Higher tobacco excise tax signed into law
THE Department of Finance (DOF) confirmed on Thursday that President Duterte has signed into law the measure further increasing the excise tax rate slapped on tobacco products.
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THE Department of Finance (DOF) confirmed on Thursday that President Duterte has signed into law the measure further increasing the excise tax rate slapped on tobacco products.
THE Bureau of Internal Revenue (BIR) is fast-tracking the processing of taxpayer identification numbers (TIN) for foreign nationals working in the country, including those working in the Philippine Offshore Gaming Operators (Pogo) sector, in line with the government’s initiative to collect the proper taxes, according to the Department of Finance (DOF).
THE Social Security System (SSS) has vowed to hasten the digitalization of its core and business processes to streamline further its processes in line with the ease of doing business law.
The Department of Finance (DOF) has invited businessmen from Japan’s Kyushu Economic Federation (Kyukeiren) to take part in the development of the Philippines’s “fast-growing” economy, persuading them to invest in the cement and steel industries vital for the implementation of the “Build, Build, Build” (BBB) infrastructure program of the Duterte administration.
LOANS extended by the Land Bank of the Philippines to the agriculture sector as of June reached P177.32 billion, accounting for the lion’s share of the bank’s total loan portfolio of nearly P800 billion during the period, a bank official said, a claim validated by the Department of Finance.
THE Department of Finance (DOF) urged lawmakers on Tuesday to consider the President’s call to pass the remaining packages under the Comprehensive Tax Reform Program (CTRP) this year.
THE Bankers Association of the Philippines (BAP) has launched an online campaign aimed at raising public awareness on cyber security amid growing concerns of cyber attackers shifting their focus to the Asia-Pacific region.
THE Bureau of Customs (BOC) destroyed on Tuesday a dozen units of cigarette-making machines, more than 1,000 master cases of various brands of counterfeit cigarettes, as well as one luxury sports car.
THE national government reported a budget deficit of P42.6 billion for the first six months of the year—a contraction of 77.91 percent compared to the P193-billion deficit reported in the same month in 2018, data from the Bureau of the Treasury (BTr) showed.
Finance Secretary Carlos G. Dominguez III and Interior Secretary Eduardo M. Año signed a joint circular ordering local government units (LGUs) to follow a set of standards fees on regulatory fees and other service charges.
THE Bureau of the Treasury (BTr) has awarded the full P15 billion on offer for Treasury bills (T-bills) auctioned off on Monday, as the market continues to be flushed with liquidity after the cuts on banks’ reserve requirements.
PRU LIFE UK has reported that it is on track to launch its asset management company before the end of this year, in line with providing its clients more diversified options for their fund investments.
AMENDMENTS to the country’s Insurance Code should be billed as a priority measure for the 18th Congress in President Duterte’s State of the Nation Address (Sona), if the Insurance Commission were to have its way.
THE country’s worsening problem of homelessness and lack of access to shelter opportunities is envisioned to soon be addressed by the government, with the signing on Friday of the implementing rules and regulations (IRR) for Republic Act (RA) 11201, or the “Department of Human Settlements and Urban Development Act.”
THE Department of Finance (DOF) wants lawmakers to impose higher taxes on electronic cigarette (e-cigarettes) and alcoholic beverages.
THE Bureau of Customs now requires third parties who transact with the bureau on behalf of other entities to register with the BOC first.
The Bureau of Customs has reported that two persons allegedly masquerading as employees of the bureau were apprehended in an entrapment operation. The suspects are allegedly involved in the “unauthorized sale” of seized items from the BOC.
THE Social Security System (SSS) has issued a circular embodying the implementing guidelines for the payment of unemployment insurance or involuntary separation benefit, in accordance with Republic Act (RA) 11199 or the Social Security Act of 2018.
THE government has earned P142.6 million from the Mile Long property in Makati City since it took over the management of the state-owned prime real estate in August 2017, the Department of Finance (DOF) said on Wednesday.
THE Bureau of the Treasury (BTr) awarded the full P20 billion for reissued seven-year Treasury bonds (T-bonds) on Tuesday as the cut in reserve requirement ratio (RRR) helped whet investors’ appetite for the government security.
THE Social Security System (SSS) is encouraging delinquent employers to avail themselves of its Contribution Penalty Condonation Program, saying it will accept applications for the CPCP until September 6.
THE Power Sector Assets and Liabilities Management Corp. (Psalm) has sent out final letters of demand for payment to 14 firms with overdue obligations totaling P1.931 billion.
The Insurance Commission (IC) has issued underwriting guidelines for health maintenance organization (HMOs) in line with the assessment of risks for persons with actual, perceived, or suspected to be with human immunodeficiency virus (HIV).
ING Bank Manila sees a possible rate cut from the Bangko Sentral ng Pilipinas (BSP) during the third quarter of this year, as it considers the dovish stance of the Federal Reserve System (the Fed).
PERSONAL remittances made by Filipinos working abroad amounted to $2.9 billion in May this year, pushing remittances to reach $13.7 billion during the first five months of 2019, the Bangko Sentral ng Pilipinas (BSP) has reported.
AN order by the Bureau of Customs (BOC) allowing non-Customs brokers to practice the profession has been described by the Chamber of Customs Brokers Inc. (CCBI) as “unfair and degrading” to professional customs brokers.
The Department of Finance (DOF) is encouraging stakeholders to review the draft implementing rules and regulations (IRR) of the Personal Property Security Act (PPSA) before July 17.
GOVERNMENT agencies have been invited to set up satellite offices at the Philippine Offshore Gaming Operators (Pogo) hubs, so that the processing of requirements the government needs from foreign workers will be more efficient and streamlined, as the hubs are envisioned to be a one-stop shop facility, a gaming executive said.
THE national government disbursed P27.407 billion in May for the payment of some of its debt, with interest payments outpacing amortization for the month, data from the Bureau of the Treasury (BTr) showed.
The promotion of insurance as mitigation tools in government’s disaster risk reduction is a measure that industry stakeholders wish President Duterte would include during his State of the Nation Address (Sona).
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