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.
The Bangko Sentral ng Pilipinas (BSP) extends the transitory period for the certification of marketing personnel authorized to sell unit investment trust funds (UITFs) until 2023 in the Philippines.
The Department of Human Settlements and Urban Development (DHSUB) appeals for the extension of the existing tax perk to purchase residential units worth ₱2 million and above for next year.
The Bangko Sentral ng Pilipinas (BSP) is planning to provide financing for micro, small, and medium-sized enterprises (MSMEs) that belong to the supply chains of larger businesses in the Philippines.
The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 112-2020 clarifying the postponement of effectivity of the enlisted and delisted taxpayers of the Large Taxpayers Service (LTS) to January 1, 2021, relative to the memorandum released by the Bureau on September 21, 2020.