DOF sees higher gov’t revenues in fourth quarter

Defining the News

Department of Finance Secretary Benjamin Diokno said he expects an improvement in revenue collections in the remaining months of the year amid the more vibrant economic activity during the Christmas season.

“This is expected to increase further in the fourth quarter as government agencies implement catch-up plans,” Diokno said. “The expected deceleration in inflation for the remaining months of the year could also provide support to consumption, a significant tax base,” he said. These programs include a tax compliance verification drive; the Run After Tax Evaders ; Oplan Kandado; Philippine offshore gaming operator task force; strike team; and digital transformation programs of the BIR.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MlaStandard /  🏆 20. in PH

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Small businesses ask gov’t to grant 3-year tax reliefDefining the News
Read more »

NGCP lauds DILG for crucial role in completing transmission projectsDefining the News
Read more »

Foodsphere warns firms against using trademark ‘Holiday’Defining the News
Read more »

China’s share in factory jobs to rise furtherDefining the News
Read more »

Citicore Group, Chinese firm sign deal for supply of 700-MW solar modulesDefining the News
Read more »

Globe taps Nokia to install compact, modern antennas in South CotabatoDefining the News
Read more »