First-quarter revenue collection short of target by P156B
Covid-19 has shown its impact in the government revenue target as the Department of Finance (DOF) reported that its collections for the first quarter of the year fell short by P156 billion.
DOF: 85 out of every 100 families covered by gov’t subsidies
Finance Secretary Carlos Dominguez III said 85 out of every 100 Filipino families were covered by P256 billion in government subsidy programs for sectors most vulnerable to the economic impact of the Covid-19 pandemic.
Banks, credit card issuers, other lenders ordered to give 30-day grace period for payments
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.
Income tax filing deadline extended to May 15
Following clamor from taxpayers sidelined by the quarantine, the Bureau of Internal Revenue has extended the deadline for the filing of the 2019 annual income tax returns by a month, to May 15, 2020.
Govt says P27.1B ready for health services, economic relief amid Covid-19 pandemic
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.
