fiscal incentives - updates

Rappler's latest stories on fiscal incentives


DTI, DOF looking to ‘modernize’ investment incentives

Sep 20, 2016 - 7:21 PM

Both agencies are working together to craft a new set of tax breaks to offer potential investors as ‘the icing on the cake’ to get them to invest in the country and hope to finalize the tax breaks by the end of the year says Trade Secretary Ramon Lopez

Business to wait for next administration for new fiscal incentives

Oct 19, 2015 - 8:30 AM

The head of the Makati Business Club says rushing the legislation of the fiscal incentives bill might risk the country s competitiveness

Aquino: PH will be 'first-world' within generation if reforms continue

Jul 27, 2015 - 10:00 PM

This is just the beginning you haven’t seen anything yet President Aquino says as he details in his last State of the Nation Address the economic gains under his watch

President Benigno Aquino III delivers his last SONA in the joint session during the 16th congress at the House of Representatives in Quezon City on Monday, July 27, 2015. Photo by Ben Nabong/Rappler

Delayed PH electric vehicles road map eyes Q3 2015 launch

Apr 24, 2015 - 8:44 AM

Hurdling delays the road map is pushing through with or without incentives

Economic reforms to continue beyond 2016 – BSP

Mar 26, 2015 - 5:08 PM

BSP Deputy Governor Diwa Guinigundo gives the assurance amid foreign investors concerns

ASSURANCE The BSP assures foreign investors that the Aquino administration's economic reforms would continue beyond 2016. Rappler file photo

Airbus chooses Philippines as next international training hub

Jan 05, 2015 - 5:32 PM

UPDATED The country will join Airbus SAS training centers worldwide as the aircraft maker continues to increase its fleet in the Asia Pacific region

FLIGHT SIMULATOR. Airbus SAS' plan to expand training operations in the Philippines would bring in flight simulators of its Airbus A330, A340, and A320 fleet. This photo shows an A320 simulator. Photo taken from Airbus website.

#AskTheTaxWhiz: What is a tax holiday?

Nov 21, 2014 - 9:06 AM

Is tax holiday related to the fiscal incentives granted to some businesses? Also will a middle income employee benefit from the proposed increase in 13th month pay exemption?

Drilon: DOF, DTI delay fiscal incentives bill

Sep 30, 2014 - 3:33 PM

Senate President Franklin Drilon notes it took the two departments 4 years to settle their disagreements and consolidate their versions of the bill

Fiscal incentives rationalization to add P30B in PH annual revenue

Aug 19, 2014 - 6:57 PM

After 16 years the departments of Finance and Trade and Industry have reached an agreement and will submit the revised version of the bill this week

World Bank: Broaden base, simplify taxes to boost revenues

Aug 08, 2014 - 1:28 PM

The multilateral agency also urges the government to rationalize fiscal incentives ahead of the 2015 ASEAN integration

Fiscal incentives bill: Is it really priority?

Jul 27, 2014 - 6:13 PM

Now 15 years pending in Congress will this measure be passed before President Aquino’s term ends in 2016?

Businessmen’s SONA 'wishes'

Jul 27, 2014 - 5:01 PM

As President Aquino delivers his 5th SONA on July 28 businessmen say their top 3 wishes are improved competitiveness increased foreign direct investments and more jobs

What happened to priority bills from SONA 2013? Not much

Jul 26, 2014 - 8:15 AM

In his 2013 State of the Nation Address President Aquino 11 bills to pass and laws to review and amend immediately See the status of each one year on

BIR continues to miss target in April

May 16, 2014 - 4:52 PM

Despite its continued failure to meet its collection goal so far this year the BIR remains confident of hitting its full year target of P1 456 trillion

BIR building

Gov't losses from tax breaks: P144B or 1.5% of GDP

Mar 26, 2014 - 5:19 PM

The Finance department pushes for measures that will streamline tax incentives in the country

FOREGONE REVENUES. The Finance department pushes for the rationalization of tax incentives given over P140B losses from tax breaks. Photo from AFP

World Bank to PH: Improve tax collection

Oct 08, 2013 - 11:14 AM

World Bank says improving tax administration simplifying taxation process and reviewing incentives will help the government achieve inclusive growth

COLLECT TAXES. World Bank economist Rogier van den Brink urges Philippine officials improve tax collections to help achieve inclusive growth. Photo by Cherrie Regalado/Rappler

Drilon: Laws to address clamor for Charter change

Jul 18, 2013 - 7:11 PM

Sen Franklin Drilon says laws will address the clamor for economic reforms and inclusive growth

'DIVERTING ATTENTION.' Incoming Senate President Franklin Drilon said instead of "diverting attention" through charter change, the administration will push for economic reforms through passing laws.

No tax perks for tourism-related businesses

May 22, 2013 - 1:49 PM

Instead of giving tax perks to businesses cashing in on the tourism windfall Finance Secretary Cesar Purisima prefers to fund infrastructure projects meant to improve access to tourist destinations

Mining reform bill a priority in next Congress

May 14, 2013 - 6:04 PM

The Department of Finance DOF is set to push the mining revenue bill once the next Congress resumes session in July

EO 79 was issued by President Benigno Aquino III on July 6, 2012

Victory in polls key to passing revenue measures - Carandang

May 13, 2013 - 1:21 AM

The Aquino administration is banking on favorable results from the May 13 mid term elections to push for more revenue reform measures in Congress in the last 3 years of the Aquino administration

Gov't to push land use, fiscal incentive bills in 16th Congress

Feb 12, 2013 - 2:17 PM

Socioeconomic Planning Secretary Arsenio Balisacan says both measures will be refiled once Congress reopens in June

ECONOMY AND ELECTRICITY. Socio-economic planning chief Arsenio Balisacan stresses the need to put up new power plants. Photo by Malacañang bureau

Aquino gov't pushes for incentive bill's passage before 2013 polls

Dec 09, 2012 - 12:28 PM

The Department of Finance DOF is in a race against time to help pass the fiscal incentives measure and the legislation of the mining revenue sharing scheme in 2013