FINANCE Secretary Ralph G. Recto gave assurances on Monday that the government can still collect its much-needed revenues despite the value-added tax (VAT) exemption for registered exporters on their local purchases of goods and services. With the burden and complexity that comes with claiming VAT refunds in the country, local…
WITH the unanimous approval of the Senate bill to increase minimum daily wages in the private sector by P100, the National Economic and Development Authority (Neda) expressed concern that micro, small, and medium enterprises (MSMEs) would be unable to cope with the new policy. Neda Undersecretary for Planning and Policy…
President Ferdinand Marcos Jr. vowed on Thursday, February 8, 2024, to pursue the upskilling and re-skilling initiatives of the country’s workforce amid the new and emerging demands of the labor market.
THE Asian Development Bank (ADB) pledged to back Finance Secretary Ralph Recto s central strategy for enhanced tax collection, focusing on leveraging digital technologies to achieve more efficient and proactive tax administration.