BIR Chief Outlines Tax Modernization and Reform Plans
The Philippine Bureau of Internal Revenue (BIR) Commissioner has unveiled the bureau's "DARES" agenda, focusing on tax modernization and long-term institutional reforms to enhance tax collection efficiency and taxpayer services.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- Philippine Peso Hits Record Low of P63.615 to Dollar
The Philippine peso hit a fresh record low of P63.615 against the US dollar on Friday, marking its 31st all-time low this year. The central bank indicated it would intervene in the market primarily to curb inflation, not to support a specific exchange rate.
- Philippine Stocks, Peso Extend Losses on Rate Hike and Peso Slide
Philippine financial markets ended the week in the red, with stocks retreating as investors digested the Bangko Sentral ng Pilipinas’s 50-basis-point rate hike, while the peso sank to a fresh record low for the third straight trading session.
- Philippines Infrastructure Investment to Hold Steady at 4% of GDP: Japan Credit Rating Agency
Japan Credit Rating Agency (JCR) forecasts that infrastructure investment in the Philippines will remain around 4% of GDP through 2027, with a recovery in delayed public works projects. The rating agency affirmed the Philippines' 'A-' investment-grade rating with a stable outlook.
- BSP Signals Further Rate Hikes Amid Inflation Concerns
The Bangko Sentral ng Pilipinas (BSP) is poised for further interest rate hikes in December to combat inflation and a weakening peso. Some economists anticipate continued monetary tightening into early 2027, raising concerns about the impact on economic growth.