News and Updates
Welcome to our news and updates section!
Read the latest accounting and bookkeeping news and information here. In this section, we also post updates on the taxation system in the Philippines and its technicalities.
The Department of Finance (DOF) announced on Thursday, February 25, the exemption of COVID-19 vaccine imports from tax and duties as the government rolls out the first batch of vaccines in the Philippines.
Senate Finance Chair Juan Edgardo Angara proposed a bill waiving the donor’s tax for any donation of drugs, vaccines, and other medical supplies specifically prescribed for the treatment of COVID-19 in the Philippines.
The Department of Finance (DOF) is expecting a nationwide implementation of the fuel marking program along with several digitization projects to improve tax administration in the Philippines in 2021.
The Bureau of Internal Revenue (BIR) appeals to lawmakers to pass a general tax amnesty law supporting the ₱4.5 trillion outlay for the national government for 2021.
The Bangko Sentral ng Pilipinas (BSP) released a proposal to stakeholders about an open banking framework as part of the regulator’s three-year digital payments transformation program.