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DOF, DICT agree to fully implement TradeNet

The Department of Information and Communications Technology (DICT) and the Department of Finance (DOF) are signing an agreement that had been pending for two years already to finally fully implement TradeNet, an online one-stop shop that streamlines export and import procedures.
Anti Red Tape Auth ....

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Digital transactions tax bill splits BSP, DOF | Bernadette D. Nicolas

THE Bangko Sentral ng Pilipinas (BSP) pushed to exempt small-value digital transactions pegged at around P500 from the imposition of value-added taxes (VAT) in a bid to shield smaller businesses and minimum wage earners from “additional tax burden” and to help hasten the public’s shift to digital payments. In this,… ....

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Govt loses ₧8.7B after giving tax perks to vaccine imports

FOREGONE revenues from tax and duty exemptions on Covid-19 vaccine imports processed by the Department of Finance (DOF) last year reached almost P8.7 billion. Finance Assistant Secretary Dakila Elteen M. Napao of the DOF’s Revenue Operations Group (ROG) said these foregone revenues amounting to P8.699 billion accounted for 37 percent… ....

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Govt collects ₧13.06B from tax amnesty tack | Bernadette D. Nicolas

THE Bureau of Internal Revenue (BIR) collected a total of P13.06 billion from its two tax amnesty programs since these were implemented in 2019. Finance Assistant Secretary Dakila Elteen M. Napao said that the government’s main collection agency raised P7.89 billion from tax amnesty on delinquencies while another P5.17 billion… ....

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Only 105 socmed influencers registered with BIR

More than half of the initial list of tax-delinquent social media influencers have yet to begin the sign-up process with the Bureau of the Internal Revenue (BIR) despite crackdown, the Department of Finance (DOF) said.

Finance Assistant Secretary Dakila Elteen M. Napao said late Friday, Oct. 8, ....

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