Posts Tagged DOF

Suspension of fuel excise tax ‘detrimental’ to PH economic recovery – DOF

Robie de Guzman   •   November 15, 2021

MANILA, Philippines – The proposed suspension of excise taxes amid rising fuel prices will be inequitable and will threaten the country’s recovery and growth prospects, the Department of Finance (DOF)...

Makati subway project to get tax incentives – DOF

Robie de Guzman   •   November 8, 2021

MANILA, Philippines — The rail operations of the Makati City Subway project will be granted a four-year income tax holiday followed by five years of enhanced deductions and duty exemption...

Suspension of fuel excise tax, detrimental to economic recovery — DOF

Maris Federez   •   October 28, 2021

  MANILA, Philippines — The Department of Finance (DOF) expressed before the House Committee on Energy its opposition to the proposed suspension of excise tax on petroleum products. The DOF...

Dominguez tells DOF, attached agencies to prepare back-to-office plans

Robie de Guzman   •   October 22, 2021

MANILA, Philippines ­– Department of Finance (DOF) Secretary Carlos Dominguez III has ordered the department and its attached agencies and state corporations to prepare their respective plans on transitioning work...

DOF assures enough funds for procuring vaccine supply

Aileen Cerrudo   •   June 15, 2021

MANILA, Philippines — The Department of Finance (DOF) on Tuesday (June 15) assured that the national government has enough budget to procure coronavirus disease (COVID-19) vaccine doses. During the hearing...

We have enough money to vaccinate entire adult population — Finance chief

Maris Federez   •   June 15, 2021

MANILA, Philippines — Department of Finance Secretary Carlos Dominguez III is confident that the country has sufficient funds to have the entire adult population of around 70 million and the...

DOF: Temporary reduction of pork import tariffs ‘immediate, practicable’ solution to check inflation

Robie de Guzman   •   April 28, 2021

MANILA, Philippines – President Rodrigo Duterte’s order to allow more pork imports at lower tariffs for a temporary period is an “immediate and practicable” response to avoid price spikes, Department...

DOF urges Congress to support Duterte order to increase pork imports at lower tariff rates

Robie de Guzman   •   April 21, 2021

MANILA, Philippines – Department of Finance (DOF) Secretary Carlos Dominguez III has called on lawmakers to support President Rodrigo Duterte’s order to temporarily increase pork importations at lower tariff rates...

BIR, DOF urged to extend deadline for ITR filing

Robie de Guzman   •   April 7, 2021

MANILA, Philippines – Senator Nancy Binay on Wednesday called on the Bureau of Internal Revenue (BIR) and the Department of Finance (DOF) to reconsider their decision not to extend the...

BSP issues digital banking license for Overseas Filipino Bank

Robie de Guzman   •   April 5, 2021

MANILA, Philippines – The Overseas Filipino Bank (OFBank) has officially become the first branchless digital-only bank in the country’s history after securing a digital banking license from the Monetary Board...

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