Government set to assist ‘nationally important’ companies
As companies reel from the impact brought about by the Covid-19 pandemic, a government official said the state might infuse capital into important businesses.
As companies reel from the impact brought about by the Covid-19 pandemic, a government official said the state might infuse capital into important businesses.
Finance Secretary Carlos Dominguez III has asked the Senate to consider the reduction of the corporate income tax rate to 25 percent from 30 percent starting July 2020.
Banks, credit card companies, pawnshops and other lenders must grant a 30-day extension of payments to borrowers for debts falling due within the period of enhanced community quarantine, rules released by the Department of Finance on Wednesday stated.
The government is readying P27.1 billion in funds for frontline services in the healthcare sector as well as economic relief for workers affected by community quarantine measures due to the Covid-19 pandemic, Finance Secretary Carlos Dominguez III said on Tuesday.
The House Ways and Means committee maintained that POGO’s should be taxed in the Philippines even if their operations are online since they have workers in the country.