Secretary Purisima to IMF and WB: It is time for a formal risk-sharing agreement on climate change

Secretary of Finance Cesar V. Purisima attended “The Economics of Climate Change: An Informal Ministerial Meeting” during the 2014 Spring Meetings of the International Monetary Fund (IMF) and The World Bank in Washington D.C. on April 11, 2014. During the high-level ministerial meeting, Purisima urged ministers to develop a formal risk sharing mechanism to address the increasingly costly effects of climate change.

DOF-BLGF publishes online LGU performance scorecards for fiscal sustainability

The LGU Fiscal Sustainability Scorecard, developed through the Department’s Fiscal Intelligence Unit (FIU) and the BLGF, takes into account key results areas of local revenue generation capacity, local collection growth, expenditure management, updating of Schedule of Market Values, and reportorial compliance of treasurers and assessors with the DOF and BLGF.

Taxi and freight forwarding operator and his CPA charged with tax evasion

The Bureau of Internal Revenue (BIR) today filed a criminal complaint with the Department of Justice against Gaudencio V. De Guzman (De Guzman) for willful attempt to evade or defeat taxes and deliberate failure to supply correct and accurate information in his Annual Income Tax Return (ITR) for taxable years 2009, 2010 and 2011 pursuant to Sections 254 and 255 of the National Internal Revenue Code of 1997, as amended (Tax Code).

BIR charges two corporate taxpayers with willful failure to pay tax

The Bureau of Internal Revenue (BIR) today filed separate criminal complaints with the Department of Justice against two delinquent corporate taxpayers (including their responsible officers) for Willful Failure to Pay Taxes, in violation of Section 255 in relation to Section 253 of the National Internal Revenue Code of 1997, as amended (Tax Code).