DOF eyes higher excise taxes to fund middle-class tax relief
The Department of Finance (DOF) is proposing higher excise taxes on sweetened beverages, e-cigarettes, alcohol, plastics and vehicles to offset revenue losses…
· 2 MIN READ
Topic
Department of Finance
Department of Finance news — fiscal policy, revenues, debt, and economic management affecting the Philippines.
DOF, BIR begin Global Minimum Tax rollout
The Philippines has begun rolling out the Global Minimum Tax, with the DOF and BIR drafting legislation and frameworks aligned with the OECD/G20 15% minimum…
· 2 MIN READ
DOF eyes P30B from additional asset sales
The Department of Finance targets about P30 billion from the privatization of Mile Long Complex in Makati and the FTI property in Taguig by end-2026, following…
· 2 MIN READ
Philippines secures $6.78M climate grant – DOF
The Philippines has secured a $6.78-million Green Climate Fund grant to boost access to climate investments, protect vulnerable communities, and accelerate the…
· 2 MIN READ
Philippines secures $60-million MCC grant — DoF
‘The approval of the US$60-million MCC Threshold Program reflects the confidence of our international partners in the reforms we are pursuing to strengthen…
· 2 MIN READ
Tulfo summons DOF, BOC to resolve fuel smuggling reports
Sen. Erwin Tulfo has summoned the Department of Finance and Bureau of Customs to a Senate inquiry into alleged fuel smuggling in Cagayan de Oro, Cebu and…
· 2 MIN READ
LGUs to get a whopping P1.32-T NTAs in 2027 — Recto
Local government units will receive a record P1.32 trillion in National Tax Allotments in 2027, boosting funding for essential services, infrastructure and…
· 2 MIN READ
Gov’t intent on transforming LEC into AI hub
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Philippines, Sweden eye energy partnership – DOF
The Philippines and Sweden are strengthening economic ties with a planned energy partnership focused on renewable power, digitalization and advanced…
· 2 MIN READ
Philippines, Japan sign new tax treaty – DOF
The Philippines and Japan have signed a modernized tax treaty to boost cross-border investments, cut select withholding taxes, and strengthen safeguards…
· 2 MIN READ
DOF, BIR launch unified taxpayer portal
The Department of Finance and Bureau of Internal Revenue have launched a unified Taxpayer Portal for large taxpayers, offering a single digital platform to…
· 2 MIN READ
DOF pitches Philippines as investment hub
Discover why the Philippines is being pitched as a prime investment hub, as Finance Secretary Frederick Go urges US businesses to tap opportunities in…
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DOF extends importer accreditation to 3 years
The Philippines’ Department of Finance has extended importer accreditation validity from one year to three years and cut fees to streamline customs processes,…
· 2 MIN READ
House rips DoF over tax retreat
The undersecretary asserted that the DoF’s consideration came down to who would benefit the most from the enactment of such a ruling which, in the case of LPG…
· 2 MIN READ
DOF: Suspension of excise tax projects a P43.6 billion loss
DOF says suspending excise taxes on petroleum products could result in P43.6 billion in revenue losses over three months, even after VAT gains, with officials…
· 1 MIN READ
No meaningful relief from gas, diesel tax cuts – DOF
Finance Secretary Frederick Go says suspending excise taxes on gasoline and diesel would offer little relief as global market forces drive prices, while the…
· 3 MIN READ
DOF hails Feb unemployment rate decline
The Department of Finance welcomes improved labor data as Philippine Statistics Authority reports unemployment fell to 5.1% in February 2026, though job…
· 1 MIN READ
