The World Bank is urging the Philippine government to fully implement tax administration reforms to cope with the global financial crisis.

In its recently released quarterly report, the World Bank said there are indications… Read the rest

Dividends remitted by state-run firms to the National Government (NG) declined to P5.41 billion from January to October this year, a P3.46 billion decline from the P8.87 billion recorded in the same period last… Read the rest

A Cabinet plan to rationalize the fiscal incentives system gains support in the House of Representatives, with Rep. Exequiel Javier filing a bill to set curbs on the tax deductible expenses of professionals and self-employed.… Read the rest

The European Union (EU) has adopted a new regulation on its Generalized System of Preferences (GSP) scheme that will allow 176 developing countries, including the Philippines, to continue enjoying preferential access to the EU market.… Read the rest

There is no relief yet for ordinary workers despite the law exempting minimum wage earners from income taxes.

Senators Manuel Roxas II and Francis Escudero lamented that the law was not being enforced because the… Read the rest

When President Gloria Arroyo signed Republic Act 9504 into law less than three months ago, the government announced that it was giving immediate financial relief to low-income workers. However, the agencies—led by the Bureau… Read the rest

Malacañang gave assurances yesterday that no new taxes would be imposed despite fears of reduced government revenues brought about by the global economic slowdown.

President Arroyo’s economic managers in a press conference at the Palace… Read the rest

Local and foreign businessmen are asking President Arroyo and the Department of Finance to change the planned implementation of the “Tax Relief Package” because the current strategy is expected to delay and even… Read the rest

MANILA, Philippines—The Trade Union Congress of the Philippines on Tuesday called on the Department of Finance to exercise transparency and hold consultations with workers’ groups in the realization of the implementing rules and regulation… Read the rest

The Times editors asked some adepts in the civil service issue “What kind of civil service do you wish to see in our country?”

Civil Service Commissioner MARY ANN Z. FERNANDEZ-MENDOZA

I desire a future where… Read the rest