Posts Tagged Department of Finance

Finance chief backs proposed tax on offshore gaming revenues

Robie de Guzman   •   October 22, 2019

MANILA, Philippines – The proposal to impose a five-percent tax on revenues generated by Philippine Offshore Gaming Operators (POGO) and their service providers is ‘a good idea,’ Department of Finance...

DOF coordinates with other gov’t agencies for full TradeNet rollout

Aileen Cerrudo   •   October 7, 2019

The Department of Finance (DOF) is coordinating with the Department of Information Communications Technology (DICT) and the Department of Agriculture (DA) for the full TradeNet rollout. TradeNet.gov.ph  will simplify import...

PH gov’t to close down tax-evading POGOs

Robie de Guzman   •   September 16, 2019

MANILA, Philippines – The Department of Finance (DOF) has ordered the Bureau of Internal Revenue (BIR) to close down and file charges against Philippine Offshore Gaming Operators (POGO) including their...

Phl, China ink US$219M management consultancy loan for Manila-Bicol railway

Robie de Guzman   •   August 30, 2019

MANILA, Philippines – The Philippines and China have signed an agreement for US$219.78 million Preferential Buyer’s Credit facility to fund the project management consultancy for the railway project that will...

BIR collects initial P356-M in tax liabilities from POGOs

Maris Federez   •   August 10, 2019

The Bureau of Internal Revenue (BIR) is expected to collect a total of P356 million as taxes from the Philippine Offshore Gaming Operators (POGOs) by the end of August, according...

Gov’t starts marking of tax-paid petroleum products

Robie de Guzman   •   August 2, 2019

MANILA, Philippines – The government, led by the Department of Finance and its attached agencies, Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC), on Friday started the...

DOF wants higher taxes on alcohol, e-cigarettes

Robie de Guzman   •   August 1, 2019

MANILA, Philippines – The Department of Finance (DOF) is calling on Congress to approve this year a measure that will impose higher taxes on alcohol products and electronic cigarettes (e-cigarette)...

Gov’t simulates fuel marking in Subic

Robie de Guzman   •   August 1, 2019

MANILA, Philippines – Government agencies recently held a simulation on fuel marking and testing process in Subic, Zambales, the Bureau of Customs (BOC) said. The BOC said in a statement...

DOF accepting comments on Personal Property Security Act draft IRR ‘til July 31

Robie de Guzman   •   July 30, 2019

MANILA, Philippines – Stakeholders are given until Wednesday (July 31) to submit their comments on the draft Implementing Rules and Regulations (IRR) of the Personal Property Security Act (PPSA), the...

Duterte to sign tobacco excise tax this week

Aileen Cerrudo   •   July 24, 2019

President Rodrigo Duterte will sign the proposed tobacco excise tax law this week according to the Department of Finance (DOF) on Wednesday (July 24). Finance Undersecretary Karl Chua said the...

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