The Department of Finance (DOF) is calling the Senate to swiftly approve the remaining packages under the Corporate Tax Reform Program (CTRP) to support the economic recovery of the Philippines amid COVID-19.
The House of Representatives approved the Participatory Budgeting (PB) Bill in the Philippines on Monday, August 10, encouraging and institutionalizing the participation of critical sectors of society in national budget deliberations.
Senate leaders vow to ensure a speedy passage on priority measures despite their hybrid session on Monday, July 26.
The Philippine Institute for Development Studies (PIDS) suggests that the government should prioritize the passage of a law supporting electronic vehicles (EVs) in the country.
President Rodrigo Duterte urged Congress on Thursday, June 24, to prioritize the passage of two remaining tax reform bills under his administration.
Business groups are urging Congress to protect and exclude business proprietary information from House Bill (HB) No. 3237, also known as the Freedom of Information (FOI) Bill in the Philippines.
Thirteen business groups support the changes to be made in the Public Service Act that could increase more foreign direct investments (FDIs) in the Philippines.
Several business groups are urging the Senate to immediately pass the Real Property Valuation and Assessment Reform (RPVAR) Act. This is part of Package 3 of the Comprehensive Tax Reform Program (CTRP) of the Duterte administration.
Senate President Pro Tempore Ralph Recto urges the government to procure COVID-19 vaccines for the Philippines for 2022.
The Bureau of Internal Revenue (BIR) recently released new revenue regulations to implement the recently-enacted Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act.