The national government, spearheaded by the Department of Finance and Landbank, has launched the Overseas Filipino Bank (OFBank) as a digital-only, first branchless government bank that allows overseas Filipinos to perform banking transactions anytime and anywhere in the world.
The Department of Finance (DOF) said tax payments made through electronic channels last year amounted to P1.8 trillion, which was 84 percent of the total collections of the BIR.
The Department of Finance (DOF) has warned the public against false information that DOF secretary Carlos Dominguez III is promoting a cryptocurrency auto-trading program called Bitcoin Revolution.
The Department of Finance and the Bureau of Internal Revenue are currently crafting regulations and designing a system to collect VAT on digital transactions to help the government raise revenues.
The Department of Finance (DOF) has announced that it will launch two digital-based programs aimed at improving tax compliance and expanding financial inclusion, especially among Filipino migrant workers.
The DOF is pushing for the reform of incentives being given to businesses, among them the BPO sector, as it vies to increase revenues to finance the government?s massive infrastructure program.
The Department of Information and Communications Technology (DICT) is standing by its decision that it is unwise to hold an auction for the entry of a new major telco player.
Department of Finance (DOF) secretary Carlos Dominguez III on Thursday, April 19, said there should be no rush in the bidding for the country's third telecommunications player.
