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Tax reforms, GUIDE are still priorities even without Duterte's push


BusinessWorld
July 29, 2021 | 12:34 am
Reporters
THE LAST TWO packages under the comprehensive tax reform program, as well as a bill equipping state-run banks to lend more to distressed businesses are still priority measures, officials said, even if President Rodrigo R. Duterte did not mention these during his last State of the Nation Address (SONA).
In a Viber message on Wednesday, Finance Assistant Secretary Maria Teresa S. Habitan said they would seek an urgent certification on the proposed Passive Income and Financial Intermediary Taxation Act (PIFITA) and the Real Property Valuation and Assessment Reform Act “as soon as they are approved on second reading at the Senate.” ....

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DOST assures P1.7-B unused scholarship funds will be retuned to gov't coffers – Manila Bulletin


(DOST-SEI)
DOST-SEI Director Dr. Josette Biyo assured the public that the funds will be remitted to the Bureau of the Treasury (BTr) after the Commission on Audit (COA) flagged the Institute for its unutilized funds and directed them to return these funds to the state coffers.
“To date, SEI is now in the process of preparing the necessary documents for the reversion of the P1.7 billion to the Bureau of the Treasury which accumulated over the years,” she told the Manila Bulletin in a Viber message.
She explained that DOST-SEI has been authorized expressly by Section 4 of Republic Act No. 7687 to create the Science and Technology Scholarship Fund to ensure fulfillment of the institute’s mandate. ....

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