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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

SPONSORSHIP SPEECH Committee Report No. 311 on SB No. 2407 Tax on Proprietary Educational Institutions Senate President Pro Tempore Ralph G. Recto 21 September 2021 If you recall, CREATE was marketed as the law that will save distressed companies from sinking in a sea of red

The BIR should rescind its erroneous order imposing a 25 percent corporate income tax on private schools, as “it is a flawed interpretation of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act,” said Senate President Pro Tempore Ralph Recto. “Yung title pa

Republic of the PhilippinesCongress of the PhilippinesMetro ManilaEighteenth CongressSecond Regular Session Begun and held in Metro Manila, on Monday, the twenty-seventh day of July, two thousand twenty. [REPUBLIC ACT NO. 11534] AN ACT REFORMING THE CORPORATE INCOME TAX AND

An Act Ordaining A Bill Of Rights For Taxpayers This bill seeks to ordain a bill of rights for the taxpayers which are divided into three main pillars: a) taxpayers’ basic rights, b) taxpayers’ right in civil cases, and c) taxpayers’ rights in criminal cases.  The