^
+ Follow FINANCE UNDERSECRETARY GRACE TAN Tag
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 267181
                    [Title] => DOF explores ways of raising revenue from telecoms
                    [Summary] => Finance Secretary Juanita Amatong confirmed yesterday that the Department of Finance continues to explore ways of raising new revenues from telecommunications while sparing consumers from any additional cost.


"The proposed tax on telecom companies has not been withdrawn by the executive branch and there has been no flip-flopping on this matter," Amatong said in a press statement.

She stressed that the Department of Finance (DOF) intends to pursue its proposal for new revenues from the telecommunications sector in partnership with Congress.
[DatePublished] => 2004-12-12 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) [1] => Array ( [ArticleID] => 240411 [Title] => Gov’t seen to lose P200B under micro enterprises measure [Summary] => The Department of Finance (DOF) warned that the government would lose as much as P200 billion a year, if the controversial Barangay Micro Business Enterprises (BMBE) Act is implemented in its present form.

Amid intense lobbying from industries, the DOF has been trying unsuccessfully to craft the implementing rules and regulations (IRR) that would plug the major loopholes in the new law.

According to the DOF, however, BMBE in its present form would take out half of the revenues that government gets from corporate and individual income taxes.
[DatePublished] => 2004-02-26 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 224014 [Title] => Gov’t mulls imposition of value added tax on milled flour [Summary] => After tightening up on the collection of value added tax (VAT) on refined sugar, the government now plans to impose the same regulation on flour millers to ensure uniform collection.

The proposal was initiated by flour millers themselves, according to Finance officials, and the Bureau of Internal Revenue (BIR) has begun studying the modes of application.

Finance Secretary Jose Isidro Camacho told reporters over the weekend that the VAT would be collected against the milled flour and millers would be required to pay the tax in advance.
[DatePublished] => 2003-10-13 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 206997 [Title] => DOF moves to limit auction of imported vehicles in ecozones [Summary] => Prompted by the intense lobbying of the local automotive industry, the Department of Finance (DOF) is drafting an inter-agency agreement that would limit the sale of imported vehicles in special economic zones.

Finance Secretary Jose Isidro Camacho had already initiated an investigation of the uncontrolled technical smuggling of imported automotive vehicles through these zones in an attempt to determine the scale of the operations and possible ways to control it.
[DatePublished] => 2003-05-21 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 206296 [Title] => Carmakers hail DOF task force versus smuggling [Summary] => The automotive industry welcomed yesterday the establishment by the Department of Finance (DOF) of an inter-agency task force to combat smuggling of vehicles into the country.

Serafin M. Pantaleon, senior vice president of Toyota Motor Philippines Corp., a good move especially at a time when the National Government is starving for much-needed revenues.
[DatePublished] => 2003-05-16 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
FINANCE UNDERSECRETARY GRACE TAN
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 267181
                    [Title] => DOF explores ways of raising revenue from telecoms
                    [Summary] => Finance Secretary Juanita Amatong confirmed yesterday that the Department of Finance continues to explore ways of raising new revenues from telecommunications while sparing consumers from any additional cost.


"The proposed tax on telecom companies has not been withdrawn by the executive branch and there has been no flip-flopping on this matter," Amatong said in a press statement.

She stressed that the Department of Finance (DOF) intends to pursue its proposal for new revenues from the telecommunications sector in partnership with Congress.
[DatePublished] => 2004-12-12 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) [1] => Array ( [ArticleID] => 240411 [Title] => Gov’t seen to lose P200B under micro enterprises measure [Summary] => The Department of Finance (DOF) warned that the government would lose as much as P200 billion a year, if the controversial Barangay Micro Business Enterprises (BMBE) Act is implemented in its present form.

Amid intense lobbying from industries, the DOF has been trying unsuccessfully to craft the implementing rules and regulations (IRR) that would plug the major loopholes in the new law.

According to the DOF, however, BMBE in its present form would take out half of the revenues that government gets from corporate and individual income taxes.
[DatePublished] => 2004-02-26 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 224014 [Title] => Gov’t mulls imposition of value added tax on milled flour [Summary] => After tightening up on the collection of value added tax (VAT) on refined sugar, the government now plans to impose the same regulation on flour millers to ensure uniform collection.

The proposal was initiated by flour millers themselves, according to Finance officials, and the Bureau of Internal Revenue (BIR) has begun studying the modes of application.

Finance Secretary Jose Isidro Camacho told reporters over the weekend that the VAT would be collected against the milled flour and millers would be required to pay the tax in advance.
[DatePublished] => 2003-10-13 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 206997 [Title] => DOF moves to limit auction of imported vehicles in ecozones [Summary] => Prompted by the intense lobbying of the local automotive industry, the Department of Finance (DOF) is drafting an inter-agency agreement that would limit the sale of imported vehicles in special economic zones.

Finance Secretary Jose Isidro Camacho had already initiated an investigation of the uncontrolled technical smuggling of imported automotive vehicles through these zones in an attempt to determine the scale of the operations and possible ways to control it.
[DatePublished] => 2003-05-21 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 206296 [Title] => Carmakers hail DOF task force versus smuggling [Summary] => The automotive industry welcomed yesterday the establishment by the Department of Finance (DOF) of an inter-agency task force to combat smuggling of vehicles into the country.

Serafin M. Pantaleon, senior vice president of Toyota Motor Philippines Corp., a good move especially at a time when the National Government is starving for much-needed revenues.
[DatePublished] => 2003-05-16 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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