tax Legislators suggested the passing of further tax legislation to raise P120.5 billion more in '24. The remaining tax reform packages of the Duterte administration, according to Finance Secretary Benjamin Diokno, are essential to achieving the economic objectives of the Marcos era. Revenues are predicted to reach P3.73 trillion in 2023 and increase to P6.62 trillion in 2028 based on the budgetary plan of
tax Over Php100 billion in digital service VAT is expected to be collected by the Philippine government over the next five years. Should it begin levying on digital service providers (DSP), the Department of Finance (DOF) anticipates earning Php101.76 billion over the course of five years, from 2024 to 2028. During the Senate Public Committee on Ways and Means hearing on Thursday, DOF Undersecretary Dakila Napo said that the government is
tourists To increase the number of visitors to the country, Ferdinand Marcos Jr. approved the Value-Added Tax (VAT) Refund Program's implementation by 2024. In an effort to increase tourist arrivals in the Philippines, President Ferdinand "Bongbong" Marcos Jr. has approved the implementation of the Value-Added Tax (VAT) Refund Program for foreign tourists by 2024. According to the Presidential Communications Office, the President made the decision based on the recommendation of the PSAC tourism
