Tag: MTFP
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DEPDev Chief Balisacan Pushes Stricter Tax Enforcement Over VAT Cuts and Holiday Proposals
Policy stance: Prioritizing enforcement over tax holidays Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio M. Balisacan underscored a clear preference for tightening the grip on existing tax measures rather than introducing new reliefs such as tax holidays or lowering the 12% value-added tax (VAT). Speaking at the European-Philippine Business Dialogue (EPDB) during the…
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DEPDev Chief Balisacan Pushes Stricter Tax Enforcement Over New Holidays, VAT Cuts
Government Rebuffs Tax Holidays and VAT Cuts in Favor of Stronger Tax Enforcement The Philippine government, led by Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio M. Balisacan, is signaling a clear preference for tightening the reins on existing tax measures rather than introducing new relief like tax holidays or lowering the value-added tax…