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.
For the month of March 2014, the Bureau of Internal Revenue (BIR) collected P 82.18 billion in tax revenues—P7.35 billion or 9.82% more than the collections made in the same period last year.
The National Government (NG) budget deficit for February 2014 was recorded at P9.7 billion, a 17% (P2.0 billion) improvement compared to figures for the same month a year ago. This brings the fiscal gap for the first two months of the year to P43.9 billion.
The Bureau of Customs (BOC) intensifies its drive against smuggled and substandard steel with the filing of charges before the Department of Justice (DOJ) against the owners and customs brokers of two firms that attempted to illegally import steel products worth close to P31 million.
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.
The Philippine Deposit Insurance Corporation (PDIC) officially launched “Takbo sa Pagbangon ng Leyte,” a benefit run on May 4, 2014 at the PNB Financial Center in Pasay City.
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).
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).
The Department of Finance has released an infographic listing the Bureau of Internal Revenue and the Bureau of Customs employees who have attempted to evade their taxes.
The Monetary Board (MB) placed the Gulf Bank (Rural Bank of Lingayen, Inc.) under the receivership of the Philippine Deposit Insurance Corporation (PDIC) by virtue of MB Resolution No. 543 dated April 3, 2014. As Receiver, PDIC took over the bank on April 4, 2014.