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PRESS RELEASEFinance Secretary Ralph G. Recto has welcomed the enactment of the Real Property Valuation and Assessment Reform Act, which was signed into law as Republic Act No. (RA) 12001 by President Ferdinand R. Marcos, Jr. on June 13, 2024, to establish a just, equitable, and

PRESS RELEASE Finance Secretary Ralph G. Recto has welcomed the support of Her Majesty Queen Máxima of the Netherlands, the United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA) for the Department of Finance (DOF) to accelerate the

IN PHOTOS: Finance Secretary Ralph G. Recto convened officials from the Bureau of Internal Revenue Philippines (BIR) and the Bureau of Customs PH (BOC) to assess the agencies’ revenue collection performance and strategize on areas where the Department of Finance (DOF) can

PRESS RELEASE Finance Secretary Ralph G. Recto has successfully collected PHP 88.6 billion from 47 Government-Owned- or Controlled Corporations (GOCCs) as of May 6, 2024––eleven times higher than 2023 and a major source of non-tax revenues for the national government to fund

PRESS RELEASE Finance Secretary Ralph G. Recto has hit the ground running towards an inclusive future that benefits all Filipinos by introducing growth-enhancing strategies in the government’s economic roadmap during his first 100 days in office. “The President has entrusted me

PRESS RELEASE Finance Secretary Ralph G. Recto assured taxpayers that settling their taxes is now easier than ever, and encouraged them to exercise their heroic duty of propelling the country’s development forward through the prompt filing of tax returns and paying the correct

Press Release Finance Secretary Ralph G. Recto received a smooth-sailing confirmation from the Commission on Appointments (CA) on March 13, 2024 and has committed to pursuing growth-enhancing fiscal consolidation through plugging tax leaks, improving tax administration,

PRESS RELEASE The Department of Finance (DOF) kickstarted its series of stakeholder briefings for its refined priority tax measures on February 29, 2024 to work with various groups to push for the measures’ immediate passage. Among the DOF priority measures are the

PRESS RELEASE REF: dofcomms@dof.gov.ph As tax season begins, Finance Secretary Ralph G. Recto has assured the taxpaying public of the judicious and efficient use of their hard-earned money, vowing to eradicate inefficiency or corruption within the Bureau of Internal Revenue

January 24, 2024 PRESS RELEASE Finance Secretary Ralph G. Recto has commanded the Bureau of Internal Revenue (BIR) and Bureau of Customs (BOC) to work together as a team in further strengthening tax and customs administration to hit the government’s total revenue collection