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Philippines corporate income tax collection lagging

Fiscal incentives have led to the Philippines recording the lowest collection efficiency in the region with regard to corporate income taxes, the Finance department claimed on Tuesday. In a statement, the department noted that the country — which imposes the highest corporate income tax rate in the Association of Southeast Asian Nations at 30 percent […]

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Philippines: TRAIN to push 2018 revenues to P2.806 trillion

MANILA, Philippines — The national government’s revenue is projected to reach P2.806 trillion this year due to additional collections to be generated from the final tax reform law, data from the Department of Finance (DOF) showed. According to DOF estimates, the government’s revenue program for this year may be slightly adjusted upward to P2.806 trillion […]

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Philippines readies global bonds sale in Q1

MANILA: The Philippines is looking to issue sovereign bonds in the first quarter of the year to help finance this year’s budget, its finance minister said, signalling the government is stepping up efforts to upgrade the nation’s infrastructure. Finance Secretary Carlos Dominguez told a news conference the bond offering could happen between January and February, […]

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