TRAIN

Senate eyes Charter change that amends economic...

16 January, 2018 at 17:00

Long-envisioned but always sidelined amendments to the economic provisions of the 1987 Constitution—seen as too restrictive as to hinder the country’s global competitiveness and ability to invite investments…

Minimal impact of TRAIN on inflation seen

9 January, 2018 at 12:00

The Bangko Sentral ng Pilipinas (BSP) said the impact of the new tax law that took effect this year would be minimal at below one percent as the Department of Finance (DOF) expects the consumer price index to have eased to 3.2 percent last month.

[OPINION] Human development under the Duterte administration

8 January, 2018 at 13:13

Human resources development (HRD) is one of major initiatives of the National Competitiveness Council (NCC) for the Philippines’ global competitiveness.

Business leaders say economy ‘yet to run...

2 January, 2018 at 18:00

A stable environment helped the economy rev up in 2017, and business groups now believe tax reform, further ease of doing business…

The Extremely Busy Person’s Guide to the...

20 December, 2017 at 12:21

At 145 words, the official title of the new tax law just signed by President Rodrigo Duterte on Dec. 19…

Gov’t readies 2nd tax reform package

11 December, 2017 at 17:00

The Department of Finance early next year will seek Congress’ speedy approval of a number of tax measures, including the second reform package that will cut corporate income taxes as well as review the sin tax regime.

[OPINION] Can they deliver soon enough?

7 November, 2017 at 16:00

Let me say at the outset that the administration’s economic team is composed of highly competent people with their hearts in the right place. But they may have promised more than they can quickly deliver.

[OPINION] Can We Spend, Spend, Spend?

18 October, 2017 at 14:21

After a lengthy legislative exercise, the Senate released a Committee Report last month that consolidated 31 different bills on the Tax Reform for Acceleration and Inclusion (TRAIN).

Senate leaves BPO perks intact in TRAIN

13 October, 2017 at 14:51

Noting that the BPO industry has been one of the country’s biggest job generators, the Senate left intact the Business Process Outsourcing (BPO) industry’s tax incentives to enable the Philippines to continue attracting more investments that would spur employment and economic growth.

Senate studies option to cap sugary drinks...

25 August, 2017 at 15:00

The Senate is looking into slashing the proposed excise tax on sugary drinks to a maximum of P5 a liter depending on sugar content…

[OPINION] Unprocessed Mineral Export Ban

16 August, 2017 at 10:38

In his 2017 SONA, Pres. Duterte threatened, among others, to stop the export of unprocessed mining products. This follows the ban on similar products in 2014 by Indonesia.

Why the government TRAIN could derail

29 June, 2017 at 11:25

Under the government’s Tax Reform for Acceleration and Inclusion (TRAIN) program, projected gains from the VAT expansion (for fuel, automobile, and sugar-based foods) at P500 billion will offset revenue losses of P200 billion from the lowered personal income tax…

‘Fixing tax system to hike PHL revenues...

19 June, 2017 at 15:30

The government can collect some P433 billion in additional revenues, equivalent to 2.7 percent of GDP, by implementing reforms in the Bureau of Internal Revenue’s (BIR) tax policy and administration, according to the Department of Finance (DOF).




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