Department of Finance

Latest articles

8h
San Francisco Chronicle
Why California employers are still paying for recession-era jobless benefitsbe retired in 2018 and by year end, the once-depleted fund should have a $1.8 b
San Francisco Chronicle / Posted 8 hours ago
be retired in 2018 and by year end, the once-depleted fund should have a $1.8 billion surplus, according to the California Department of Finance. That means this should be the last year employers in the state owe the aggravating tax. Other state... Read more
13h
Pilipino Star
Tax reform program's 'Package 2 plus' to be submitted to Congress by end-JanuaryMANILA, Philippines — The Department of Finance on Tuesday said it plans to sub
Pilipino Star / Posted 13 hours ago
MANILA, Philippines — The Department of Finance on Tuesday said it plans to submit “package two plus” of the Duterte administration’s Comprehensive Tax Reform Program (CTRP) by the end of January. In a speech during the 2018 inaugural meeting of... Read more
3 related articles
14h
Arkansas Democrat-Gazette
Ruling boosts state agencies' suit immunityServices, the Capitol Zoning District Commission, the state Department of Corre
Arkansas Democrat-Gazette / Posted 14 hours ago
Services, the Capitol Zoning District Commission, the state Department of Correction, the Towing and Recovery Board, the Department of Finance and Administration and the Arkansas Teacher Retirement System. Not every agency appeal invokes the... Read more
14h
Inquirier.net
Finance chief: Tax regime under federal gov’t seen ‘very challenging’are expected to be “very challenging,” the head of the Duterte administration’s
Inquirier.net / Posted 14 hours ago
are expected to be “very challenging,” the head of the Duterte administration’s economic team said Tuesday, even as the Department of Finance is readying to submit to Congress three more tax reform packages in the next six months. “Let’s just... Read more
3 related articles
15h
Pilipino Star
DOF sees faster economic expansion in 2018MANILA, Philippines — The Department of Finance on Tuesday said it expects the
Pilipino Star / Posted 15 hours ago
MANILA, Philippines — The Department of Finance on Tuesday said it expects the economy to grow faster in 2018 despite firming up below market expectations in the fourth quarter of 2017. The country’s gross domestic product — or the value of all... Read more
3 related articles
1d
Inquirier.net
Tax stamps for alcoholic drinks implemented in 1st quarter — BIR2018, the BIR is tasked to collect P2.039 trillion in taxes, up from P1.779 tri
Inquirier.net / Posted yesterday
2018, the BIR is tasked to collect P2.039 trillion in taxes, up from P1.779 trillion last year. Department of Finance data showed that the government targets excise tax collections from cigarettes this year to reach... Read more
2d
Pilipino Star
Lower corporate taxes to boost Phl stocksLast week, the Department of Finance (DOF) submitted the second package of the
Pilipino Star / Posted 2 days ago
Last week, the Department of Finance (DOF) submitted the second package of the Duterte administration’s comprehensive tax reform program to Congress. The second tranche of tax reform is envisioned to be revenue neutral as it aims to lower corporate... Read more
3 related articles
2d
Pilipino Star
Philippine economy likely grew by 6.7% in Q4 — Moody’ssaid. Currently, the estimated incremental revenues to be raised from the law
Pilipino Star / Posted 2 days ago
said. Currently, the estimated incremental revenues to be raised from the law is about P89.9 billion. According to the Department of Finance (DOF), part of the additional revenues to be generated from the tax reform law will be used to fund the... Read more
3 related articles
2d
Arkansas Democrat-Gazette
Proposal on reserve cash wins plauditsproceeds into that fund. The rainy-day fund holds $20.6 million and the long-t
Arkansas Democrat-Gazette / Posted 2 days ago
proceeds into that fund. The rainy-day fund holds $20.6 million and the long-term reserve holds $123.4 million, said state Department of Finance and Administration spokesman Scott Hardin. Under state law, the long-term reserve may be tapped only... Read more
3d
Pilipino Star
BIR releases 4 revenue regulations under TRAINis targeting to complete by the end of January the implementing rules and regul
Pilipino Star / Posted 3 days ago
is targeting to complete by the end of January the implementing rules and regulations of TRAIN, in coordination with the Department of Finance. Euvimil Nina Asuncion, a member of the BIR Legal Group and the drafting committee of the IRR, said... Read more
2 related articles
3d
Pilipino Star
Congress scraps tax on pickupsrevenue from the rich who buy Land Cruisers and other high-end vehicles. Many
Pilipino Star / Posted 3 days ago
revenue from the rich who buy Land Cruisers and other high-end vehicles. Many senators and House members use Land Cruisers and other luxury SUVs. The Department of Finance and the House of Representatives wanted higher excise taxes for all vehicl... Read more
3d
Arkansas Democrat-Gazette
Government shuts downstate's budget administrator, told lawmakers Friday. Speaking to the Arkansas
Arkansas Democrat-Gazette / Posted 3 days ago
state's budget administrator, told lawmakers Friday. Speaking to the Arkansas Legislative Council, Baird said the state Department of Finance and Administration has visited with various agencies to gauge the impact of a federal shutdown. He... Read more
3620 related articles
4d
Pilipino Star
Best we can do is give it a chanceyet fully absorbed the full impact of TRAIN. The implementing rules and regulat
Pilipino Star / Posted 4 days ago
yet fully absorbed the full impact of TRAIN. The implementing rules and regulations (IRR) have not yet been released by the Department of Finance—they promised that these would be out before the end of the month but employers have been ordered to... Read more
4d
Pilipino Star
$2-billion global bond sale a success — DOFworth of new 10-year global bonds amid strong investor confidence from the inte
Pilipino Star / Posted 4 days ago
worth of new 10-year global bonds amid strong investor confidence from the international capital market, according to the Department of Finance (DOF). In a statement, the DOF said the debt papers, maturing by 2028, fetched a coupon rate of three... Read more
2 related articles
4d
Arkansas Democrat-Gazette
Panel supports treasurer's request to hire tech chiefto the approval of the state Board of Finance, which includes, among others, Go
Arkansas Democrat-Gazette / Posted 4 days ago
to the approval of the state Board of Finance, which includes, among others, Gov. Asa Hutchinson, state Auditor Andrea Lea, Department of Finance and Administration Director Larry Walther and Milligan. "No, sir. This would be outside of the... Read more
4d
Irish Examiner
Apple still has to repay €13bnin August 2016 and has since taken the Government to court over its delays in r
Irish Examiner / Posted 4 days ago
in August 2016 and has since taken the Government to court over its delays in recovering the money. A spokesman for the Department of Finance said it had no indication the US tax payment would affect its recovery of the money. “Ireland has an... Read more
3 related articles
4d
dna
Govt to install RO purifiers at 3,000 villages in Maharashtraa plan to further the campaign of open-defecation free villages. Under the plan
dna / Posted 4 days ago
a plan to further the campaign of open-defecation free villages. Under the plan, the department has conveyed it to the department of finance that there is a need to provide water purification systems in villages which have more than 50 TDS or... Read more
5d
Inquirier.net
‘Excellent’ net satisfaction rating for admin performance, says SWShave transport groups clamoring for fare increases and power distributors annou
Inquirier.net / Posted 5 days ago
have transport groups clamoring for fare increases and power distributors announcing that their rates would go up. The Department of Finance, however, claims that price increases due to the excise on fuel would be minimal. Undiminished... Read more
13 related articles
5d
Arkansas Democrat-Gazette
Firing advances contract tweaksthe company, Armstrong said. Three company officials said in a memo dated Jan.
Arkansas Democrat-Gazette / Posted 5 days ago
the company, Armstrong said. Three company officials said in a memo dated Jan. 9 to Larry Walther, director of the state Department of Finance and Administration, that the firm has terminated Green permanently and will not be hiring him as a... Read more
5d
Arkansas Democrat-Gazette
2 vets homes struggle to fill nursing postschief fiscal officer. "ADVA has found it difficult to compete for LPNs in the
Arkansas Democrat-Gazette / Posted 5 days ago
chief fiscal officer. "ADVA has found it difficult to compete for LPNs in the current market and is working with [the Department of Finance and Administration]/Office of Personnel Management (OPM) to explore ways to improve the ADVA's ability... Read more
5d
Inquirier.net
Zubiri calls for probe vs illegal profiteers of TRAIN Lawsaid he was alarmed over the reported price increases even without the advise o
Inquirier.net / Posted 5 days ago
said he was alarmed over the reported price increases even without the advise of the Bureau of Internal Revenue (BIR), Department of Finance (DOF), and the Department of Trade and Industry (DTI). “Naalarma nga ako na nagkaroon ng price... Read more
5d
EveningTimes Online
Business leaders warn of closures if rates are hikedbusiness rates, we need to see them decreased.” They added: “What makes this p
EveningTimes Online / Posted 5 days ago
business rates, we need to see them decreased.” They added: “What makes this proposal even more unacceptable is that the Department of Finance also suggests not replacing the small business rate relief scheme, which would be a double whammy for... Read more
5d
Croydon Guardian
Business leaders warn of closures if rates are hikedbusiness rates, we need to see them decreased.” They added: “What makes this p
Croydon Guardian / Posted 5 days ago
business rates, we need to see them decreased.” They added: “What makes this proposal even more unacceptable is that the Department of Finance also suggests not replacing the small business rate relief scheme, which would be a double whammy for... Read more
6d
Inquirier.net
Japan funding for key PH infra deals readiedalong with the agreement for the Plaridel Bypass Road in Bulacan, both of which
Inquirier.net / Posted 6 days ago
along with the agreement for the Plaridel Bypass Road in Bulacan, both of which are financed by Japan. According to the Department of Finance (DOF), the contract for the initial tranche of the 104.5-billion yen ($929.1 million at current... Read more
2 related articles
6d
Crain's New York Business
City sees tax gain as real estate values jump 9%activity in New York City, which is not just concentrated in Manhattan," Jacque
Crain's New York Business / Posted 6 days ago
activity in New York City, which is not just concentrated in Manhattan," Jacques Jiha, the city’s commissioner for the Department of Finance, said in a statement. Real estate taxes are the largest contributor to the city’s revenue and the... Read more
6d
The Manila Times
Ma. Victoria Españo and the ‘butterfly’ effectPhilippine Normal University, she became a legislative liaison specialist at th
The Manila Times / Posted 6 days ago
Philippine Normal University, she became a legislative liaison specialist at the National Tax Research Center (NTRC) of the Department of Finance (DoF). She got actively involved in the formulation of significant tax legislations such as the... Read more
6d
The Manila Times
FINEX advocacies through the decadesLaw, and the Real Estate Investment Trust Act. FINEX also co-chairs the Capital
The Manila Times / Posted 6 days ago
Law, and the Real Estate Investment Trust Act. FINEX also co-chairs the Capital Market Development Council along with the Department of Finance and the Securities and Exchange Commission, which are currently crafting the Philippines’ Capital... Read more
6d
The Manila Times
TRAIN Law may affect zero VAT privilege of freeportsby investors in freeports and economic zones. Pineda said congress passed the
The Manila Times / Posted 6 days ago
by investors in freeports and economic zones. Pineda said congress passed the law retaining the Zero VAT rate but the Department of Finance wanted it to be taxed. “And President Rodrigo Duterte vetoed it,” the FAB chairman said. He added... Read more
6d
Phayul
CTA introduces finance company for economic self reliancehe said. After the success of the 10 Crore (100 million) rupees loan scheme fo
Phayul / Posted 6 days ago
he said. After the success of the 10 Crore (100 million) rupees loan scheme for Tibetan hosiery and sweater traders, the Department of Finance may roll out a further 10 Crore rupees to finance Tibetan-owned micro, small and medium enterprises and... Read more
6d
Smyrna Clayton Sun Times
Careful outlook on statewide growth in 2018while taking a cautionary look at the tax cut’s effect on business. According
Smyrna Clayton Sun Times / Posted 6 days ago
while taking a cautionary look at the tax cut’s effect on business. According to Rick Geisenberger, secretary of the Department of Finance, most of that forecasted $226.5 million increase – over 90 percent, or roughly $211.1 million – is due... Read more
6d
Inquirier.net
Japan funding for key PH infra deals readiedProject, along with the agreement for the Plaridel Bypass Road in Bulacan — bot
Inquirier.net / Posted 6 days ago
Project, along with the agreement for the Plaridel Bypass Road in Bulacan — both financed by Japan. According to the Department of Finance, the contract for the initial tranche of the 104.5 billion yen ($929.1 million at current exchange... Read more
2 related articles
6d
Dover Post
Careful outlook on statewide growth in 2018while taking a cautionary look at the tax cut’s effect on business. According
Dover Post / Posted 6 days ago
while taking a cautionary look at the tax cut’s effect on business. According to Rick Geisenberger, secretary of the Department of Finance, most of that forecasted $226.5 million increase – over 90 percent, or roughly $211.1 million – is due... Read more
6d
Inquirier.net
New Overseas Filipino Bank to offer expat workers investments, financingworkers to build homes or start businesses. ADVERTISEMENT The OFB was created
Inquirier.net / Posted 6 days ago
workers to build homes or start businesses. ADVERTISEMENT The OFB was created through the combined efforts of the Department of Finance (DOF) and the Land Bank of the Philippines. All obstacles to the opening of the bank have now been... Read more
5 related articles
7d
Inquirier.net
Revenue gains key to cut in corporate income taxwill depend on the revenue gains once the government consolidates existing laws
Inquirier.net / Posted 7 days ago
will depend on the revenue gains once the government consolidates existing laws giving away incentives, according to the Department of Finance. The DOF submitted the tax reform package through the Office of the Speaker upon the resumption on... Read more
7d
Pilipino Star
ADB starts mobilizing funds for Marawi rehabilitationis of particular interest to the bank as it is an integral part of the country’
Pilipino Star / Posted 7 days ago
is of particular interest to the bank as it is an integral part of the country’s medium term development plan. The Department of Finance last week signed an agreement with ADB for the provision of a $380 million loan for the Improving... Read more
7d
Punto Central Luzon
Punto! Central Luzon -with them, as well as other economic zone investors in the country in finalizin
Punto Central Luzon / Posted 7 days ago
with them, as well as other economic zone investors in the country in finalizing the remaining four packages of TRAIN. The Department of Finance (DOF) is pushing for the swift passage of the TRAIN’s Package 1-B to ensure the government’s fiscal... Read more
7d
Pilipino Star
DOF submits Package 2 of Tax Reform Program to Congressby reducing corporate income tax rates, among others, has entered the legislati
Pilipino Star / Posted 7 days ago
by reducing corporate income tax rates, among others, has entered the legislative. In a statement on Tuesday, the Department of Finance said it has formally submitted CTRP’s package two to the House of Representatives last January 15 — the... Read more
7d
Arkansas Democrat-Gazette
Agriculture agency looks into site moveit's a preferred site, Barnes said. She said top agency staff members develope
Arkansas Democrat-Gazette / Posted 7 days ago
it's a preferred site, Barnes said. She said top agency staff members developed the proposal with the help of the state Department of Finance and Administration's Building Authority Division. Agriculture officials also worked with the governor's... Read more
8d
Pilipino Star
BOI sets sights on record P680-B pledgesapprovals are also expected to be comprised of more foreign investments as the
Pilipino Star / Posted 8 days ago
approvals are also expected to be comprised of more foreign investments as the agency is closely coordinating with the Department of Finance for additional incentives for foreign investors. “We have a lot of reforms taking place. So once all... Read more
8d
Philly.com
Delaware's long fight to collect the world's orphan cashits laws again. It has transferred the job of reminding banks and brokers to ch
Philly.com / Posted 8 days ago
its laws again. It has transferred the job of reminding banks and brokers to check for abandoned accounts from the Department of Finance to the Department of State, which in Delaware resembles a tourism bureau in its eagerness to attract... Read more
9d
Arkansas Democrat-Gazette
Bidders to grow pot add in perksyou have a great business plan, but community involvement is where you can real
Arkansas Democrat-Gazette / Posted 9 days ago
you have a great business plan, but community involvement is where you can really set yourself apart." A spokesman for the Department of Finance and Administration declined to comment on how specific categories of the applications will be... Read more
11d
Inquirier.net
New tax reform package seen passed in Q1The Department of Finance has expressed confidence that package 1B of the compr
Inquirier.net / Posted 11 days ago
The Department of Finance has expressed confidence that package 1B of the comprehensive tax reform program, which includes the planned general tax amnesty, could be fast-tracked by Congress and be approved in the first quarter. “The Senate said that... Read more
11d
The Manila Times
10M poor households seen gaining from new tax lawcash transfers (UCTs) to help them cope with the minimal impact of the tax refo
The Manila Times / Posted 11 days ago
cash transfers (UCTs) to help them cope with the minimal impact of the tax reform law on inflation, according to the Department of Finance (DoF). Finance Secretary Carlos Dominguez, in a statement on Friday, said the overhaul of the... Read more
11d
Pilipino Star
TRAIN seen to cause slowdown in car salesespecially the first or second quarter this year. But we think overall the mark
Pilipino Star / Posted 11 days ago
especially the first or second quarter this year. But we think overall the market will adjust itself,” he added. The Department of Finance earlier said the new excise tax system for automobiles was not just a revenue-enhancing measure but... Read more
11d
Sun Star
Ledesma: TRAIN and fetish for Cokepaying the right tax otherwise life will be a little bit more difficult for the
Sun Star / Posted 11 days ago
paying the right tax otherwise life will be a little bit more difficult for them under the Duterte regime and while the Department of Finance is under the watch of Secretary Dominguez. Why make an issue about the luxury cars being taxed a little... Read more
12d
Inquirier.net
Apply new tax rates, firms toldthe four draft RRs that would undergo public consultation, the BIR had also sub
Inquirier.net / Posted 12 days ago
the four draft RRs that would undergo public consultation, the BIR had also submitted a number of proposed RRs to the Department of Finance for approval. The BIR yesterday presented the draft RRs on income tax as well as on the excise tax on... Read more
12d
Inquirier.net
2nd tax reform package seeks to curb gov’t losses due to fiscal incentiveshighlighting the need for the rationalization of incentives for investors under
Inquirier.net / Posted 12 days ago
highlighting the need for the rationalization of incentives for investors under the second tax reform package, the Department of Finance yesterday said. “Income tax holidays and special rates account for P86.25 billion of the revenue... Read more
8 related articles
12d
Australian Broadcasting Corporation
Immigration paid out $230,000 in compensation claims, FOI documents showFederal Government $230,000. In documents obtained under freedom of informatio
Australian Broadcasting Corporation / Posted 12 days ago
Federal Government $230,000. In documents obtained under freedom of information by the Australian Lawyers Alliance, the Department of Finance settled 23 cases relating to immigration detainees and staff between 1 July 2016 and 30 June 2017. In... Read more
12d
The Hill
California predicts 1M pounds of marijuana sales in first year"Rocky Mountain high." But as Brown prepares to leave office, his constituents
The Hill / Posted 12 days ago
"Rocky Mountain high." But as Brown prepares to leave office, his constituents apparently had no such qualms. The state Department of Finance expects Californians to purchase nearly 1 million pounds of marijuana over the first full budget year... Read more
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