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Lawmakers to tackle bills seeking to ease limits on ownership
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Press Release - Opening Statement Senator Pia S Cayetano Chair, Committee on Ways & Means
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Duterte urges Congress to pass remaining tax reform bills
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Finance Secretary Carlos G. Dominguez III said the signing of the memorandum of agreement on information exchange and reconciliation by the DOE with the Bureaus of Internal Revenue (BIR) and of Customs will further strengthen their fight against oil smuggling.
Dominguez added that he also expects the accord will curb the misdeclaration of imported petroleum products, which will lead to increased revenue collections and ensure fair competition among oil companies.
“Having gone through the ravages of a pandemic and funding our nation’s economic recovery, the government needs all the revenue it can muster,” said Dominguez in his pre-recorded message during the virtual signing ceremony.
Lawmaker eyes cash transfers funded by taxes on the rich under new Bayanihan law
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