DOF eyes P4.3-T revenues to fund 2025 spending plan

Quick Summary:

WITH priority tax reform measures in place, the Department of Finance (DOF) is expected to generate P4.296 trillion in tax revenues in 2025, according to the Department of Budget and Management (DBM).

This is followed by excise taxes worth P276.203 billion, import duties and taxes at P111.147 billion and other fees contributing P19.444 billion.

The DOF has been lobbying for passage of its priority tax reform measures which will generate P28.379 billion in 2025.

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Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets: Philippines

Topics: Generate Collect Taxes Revenues Million Billion 2025 Trillion Excise Percent Expected

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-29 @ 18:17:28 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 601 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 21833441

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News Last Updated: 14 hours ago

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