Credit to Author: besguerra| Date: Mon, 14 Jan 2019 21:04:04 +0000
More than 100 medicines for diabetes, high cholesterol and hypertension have become cheaper, thanks to the exemption from the 12-percent value-added tax (VAT) these now enjoy under the Tax Reform for Acceleration and Inclusion (TRAIN) Act, the Department of Finance (DOF) said on Sunday.
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Credit to Author: eestopace| Date: Tue, 08 Jan 2019 13:37:24 +0000
After expressing support to the proposal to increase excise taxes on tobacco and alcohol products, President Duterte warned the public aboutP the danger of smoking.
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Credit to Author: mfrialde| Date: Fri, 28 Dec 2018 02:14:39 +0000
MANILA, Philippines — Starting January 1, 2019, Filipinos suffering from diabetes, high cholesterol and hypertension will be able to buy cheaper medicines due to the provision of the tax reform law.
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Read moreTHE implementation of the first package of tax reform boosted consumer demand, which resulted in increased sales of retail firms and fast food chains, an official of the Department of Finance (DoF) said. “The significant growth in sales reported by retail establishments and restaurants point to the fact that people now have more money to spend […]
The post ‘Train’ boosts consumer demand – DoF appeared first on The Manila Times Online.
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Finance Secretary Carlos Dominguez III, the head of the Duterte administration’s economic team, warned that the draft federal Charter could lead to massive job losses in the public sector, reduce funds for the government’s ambitious infrastructure program, widen the budget deficit and downgrade the country’s credit ratings.
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