Finance Minister Enoch Godongwana has rejected calls for him to step down following the controversy over the decision to ...

THE national government’s budget deficit spiked by 75.62 percent in the first quarter of the year due to the sharp rise in ...

THE NATIONAL Government’s (NG) budget deficit ballooned in March as revenues slipped and state spending jumped ahead of the election ban, the Bureau of the Treasury (BTr) said.

The Finance Bill 2025 proposed major changes in the revenue-raising measures and tax policies that will be used to finance ...

As summer approaches and the Philippines remains a top tourist destination, the Bureau of Internal Revenue (BIR) issued ...

Employees sometimes incur business expenses during the course of their work, including travel, meals, lodging, and other business-related costs. While reimbursements seem straightforward, they carry ...

Steel Authority of India Limited (SAIL) filed a writ petition challenging the order passed by the Joint Commissioner of State ...

Finance Minister Enoch Godongwana has confirmed that a new national budget will be presented in parliament on 21 May. The decision to introduce a revised budget comes in the wake of government’s move ...

Remanufactured “cores,” or used vehicle parts, are essential to the automotive industry but present distinct special tax and accounting considerations.

Hank Vat, public information officer for Montgomery County ESD 7, said the proposition would increase the sales tax rate in the unincorporated areas of Splendora from 7.75% to 8.25%, if approved.

The increase in VAT from 15% to 15.5% was first announced earlier in 2025 as part of government measures to address fiscal ...

Currently, refrigerators and air conditioners are taxed at a reduced 7.5% VAT rate at the manufacturing stage, a policy that the National Board of Revenue (NBR) now plans to increase to the standard ...