Economy
BIR expands VAT-exempt drug coverage to 2,263 medicines
The Bureau of Internal Revenue (BIR) has released an updated list of value-added tax (VAT)-exempt medicines, expanding coverage to 2,263 drugs under Republic Act No. 10963 or the TRAIN Law and Republic Act No. 11534 or the CREATE Act, in a move aimed at easing healthcare costs for Filipino patients.
DTI sees strong demand for P4-B MSME fund
Trade Secretary Cristina Roque reported strong early demand for the government’s P4-billion financing program for micro, small and medium enterprises (MSMEs), signaling growing business confidence and urgent financing needs.
DocTax highlights clarity gap as tax deadline looms
As the April 15 filing deadline approaches, fintech firm OneCFO Group is drawing attention to a persistent hurdle among Filipino taxpayers: turning available tax information into clear, practical guidance.
Gov’t can fund initial crisis aid, needs backup
The Philippine government can bankroll its initial response to emerging global shocks using existing funds, but may need congressional support to include a special appropriation if pressures persist, Socioeconomic Planning Secretary Arsenio Balisacan told lawmakers on Monday.
Clark simplifies permits with auto-renewal reform rollout
Clark Development Corp. (CDC) has launched an automatic business permit renewal system for qualified locators, marking a major step in its drive to improve the ease of doing business in the Clark Freeport Zone.
