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Dominguez suggests NAIA property sale

Outgoing Finance Secretary Carlos G. Dominguez III said the next administration may possibly consider selling the property where the Ninoy Aquino International Airport (NAIA) is built on to raise more revenues. While privatization is not included in his fiscal consolidation program proposal to P

DOF: Defer PIT reduction, remove VAT exemptions

The Department of Finance (DOF) is proposing to defer the implementation of the reduced personal income tax (PIT) rate as well as the removal of certain value-added tax (VAT) exemptions as part of its fiscal consolidation program to address the country’s ballooning pandemic-induced debts. These

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