Posts Tagged Department of Finance

Duterte authorizes DOF to firm up US grant for BIR digital transformation

Robie de Guzman   •   January 20, 2021

MANILA, Philippines – President Rodrigo Duterte has authorized the Department of Finance (DOF) to enter into talks with the United States Trade and Development Agency (USTDA) for a possible $809,450...

Customs seized P9.75B worth of smuggled goods in 2020

Robie de Guzman   •   January 19, 2021

MANILA, Philippines – The Bureau of Customs (BOC) has confiscated an estimated P9.746 billion-worth of smuggled goods in 2020, the Department of Finance (DOF) said on Tuesday. Citing a report...

PH, Japan reaffirm commitment to better economic ties

Robie de Guzman   •   December 29, 2020

MANILA, Philippines – The Department of Finance (DOF) reported that the Philippines and Japan have reaffirmed their commitment to further enhance economic partnership, which includes plans to expand Japanese investments...

Deadlines on tax amnesty, voluntary assessment program extended to June 2021 – DOF

Robie de Guzman   •   December 23, 2020

MANILA, Philippines – The Department of Finance (DOF) announced it has extended anew the deadlines for availing of the Tax Amnesty on Delinquencies (TAD) and Voluntary Assessment and Payment Program...

Finance dept-attached agencies to require tax courses for hiring, promotion starting 2021

Robie de Guzman   •   December 9, 2020

MANILA, Philippines – Training courses offered by the Philippine Tax Academy (PTA) will soon become a requirement in the hiring or promotion of employees in the bureaus of Internal Revenue...

Finance Department oders PITC to remit unused public funds

Marje Pelayo   •   December 1, 2020

MANILA, Philippines – The Department of Finance (DOF) ordered the Philippine International Trading Corporation (PITC) to remit all income from interests it generated from various government agencies so the fund...

Finance chief orders BIR, BOC to probe coops used for rice imports

Robie de Guzman   •   November 27, 2020

MANILA, Philippines – Department of Finance (DOF) Secretary Carlos Dominguez III has ordered the Bureau of Internal Revenue (BIR) and the Bureau of Customs to assist in the investigation being...

PH gov’t tapping 3 sources for COVID-19 vaccine fund – DOF

Robie de Guzman   •   November 25, 2020

MANILA, Philippines – The government has identified three sources for its planned P73.2 billion novel coronavirus disease (COVID-19) vaccine fund that will enable the inoculation of the targeted 60 million...

Trust fund for college education of children from poor families eyed – DOF

Robie de Guzman   •   November 17, 2020

MANILA, Philippines – The Capital Market Development Council (CMDC) is studying the possibility of creating a child trust fund that would support the tertiary education of children from qualified poor...

Deadline of tax payments, other charges imposed by LGUs extended – DOF

Robie de Guzman   •   November 10, 2020

MANILA, Philippines – The Department of Finance (DOF) on Tuesday said it has extended to Dec. 19 the payment of all local taxes, fees, and charges imposed by local government...

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