DOF rules out new taxes as BIR beats collection targets

Quick Summary:

IN recent announcements, the Department of Finance (DOF) has made it clear that the Philippine government is not considering new taxes at this time, thanks to a robust fiscal position.

Finance Secretary Ralph Recto emphasized that the government is adeptly managing its finances to meet public needs without overburdening citizens.

This clarity has been bolstered by impressive growth figures from the Bureau of Internal Revenue (BIR), which underscore the agency’s effective tax collection strategies.(Read the BusinessMirror story, "DOF: No new taxes, fiscal position remains robust,” April 30, 2025).

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Article Details

Author / Journalist: BusinessMirror Editorial

Category: BusinessStartups

Markets: Philippines

Topics: Opinion Editorial Editorial

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-05 @ 16:01:00 (23 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 588 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 25 words per sentence (average)

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

Copyright Owner: © Business Mirror

News ID: 28410340

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 20 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 15 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #37

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