Rappler's latest stories on Department of Finance
Former president Gloria Macapagal Arroyo is on her 3rd and last term as Pampanga congresswoman and is planning to retire next year
The government's economic team says the Department of Agriculture must improve farmers' productivity to bring food prices down
The Philippine government rejects the findings, as Philippine finance and trade officials urge the World Bank to correct the 'inaccurate and understated findings'
Finance Secretary Carlos Dominguez III says this reduces the cost of doing business for Chinese and Filipino businessmen
'I don't meet him on economic matters,' says Finance Secretary Carlos Dominguez III
The Department of Finance sees less pressure to suspend the fuel excise tax hike in 2019, with Dubai crude prices possibly tapering off in the last quarter of 2018
Finance Assistant Secretary Tony Lambino says the Trabaho bill would convince more firms to expand due to additional incentives, contrary to views of business groups
Budget Secretary Benjamin Diokno says non-infrastructure projects will be the first in line to be reviewed for postponement
'Contrary to the wrong information spreading online, the Trabaho bill will not remove the VAT and customs duties exemption on the publication, sale, and importation of books,' says the Department of Finance
The Department of Finance (DOF) expects inflation to hit another 9-year high
Finance Undersecretary Karl Kendrick Chua says over 97,000 small and medium enterprises can expand their businesses and generate more jobs due to lower taxes
The investors raise concerns in a meeting with House officials and the Department of Finance to tackle the tax reforms under the Trabaho bill
Finance Secretary Carlos Dominguez III says foreigners 'will not invest' if the rules under federalism are not clear
'We are not naive. We know all ODA (official development assistance) projects of all countries are designed to influence,' says Finance Secretary Carlos Dominguez III
Economic managers aim to cut corporate taxes and push for a simpler fiscal incentive scheme, so what's stopping them? Two Goliaths: politics and money.
Finance Secretary Carlos Dominguez III forms a high-level task force to recover the P11 billion worth of undue tax credits
The Commission on Audit (COA) recommends that the Department of Finance come up with a 'more realistic budget proposal'
Build, Build, Build is currently financed by taxes, official development assistance, and commercial loans
Finance Secretary Carlos Dominguez III previously said the samurai bond sale will happen sometime in the 3rd or 4th quarter of the year
Ex-Department of Finance undersecretary Sunny Sevilla says he is 'dumbfounded' by his former agency's 'tone-deaf, misleading economic commentary'
Step down from your ivory tower and embrace reality – the reality of the shrinking peso, in the truest meaning of the word
The Philippines' budget deficit from January to April is at P115.9 billion, lower than the P167.1-billion projection
The proposed amount is more than twice the average allocation, and could be the agency's largest budget if approved
Customs Commissioner Lapena says, 'smugglers nowadays are bold to import these counterfeit items because majority of the Filipinos patronize fake products (for) its cheaper price'
Philippine Finance Secretary Carlos Dominguez III says the revenues would help pay off Japan's loan for the construction of the subway
During the country’s annual briefing with the Asian Development Bank, Finance Secretary Carlos Dominguez III says, 'Mindanao today is at the front and center of the Build, Build, Build infrastructure program'
Customs chief Isidro Lapeña says the bureau has to sustain until yearend the P2-billion monthly collection surplus it has registered so far
'Our efforts to create a more business- and investor-friendly environment are gaining traction,' says Socioeconomic Planning Secretary Ernesto Pernia, after an American firm ranked the Philippines as the best country to invest in
The Department of Finance attributes this to the higher prices of sin products such as cigarettes and alcoholic beverages
Dennis Mapa, dean of the UP Diliman School of Statistics, also says the P200 monthly subsidy for poor Filipino households is not enough to offset the impact of the tax reform law
The loan will go towards expanding the Plaridel Bypass Road from two lanes to a 4-lane carriageway national road
The Philippine government earmarks less than P90 million for the hosting of the Asian Development Bank annual meeting in 2018, lower than the P200 million it spent in 2012
Excise tax payments on Mighty brands surge by 262% to P20.22 billion from September to December 2017, compared to the same period in 2016, when Mighty was still controlled by its previous owners
The Philippine Tax Whiz answers questions on the new excise tax on cosmetic surgery
The scholarships are for employees – to train the next generation of public finance managers – while the DOF supports a JICA program open to those in the private sector
The Philippine Tax Whiz explains what the Tax Reform for Acceleration and Inclusion (TRAIN) law is all about
A total of 10 million families would benefit from the Unconditional Cash Transfer (UCT) scheme, says the Department of Social Welfare and Development
'All in all, the first package of TRAIN was an opportunity to correct many problems that have long ailed our tax system. While a step in the right direction, many of TRAIN’s well-meaning provisions got watered down by politicians.'
Payroll managers start adjusting their systems to reflect the new withholding tax rates. Supermarkets, oil retailers, convenience stores, and even sidewalk vendors begin updating their price lists.
The National Tax Research Center says this increase would discourage low-income earners from gambling and would also lead to higher revenue collection for infrastructure projects
New excise tax rates on petroleum products are levied upon importation, not at the point of sale to the consumers
In 2017, the Bureau of Internal Revenue booked the country's biggest-ever tax settlement case: Mighty Corporation's about P30 billion liabilities
Our electricity bills would likely increase not because of a coal tax but because coal will become more expensive in the years to come relative to renewable energy
The Philippine Tax Whiz proposes a flat tax rate based on gross for small businesses
The son of Jonas Dela Peña Amora says they do not consider the arrest of the alleged gunman as an attainment of justice
The Philippine Tax Whiz proposes a salary tax exclusive to employees
The Philippine government will be the issuer while the Bank of China will be the lead underwriter in a 1.2 billion RMB offering aimed at Chinese investors
The Department of Finance is looking into building a logistics backbone for MSMEs and popularizing China's 3-1-0 online loan initiative in the Philippines
There could be fewer infrastructure projects if the Senate version will be adopted, says Socioeconomic Planning Secretary Ernesto Pernia
The Department of Finance is cooperating with the Department of Information and Communications Technology on the system which it expects to be fully operational by 2021