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PIFITA bill set for plenary by May - BusinessWorld Online

PIFITA bill set for plenary by May - BusinessWorld Online
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Foreign partners, tech, simpler tax system seen to boost PHL mineral sector

Foreign partners, tech, simpler tax system seen to boost PHL mineral sector
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Tweaks on Package 4 of CTRP to yield P12.2 billion | Reine Juvierre S. Alberto

THE national government will stand to gain P12.2 billion by frontloading the implementation of the revenue-increasing provisions in 2024 under the refined proposal on Package 4 of the Comprehensive Tax Reform Program (CTRP), according to the Department of Finance (DOF). DOF’s proposal on Package 4 of the CTRP or the… ....

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DOF: PIFITA spells P126B in government revenue loss | Jasper Emmanuel Y. Arcalas

SIMPLIFYING and harmonizing the country’s tax structure on passive income and financial intermediary would cost the national government to lose P21 billion annually or a total of nearly P126 billion in six years, a finance official said. In his presentation before senators, Finance Assistant Secretary Karlo Fermin S. Adriano discussed… ....

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30% cut in D.A. budget could derail Marcos C.S.F. plans

THE reduction in the agriculture department’s budget for infrastructure program by almost 30 percent could derail President Marcos’s plan of building more cold storage facilities (CSF) for commodities nationwide, according to a policy study. The Congressional Policy and Budget Research Department (CPBRD) noted that the Agriculture Machinery & Equipment, Facilities… ....

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