The Bangko Sentral Ng Pilipinas (BSP) is likely to lift the limit on the number of allowed digital banks in the Philippines.
he Philippine Exporters Confederation (Philexport) calls on the government to clarify and ensure that the implementation of the 12% VAT on indirect imports does not become a burden for exporters and micro, small, and medium enterprises (MSMEs).
On Monday, June 14, the Bangko Sentral ng Pilipinas (BSP) announced an increase in applications from entities seeking to enter the newly created digital banking space in the Philippines as more consumers shift from traditional to electronic channels.
The Philippine Congress recently passed a measure that extends the estate tax amnesty deadline by two years. Senator Juan Edgardo Angara welcomed the House of Representatives’ adoption of the Senate Bill (SB) No. 2208, which carries the amendments to Republic Act (RA) No. 11213, also known as the Tax Amnesty Act of 2019.
The Bangko Sentral ng Pilipinas (BSP) is seen to maintain low interest rates until the end of 2021 as loan disbursements of banks continue to shrink due to the persisting COVID-19 pandemic.
The Department of Finance (DOF) announced on Monday, May 3, its plans to complete the passage of the Government Financial Institutions Unified Initiatives to Distressed Enterprises for Economic Recovery (GUIDE) bill by mid-2022.
The Bureau of Internal Revenue (BIR), in an advisory published on April 28, released the deadlines for the filing of amended Annual Income Tax Returns (AITRs) and required attachments in the electronically-filed AITR of the taxable period ending on December 31, 2020. The Bureau strictly reminds taxpayers the due dates for filing to avoid penalties.
Deputy Speaker Rufus Rodriguez calls the Department of Finance (DOF) and the Bureau of Internal Revenue (BIR) to extend the deadline for the filing of annual income tax return (AITR) by at least 30 days.
The Bangko Sentral ng Pilipinas (BSP) and the Department of Finance (DOF) expressed their support for a bill allowing the Philippine Development Insurance Corporation (PDIC) to flexibly adjust the maximum deposit insurance coverage in the Philippines.
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.