The government is pushing for a new mining fiscal regime that is expected to provide some P38 billion in additional revenues yearly for the state in a bid to contribute to economic recovery from the pandemic.
The Department of Finance (DOF) reported that the comprehensive tax reform program (CTRP) initiated by President Duterte since he took office has yielded more than half a trillion pesos in fresh government revenues. In a report to Finance Secretary Carlos G. Dominguez III, the DOF’s Domestic Fin
The government has so far generated P575.8 billion in taxes from the tax reforms it undertook, raising additional funds to finance infrastructure buildup and social services.
New, higher taxes pitched to incoming Marcos Jr. admin to repay Duterte’s Covid-19 debts Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.