Philippine Economic Zone Authority (PEZA) Chief Charito B. Plaza repeats her call to permit investors to keep their current fiscal incentives, exempting them from the new tax regime.
The Department of Finance (DOF) Secretary Carlos Dominguez III praises the role of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill in attracting investments for renewable energy in the Philippines.
President Rodrigo Duterte certifies the Financial Institutions Strategic Transfer (FIST) act, along with other senate bills, as urgent to support the Philippine financial sector and the Anti-Money Laundering Law amid the COVID-19 pandemic.
Senator Francis Pangilinan urges the government to convert the excess revenue from the Rice Tariffication Law (RTL) to cash assistance as prices of palay (unhusked rice) continue to decrease.
Senator Christopher “Bong” Go commends the ongoing collaboration between the government’s executive and legislative branches for ensuring the passage of a bill that seeks to create a new department for Overseas Filipino Workers (OFWs).
Magdalo Para sa Pilipino Party-List Representative Manuel Cabochan III proposes a bill providing hazard pay to health workers during the COVID-19 pandemic.
The Senate filed a bill proposing to extend the capacity of government financial institutions (GFIs) to provide and grant loans to enterprises affected by the COVID-19 pandemic.
Senator Francis “Kiko” Pangilinan proposes for immediate passage of a bill exempting tax for local manufacturers of surgical masks, personal protective equipment (PPE) sets, test kits, ventilators, and other medical products necessary for battling the COVID-19 pandemic.
Senate President Vicente Sotto III, during the Senate hearing on Monday, July 27, stated that they will prioritize laws that seek to relieve Filipinos from the impacts of COVID-19 in the Philippines.
With the ever-growing interdependence of economies and the dramatic increase in globalization of trade, tax leakages are expected to exist.