Posts Tagged DOF

Bureau of Customs steps up drive vs rice smuggling

Robie de Guzman   •   September 23, 2020

MANILA, Philippines – The Bureau of Customs (BOC) is ramping up its campaign against rice smuggling even amid the novel coronavirus disease (COVID-19) pandemic by conducting raids on warehouses suspected...

Philippines, Japan ink 50-B yen standby loan deal for post-disaster efforts

Robie de Guzman   •   September 16, 2020

MANILA, Philippines – The Philippines and Japan signed an agreement for a 50 billion yen (around P23.3 billion) standby loan which aims to quickly disburse funding support for the government’s...

DOF, BIR to allow taxpayers to settle 2018 tax deficiencies sans audit

Robie de Guzman   •   September 7, 2020

MANILA, Philippines – Taxpayers who have yet to pay their liabilities will now be able to settle them without an audit, the Department of Finance (DOF) said Monday. In a...

DOF seeks swift Congress OK of 2021 budget bill

Robie de Guzman   •   September 7, 2020

MANILA, Philippines – The Duterte administration’s economic team has urged Congress to quickly approve the proposed P4.5 trillion national budget for next year to ensure funding for government’s plans to...

PH gov’t assures balance between economy, public health amid global pandemic

Robie de Guzman   •   August 11, 2020

MANILA, Philippines – The Department of Finance (DOF) has assured the business community that the national government will continue to carry out the difficult balancing act of saving lives with...

P15.63B calamity loans, P190M unemployment benefits of COVID-hit workers approved in July – SSS

Robie de Guzman   •   August 5, 2020

MANILA, Philippines – The Social Security System (SSS) has so far approved P15.63 billion in novel coronavirus disease (COVID-19) calamity assistance loans, as of July 28, the Department of Finance...

DOF: P244-M worth of smuggled PPEs, medical supplies seized by Customs from March to May

Robie de Guzman   •   July 3, 2020

MANILA, Philippines – The Bureau of Customs (BOC) has confiscated P244-million worth of smuggled, unregistered or counterfeit personal protective equipment (PPE) and other medical supplies from March 25 to May...

Deadlines for filing of VAT refund claims extended anew, DOF says

Robie de Guzman   •   June 29, 2020

MANILA, Philippines – The Department of Finance (DOF) announced on Sunday that it has extended anew the deadlines for the filing of claims for value-added tax (VAT) refund. In a...

Release of gov’t subsidy for small business workers nearing completion — DOF

Robie de Guzman   •   June 15, 2020

MANILA, Philippines – Government payouts to workers of small businesses heavily affected by the coronavirus pandemic are nearing completion, the Department of Finance (DOF) said. Finance Assistant Secretary and spokesperson...

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...

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