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With President Duterte’s backing, the Department of Finance (DOF) on Tuesday expressed confidence that Congress would soon pass the second tax reform package aimed at providing relief to businesses struggling…
The World Bank will extend three more loans worth nearly $1 billion to the Philippines by September to help in COVID-19 response and recovery, the Department of Finance (DOF) said…
With the share of the Philippines’ foreign debt to its economy relatively low compared to most of its Asian neighbors, the government could afford to borrow more in its fight…
As more and more Filipinos go online for their financial transactions amid the COVID-19 pandemic, officials have warned of a surge in cybercrime as criminals also adjust to this “new…
MANILA, Philippines — Even as the government has been borrowing more than usual this year due to the COVID-19 pandemic, the Philippines’ debt remains “manageable” and “affordable,” the Department of…
MANILA, Philippines — The Department of Finance (DOF) is looking into reports that some Philippine offshore gaming operators (Pogos) had reopened despite their unpaid taxes, Secretary Carlos Dominguez III said…
MANILA, Philippines — No thanks to a COVID-19-induced recession, tax collections dropped by almost a fourth year-on-year to P874.9 billion as of end-May, the Department of Finance (DOF) said Friday.…
MANILA, Philippines — “It’s not only a requirement and an act of good citizenship, it also comes with benefits.” Finance Assistant Secretary Tony Lambino said this Tuesday as he urged…
The Department of Finance (DOF) did not buckle to calls not to force online sellers to register with the Bureau of Internal Revenue (BIR) and pay taxes while the country…
The transition to a less restrictive general community quarantine (GCQ) in many places was expected to narrow the unemployment rate of more than 17 percent posted last April, which broke…
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