An estimated P14 billion windfall from value-added tax (VAT) collections on petroleum products can be redirected toward direct financial aid for Filipinos affected by...
"When will this government begin to share in the people’s hardships?"
WINDFALL gains are defined by Investopedia as “unexpected…financial windfalls (money, assets or profits) resulting...
Local oil companies have expressed support for a temporary suspension of the value-added tax (VAT) on petroleum products at the point of importation, saying...
Members of the militant women’s group Gabriela stage a protest rally outside the Department of Finance headquarters in Manila, demanding the removal of what...
Senator Francis Escudero on Thursday clarified that his proposal to exempt electricity sales from the 12% value-added tax (VAT) is a targeted intervention distinct from...
BEIJING—China has made condoms and other contraceptives more expensive as it tries to boost birth rates, but residents in Beijing and analysts say the...
The Department of Finance (DOF) has publicly asked Cavite Fourth District Rep. Francisco Barzaga to cease disseminating "fake news" regarding a supposed plan to...
Department of Finance (DOF) Secretary Ralph Recto warned on Thursday that proposals to lower the value-added tax (VAT) rate could severely damage government finances,...
The Bureau of Internal Revenue (BIR) tapped Land Bank of the Philippines to create the Value-Added Tax on Digital Services (VDS) Portal.
The platform will...
