sep 12 08:12 PM

Nitong Lunes ay pumasa sa ikatlo at pinal na pagbasa sa Kamara ang TRABAHO bill. May ilang negosyante na nangangamba sa magiging epekto ng panukala kung maisasabatas ito.  Read more »

Euro chamber wary of second round of tax reforms

ABS-CBN News
Posted at Sep 12 04:52 PM

The head of a European business group said Wednesday its members were worried over the impact of the second package of tax reforms on operations. Read more »

House approves TRABAHO bill on 3rd and final reading

ABS-CBN News
Posted at Sep 10 04:27 PM

MANILA - The House of Representatives has approved on third and final reading House Bill 8083 or the Tax Reform for Attracting Better and High Quality Opportunities or TRABAHO Bill - the second package in the Duterte Administration’s comprehensive tax reform program. Read more »

Three tech firms back second tax reform package

Warren De Guzman, ABS-CBN News
Posted at Aug 29 05:54 PM

Three players in the tech sector on Wednesday said they support the second package of tax reforms which seeks to rationalize incentives and bring down the corporate income tax to 25 percent from 30 percent.  Read more »

TRAIN 2 to create, not kill jobs: finance official

Dharel Placido, ABS-CBN News
Posted at Aug 22 02:49 PM

Companies who could lose incentives will continue to operate in the country because "inherently profitable and there’s a sure market." Read more »

Arroyo says next tax reform package keeps export-related incentives

RG Cruz, ABS-CBN News
Posted at Aug 17 05:57 PM

House Speaker Gloria Macapagal-Arroyo on Friday assured exporters they will keep their incentives under the second package of the tax reform program that is being deliberated at the House of Representatives. Read more »