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Tag: Finance department

Govt collection to rise despite income tax deduction

The Finance Department said Friday it expects revenue collection to sustain growth in the long term, despite the implementation of a tax reform package...

Govt studies fixed taxes

The Finance Department said it is studying the implementation of a fixed taxation scheme which will be easier to implement than the current progressive...

Finance eyes lower estate tax of 6%

The Finance Department plans to lower the estate tax to an across-the-board 6 percent to ease the burden of taxpayers and improve the government’s...

Mindanao investments pushed

The Finance department urged the private sector to innovate their products and continue creating more jobs by establishing new businesses. “Your job, I suppose, is...

Govt forms team to cut BIR, Customs red tape

The Finance Department said Thursday it created an anti-red tape team to reduce the average number of days in processing documents in attached agencies,...

PH to privatize UCPB, casinos

The Finance Department said Tuesday it plans to privatize more assets in three years, including United Coconut Planters Bank and casinos run by Philippine...

‘Brexit’ to restrain GDP goal

External challenges, including Britain’s decision to exit the European Union, will prevent the Philippines from attaining the higher-end of its 2016 growth target, an...

January budget deficit hit P3.5b

The national government incurred a budget deficit of P3.5 billion in January 2016, as both revenues and public spending rose, the Finance Department said...

Manufacturing seen to lift growth in 2016

The strong growth of manufacturing sector in January indicates the economy can withstand  global shocks this year, the Finance Department said over the weekend. Finance...

Public debt declines

Outstanding public sector debt declined 1.6 percent year-on-year to P7.3 trillion as of end-September 2015. The Finance Department said at P7.3 trillion, the public sector...

NLEx-SLEx link faces delays

Construction of the new toll road that aims to decongest Metro Manila traffic by connecting North Luzon Expressway and South Luzon Expressway is facing...
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