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Second round of sin tax hikes seen to generate P61.3-B revenue...

THE DEPARTMENT of Finance (DoF) said the government may get an additional P61.3 billion revenues in the second round of sin tax hikes proposed...

Ecozone stakeholders worried TRAIN 2 will drive away FDI

STAKEHOLDERS representing various economic zone constituencies said they are worried about the impact of the government’s plan to reform corporate incentives on foreign direct investment (FDI).

Senator warns derailment of TRAIN 2

SENATOR Joseph Victor G. Ejercito on Sunday warned the second package of the tax reform program will be derailed in the Senate if it would cause “hardships” to Filipinos.

Electronics firms brace for higher tax cost

ELECTRONICS companies in the country -- a key driver of merchandise exports -- are bracing for bigger costs once planned changes to current fiscal incentives are implemented.

SEIPI sees production cost rising by 40% because of TRAIN 2

The Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) said the proposed terms under the tax reform's second package may hike the...

Wage boards briefed on impact of TRAIN law

THE National Wages and Productivity Commission (NWPC) said regional wage boards have been briefed about the impact of tax reform by key government agencies, which provided data that the boards are expected to consider when they rule on wage petitions.

Finance dep’t touts sustained fiscal performance as of May

THE GOVERNMENT’S “impressive” fiscal performance was sustained in May, the Finance chief said, adding that this showed successful implementation of Republic Act No. 10963 or the Tax Reform for Acceleration and Inclusion (TRAIN) law.

Duterte leaves the fate of tax reform law to Congress

President Rodrigo R. Duterte on Sunday, June 3, said he is leaving the fate the controversial Tax Reform for Acceleration and Inclusion (TRAIN) amidst...

Around half of establishments with productivity schemes in 2015 availed of...

OF THE 2,448 establishments that set up productivity schemes in 2015, around half availed themselves of tax incentives under the Productivity Incentives Act of 1990 (Republic Act 6971), according to the latest biennial Integrated Survey on Labor and Employment conducted by the Philippine Statistics Authority (PSA).

ECCP to keep urging government to retain fiscal incentives under TRAIN...

By Arjay L. Balinbin, Reporter The European Union (EU) business community in the Philippines on Tuesday, May 29, vowed that they will “continue to strongly...