IMPORT DUTIES on certain goods with environmental applications will be lowered following the issue of an executive order by President Benigno S. C. Aquino III, helping the Philippines meet green growth and sustainable development commitments to its regional partners.
THE BUREAU of Internal Revenue (BIR) said it has ordered taxpayers to submit an inventory of cash registers, a move intended to boost the tax authority’s monitoring of sales in business establishments.
FISCAL transparency in the Philippines is generally compliant with standards set by the International Monetary Fund (IMF), with the lender also indicating that reforms could further improve the country’s scores.
Certain provisions of the Philippine Constitution were crafted to protect the rights of Filipino citizens to utilize our natural resources and to engage in nationalized activities. However, this should not deter foreign economic investments that would allow the country to efficiently explore these natural resources and effectively operate public utilities or reserved activities.
INFRASTRUCTURE spending in April rose by more than two-fifths on the back of higher disbursements from the Department of Public Works and Highways (DPWH) but the total for the first four months was still below year-earlier levels, data from the Department of Budget and Management (DBM) showed.
CANADA wants talks for a free trade agreement (FTA) with the Philippines to cover as much ground as possible before the change of government in Manila.
DAVAO CITY — Small and medium enterprises (SMEs) and exporters in Davao Region have expressed support for the P18.99-billion Sasa Port modernization project under the public-private partnership (PPP) program, providing a base of support for the project, which has drawn criticism from big business groups and local governments.
THE GOVERNMENT remains on track for a timely enactment of next year’s budget, with economic managers expected to review the Aquino administration’s final spending program today, the Department of Budget and Management (DBM) said.
THE NATIONAL Renewable Energy Board (NREB) has applied for a lower tariff for wind projects under the feed-in tariff (FIT) scheme to accommodate the doubled capacity allocated for the technology.
A few days ago, I was invited to discuss estate taxes. One of the questions proferred by viewers was whether the Philippines should repeal estate taxes. The viewer probably thought that imposing estate tax on top of the various taxes that we as taxpayers have to shoulder is a huge an imposition on our overstretched budgets.