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                    [Title] => Department of Finance pushes fiscal responsibility measure
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The Department of Finance (DOF) has stressed the need to pass the so-called Fiscal Responsibility Measure, saying that this would help address the country’s fragile fiscal position.
                    [DatePublished] => 2010-09-27 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] => Iris Gonzales
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                    [Title] => Measures to raise revenues proposed
                    [Summary] => 
The Department of Finance (DOF) has recommended to the new administration a host of measures that would raise revenues and boost state coffers, including a major overhaul of the National Food Authority (NFA).
                    [DatePublished] => 2010-07-01 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] => Iris Gonzales
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                    [Title] => Not so positive economic news
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According to the Institute for Development and Econometric Analysis, Inc. (IDEA), data from the finance department showed that income tax collections fell by 11% year-on-year in October 2009.
                    [DatePublished] => 2010-01-27 00:00:00
                    [ColumnID] => 133814
                    [Focus] => 0
                    [AuthorID] => 1288710
                    [AuthorName] => Ed F. Limtingco
                    [SectionName] => Freeman Cebu Business
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                    [Title] => FDC scores government for poor revenue efforts
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The cause-oriented group Freedom from Debt Coalition (FDC) has criticized the Arroyo administration for its poor revenue efforts, saying that despite the full implementation of the reformed value-added tax law and high yields from selling government assets, state revenues remain low.
                    [DatePublished] => 2009-09-14 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] => Iris Gonzales
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                    [Title] => Government nixes World Bank proposal to raise oil taxes
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The government has thumbed down a recommendation by the World Bank (WB) to raise excise the tax on petroleum products.
                    [DatePublished] => 2009-07-16 00:00:00
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                    [Title] => Tax to GDP ratio down to 11.5% in first quarter
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MANILA, Philippines - The government’s tax effort declined in the first quarter of this year compared to the same period in 2008 amid perennial shortfalls in collections of the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC) and a lower-than-expected economic growth in the first three months of 2009.
                    [DatePublished] => 2009-06-03 00:00:00
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                    [Title] => National Government to lose from P51-P56 billion due to various tax measures
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MANILA,  Philippines – The National Government (NG) expects to lose P51 billion to P56 billion this year because of the implementation of various tax measures, estimates by the interagency Development Budget Coordination Committee (DBCC) showed.
                    [DatePublished] => 2009-05-12 00:00:00
                    [ColumnID] => 133272
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                    [Title] => Bureau of Internal Revenue falls 31% short of 2008 VAT goal
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MANILA, Philippines - The Bureau of Internal Revenue (BIR) failed to meet its value-added tax (VAT) collection goal last year of P204.789 billion, latest data from the tax agency showed.
                    [DatePublished] => 2009-03-23 00:00:00
                    [ColumnID] => 133272
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                    [Title] => Tax collection shortfall traced to exemptions
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The government failed to meet its tax effort target for 2008 because of the implementation of a law that increased the exemptions of taxpayers last year.
                    [DatePublished] => 2009-02-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [AuthorName] => Iris Gonzales
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                    [Title] => Lower corporate income tax to give firms some cushion
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Companies can better cope with the difficult economic tide next year due to the lowering of the corporate income tax rate to 30 percent from 35 percent as part of the implementation of the RVAT law, NEDA Director General Ralph Recto said yesterday.
                    [DatePublished] => 2008-11-23 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] => Iris Gonzales
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REFORMED VALUE ADDED TAX

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                    [Title] => Department of Finance pushes fiscal responsibility measure
                    [Summary] => 
The Department of Finance (DOF) has stressed the need to pass the so-called Fiscal Responsibility Measure, saying that this would help address the country’s fragile fiscal position.
                    [DatePublished] => 2010-09-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804708
                    [AuthorName] => Iris Gonzales
                    [SectionName] => Business
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                    [URL] => 
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                    [Title] => Measures to raise revenues proposed
                    [Summary] => 
The Department of Finance (DOF) has recommended to the new administration a host of measures that would raise revenues and boost state coffers, including a major overhaul of the National Food Authority (NFA).
                    [DatePublished] => 2010-07-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [AuthorName] => Iris Gonzales
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                    [Title] => Not so positive economic news
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According to the Institute for Development and Econometric Analysis, Inc. (IDEA), data from the finance department showed that income tax collections fell by 11% year-on-year in October 2009.
                    [DatePublished] => 2010-01-27 00:00:00
                    [ColumnID] => 133814
                    [Focus] => 0
                    [AuthorID] => 1288710
                    [AuthorName] => Ed F. Limtingco
                    [SectionName] => Freeman Cebu Business
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                    [URL] => 
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                    [Title] => FDC scores government for poor revenue efforts
                    [Summary] => 
The cause-oriented group Freedom from Debt Coalition (FDC) has criticized the Arroyo administration for its poor revenue efforts, saying that despite the full implementation of the reformed value-added tax law and high yields from selling government assets, state revenues remain low.
                    [DatePublished] => 2009-09-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804708
                    [AuthorName] => Iris Gonzales
                    [SectionName] => Business
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                    [Title] => Government nixes World Bank proposal to raise oil taxes
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The government has thumbed down a recommendation by the World Bank (WB) to raise excise the tax on petroleum products.
                    [DatePublished] => 2009-07-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804708
                    [AuthorName] => Iris Gonzales
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                    [Title] => Tax to GDP ratio down to 11.5% in first quarter
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MANILA, Philippines - The government’s tax effort declined in the first quarter of this year compared to the same period in 2008 amid perennial shortfalls in collections of the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC) and a lower-than-expected economic growth in the first three months of 2009.
                    [DatePublished] => 2009-06-03 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] => Iris Gonzales
                    [SectionName] => Business
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                    [URL] => 
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                    [Title] => National Government to lose from P51-P56 billion due to various tax measures
                    [Summary] => 
MANILA,  Philippines – The National Government (NG) expects to lose P51 billion to P56 billion this year because of the implementation of various tax measures, estimates by the interagency Development Budget Coordination Committee (DBCC) showed.
                    [DatePublished] => 2009-05-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [AuthorName] => Iris Gonzales
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                    [Title] => Bureau of Internal Revenue falls 31% short of 2008 VAT goal
                    [Summary] => 
MANILA, Philippines - The Bureau of Internal Revenue (BIR) failed to meet its value-added tax (VAT) collection goal last year of P204.789 billion, latest data from the tax agency showed.
                    [DatePublished] => 2009-03-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [AuthorName] => Iris Gonzales
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                    [URL] => 
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                    [Title] => Tax collection shortfall traced to exemptions
                    [Summary] => 
The government failed to meet its tax effort target for 2008 because of the implementation of a law that increased the exemptions of taxpayers last year.
                    [DatePublished] => 2009-02-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804708
                    [AuthorName] => Iris Gonzales
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                (
                    [ArticleID] => 417348
                    [Title] => Lower corporate income tax to give firms some cushion
                    [Summary] => 
Companies can better cope with the difficult economic tide next year due to the lowering of the corporate income tax rate to 30 percent from 35 percent as part of the implementation of the RVAT law, NEDA Director General Ralph Recto said yesterday.
                    [DatePublished] => 2008-11-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804708
                    [AuthorName] => Iris Gonzales
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abtest

Department of Finance pushes fiscal responsibility measure

By Iris Gonzales | September 27, 2010 - 12:00am

The Department of Finance (DOF) has stressed the need to pass the so-called Fiscal Responsibility Measure, saying that this would help address the country’s fragile fiscal position.

Business

Measures to raise revenues proposed

By Iris Gonzales | July 1, 2010 - 12:00am

The Department of Finance (DOF) has recommended to the new administration a host of measures that would raise revenues and boost state coffers, including a major overhaul of the National Food Authority (NFA).

Business

Not so positive economic news

By Ed F. Limtingco | January 27, 2010 - 12:00am

According to the Institute for Development and Econometric Analysis, Inc. (IDEA), data from the finance department showed that income tax collections fell by 11% year-on-year in October 2009.

Freeman Cebu Business

FDC scores government for poor revenue efforts

By Iris Gonzales | September 14, 2009 - 12:00am

The cause-oriented group Freedom from Debt Coalition (FDC) has criticized the Arroyo administration for its poor revenue efforts, saying that despite the full implementation of the reformed value-added tax law and...

Business

Government nixes World Bank proposal to raise oil taxes

By Iris Gonzales | July 16, 2009 - 12:00am

The government has thumbed down a recommendation by the World Bank (WB) to raise excise the tax on petroleum products.

Business

Tax to GDP ratio down to 11.5% in first quarter

By Iris Gonzales | June 3, 2009 - 12:00am

MANILA, Philippines - The government’s tax effort declined in the first quarter of this year compared to the same period in 2008 amid perennial shortfalls in collections of the Bureau of Internal Revenue (BIR)...

Business

National Government to lose from P51-P56 billion due to various tax measures

By Iris Gonzales | May 12, 2009 - 12:00am

MANILA, Philippines – The National Government (NG) expects to lose P51 billion to P56 billion this year because of the implementation of various tax measures, estimates by the interagency Development Budget...

Business

Bureau of Internal Revenue falls 31% short of 2008 VAT goal

By Iris Gonzales | March 23, 2009 - 12:00am

MANILA, Philippines - The Bureau of Internal Revenue (BIR) failed to meet its value-added tax (VAT) collection goal last year of P204.789 billion, latest data from the tax agency showed.

Business

Tax collection shortfall traced to exemptions

By Iris Gonzales | February 27, 2009 - 12:00am

The government failed to meet its tax effort target for 2008 because of the implementation of a law that increased the exemptions of taxpayers last year.

Business

Lower corporate income tax to give firms some cushion

By Iris Gonzales | November 23, 2008 - 12:00am

Companies can better cope with the difficult economic tide next year due to the lowering of the corporate income tax rate to 30 percent from 35 percent as part of the implementation of the RVAT law, NEDA Director...

Business