The Department of Finance (DoF) is confident that it can persuade more businesses to go green this year, citing the possible passage of a bill easing tax payments as well as increased promotion of available incentives. READ:
THE DEPARTMENT of Finance is confident that it can persuade more businesses to go green this year, citing the possible passage of a bill easing tax payments as well as increased promotion of available incentives.
However, she expects to see progress this year since “we’re just at the beginning of implementing it,” referring to incentive packages provided by the fiscal incentives review board. She said the bill if passed would make it easier for export companies that are entitled to a value-added tax refund to get their claim, benefits, and incentives given by the government.
The Finance department is currently establishing a sustainable finance ecosystem to synergize investments from the public and private sectors to yield green projects that “will have a lasting and permanent effect on the environment and our people,” she added.
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