Tag: Agricultural Subsidies
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Philippines Puts Cash Aid for 1 Million Rice Farmers in 2026 Budget
Overview: Targeted relief for rice farmers In a move officials say could reshape how the government supports the agricultural sector, Speaker Faustino “Bojie” Dy III announced that about one million rice farmers are set to receive a cash aid of P7,000 each under the proposed P6.7 trillion budget for 2026. The pledge was made during…
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Tax Relief Measures After Crisis Years: The Cabinet’s Decision
Introduction to Tax Relief Measures In response to the economic challenges faced in recent years, the government has announced significant tax relief measures aimed at easing the financial burden on citizens. The Cabinet recently approved a draft of the tax amendment law, which includes increases in the commuter allowance, reductions in VAT rates on restaurant…
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Tax Relief Announced Following Crisis Years: Changes and Impact
Introduction to Tax Relief Measures In response to the lengthy economic challenges faced in recent years, the government has announced significant tax relief measures aimed at supporting citizens and stimulating economic recovery. Key changes include an increase in the commuter allowance, a reduction in the value-added tax (VAT) on restaurant meals, and the reinstatement of…