^
+ Follow FISCAL AFFAIRS DEPARTMENT Tag
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 1305357
                    [Title] => DOF: 1.5% of GDP lost from tax incentives
                    [Summary] => 

The Department of Finance (DOF) on Wednesday said the government lost at least 1.5 percent of gross domestic product in 2011 due to revenue loss from granting income tax holidays, reduced income tax rates and duty to investments.

[DatePublished] => 2014-03-26 14:20:36 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1422137 [AuthorName] => Jovan Cerda [SectionName] => Business [SectionUrl] => business [URL] => http://media.philstar.com/images/the-philippine-star/business/business-main/20140326/income-tax-incentives.jpg ) [1] => Array ( [ArticleID] => 857149 [Title] => Perks rationalization seen key to Phl upgrade [Summary] =>

The passage of a measure that would rationalize fiscal incentives could help the Philippines achieve the much-awaited credit rating upgrade, the International Monetary Fund’s new resident representative for the Philippines said.

[DatePublished] => 2012-10-08 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 790617 [Title] => IMF pushes unitary tax system [Summary] =>

The International Monetary Fund (IMF) recommended the adoption of a unitary sin tax system and indexation of excise taxes to inflation as proposed under House Bill 5727, which is currently pending before the House ways and means committee.

[DatePublished] => 2012-03-26 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 620565 [Title] => IMF, MCC sign accord to help reform BIR [Summary] =>

The US government’s Millennium Challenge Corp. (MCC) and the International Monetary Fund (IMF) have signed a partnership agreement to provide capacity-building support for the reform and modernization of tax administration in the Philippines to increase revenue collection and reduce opportunities for corruption.

[DatePublished] => 2010-10-15 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1415410 [AuthorName] => Jose Katigbak [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 416483 [Title] => IMF names new RP resident representative [Summary] =>

The International Monetary Fund (IMF) has appointed a Dutch economist as its new resident representative to the Philippines, replacing three-year veteran Reza Baqir.

[DatePublished] => 2008-11-20 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 170251 [Title] => Government eyes $400-M from sale of 10% stake in Malampaya [Summary] => The government expects to raise $400 million from the sale of its 10-percent stake in the $2-billion Malampaya gas project.

Cabinet sources told reporters yesterday that the administration is hoping to complete the sale within the year following the appointment of the European investment bank, Credit Lyonaise as financial adviser.

They said the proceeds of the sale will "be critical in financing" the government’s P800.7- billion budget for next year.
[DatePublished] => 2002-07-31 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
FISCAL AFFAIRS DEPARTMENT
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 1305357
                    [Title] => DOF: 1.5% of GDP lost from tax incentives
                    [Summary] => 

The Department of Finance (DOF) on Wednesday said the government lost at least 1.5 percent of gross domestic product in 2011 due to revenue loss from granting income tax holidays, reduced income tax rates and duty to investments.

[DatePublished] => 2014-03-26 14:20:36 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1422137 [AuthorName] => Jovan Cerda [SectionName] => Business [SectionUrl] => business [URL] => http://media.philstar.com/images/the-philippine-star/business/business-main/20140326/income-tax-incentives.jpg ) [1] => Array ( [ArticleID] => 857149 [Title] => Perks rationalization seen key to Phl upgrade [Summary] =>

The passage of a measure that would rationalize fiscal incentives could help the Philippines achieve the much-awaited credit rating upgrade, the International Monetary Fund’s new resident representative for the Philippines said.

[DatePublished] => 2012-10-08 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 790617 [Title] => IMF pushes unitary tax system [Summary] =>

The International Monetary Fund (IMF) recommended the adoption of a unitary sin tax system and indexation of excise taxes to inflation as proposed under House Bill 5727, which is currently pending before the House ways and means committee.

[DatePublished] => 2012-03-26 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 620565 [Title] => IMF, MCC sign accord to help reform BIR [Summary] =>

The US government’s Millennium Challenge Corp. (MCC) and the International Monetary Fund (IMF) have signed a partnership agreement to provide capacity-building support for the reform and modernization of tax administration in the Philippines to increase revenue collection and reduce opportunities for corruption.

[DatePublished] => 2010-10-15 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1415410 [AuthorName] => Jose Katigbak [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 416483 [Title] => IMF names new RP resident representative [Summary] =>

The International Monetary Fund (IMF) has appointed a Dutch economist as its new resident representative to the Philippines, replacing three-year veteran Reza Baqir.

[DatePublished] => 2008-11-20 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 170251 [Title] => Government eyes $400-M from sale of 10% stake in Malampaya [Summary] => The government expects to raise $400 million from the sale of its 10-percent stake in the $2-billion Malampaya gas project.

Cabinet sources told reporters yesterday that the administration is hoping to complete the sale within the year following the appointment of the European investment bank, Credit Lyonaise as financial adviser.

They said the proceeds of the sale will "be critical in financing" the government’s P800.7- billion budget for next year.
[DatePublished] => 2002-07-31 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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