Posts Tagged Department of Finance

DOF eyes tailor-fit tax, non-tax incentives to lure investors under ‘new normal’

Robie de Guzman   •   May 25, 2020

MANILA, Philippines – Department of Finance (DOF) Secretary Carlos Dominguez III is proposing a “more proactive” and “targeted” investment promotion strategy to attract the kind of foreign investors that the...

DOF eyes launching Overseas Filipino Bank, E-invoicing project in Q3

Robie de Guzman   •   May 22, 2020

MANILA, Philippines – Even with the ongoing public health crisis, the Department of Finance (DOF) said it is looking to roll out this year two digital-based programs that are aimed...

DOF warns public vs bogus cryptocurrency platform

Robie de Guzman   •   May 20, 2020

MANILA, Philippines – The Department of Finance (DOF) has warned the public against an article alleging that the Philippines is creating a platform for its citizens to invest in cryptocurrency....

Lacson supports DOF bid to hire more contact tracers amid COVID-19 crisis

Robie de Guzman   •   May 12, 2020

MANILA, Philippines – Senator Panfilo Lacson on Tuesday expressed support for the proposal of the Department of Finance (DOF) to prioritize the hiring of contact tracers to boost the country’s...

DOF lauds PNP personnel for donating over P200-M to COVID-19 response

Robie de Guzman   •   May 6, 2020

MANILA, Philippines — Department of Finance (DOF) Secretary Carlos Dominguez III on Wednesday commended the efforts of policemen to raise funds from their own pockets to donate to the government’s...

Deadlines for tax amnesty, ITR extended anew – DOF

Robie de Guzman   •   May 5, 2020

MANILA, Philippines – The Department of Finance (DOF) on Tuesday announced that the deadlines for tax amnesty and the filing of income tax returns (ITR) have been pushed back anew...

Philippines, ADB sign $200-M loan deal to augment gov’t cash aid to poor families

Robie de Guzman   •   April 30, 2020

MANILA, Philippines – The Department of Finance (DOF) on Thursday said the Philippines and the Asian Development Bank (ADB) have signed a $200-million loan agreement to augment the funding for...

Philippines, World Bank ink $100-M loan accord for COVID-19 emergency response project

Robie de Guzman   •   April 29, 2020

MANILA, Philippines – The Department of Finance (DOF) on Tuesday announced that the Philippines has signed a $100-million loan agreement with the World Bank to strengthen the country’s COVID-19 emergency...

DOF asks Congress to extend tax relief for small businesses affected by COVID-19 crisis

Robie de Guzman   •   April 27, 2020

MANILA, Philippines – The Department of Finance (DOF) on Monday said it has asked Congress to approve a measure which will allow the government to absorb the losses of small...

DOF: Gov’t spent P352-B for COVID-19 efforts

Aileen Cerrudo   •   April 24, 2020

The Department of Finance (DOF) reported that the government has so far spent P352 billion out of the P397 billion budget to fight the coronavirus disease (COVID-19) pandemic. According to...

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