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NEW YORK, United States — An unauthorized message posted to the US Securities and Exchange Commission's official X account briefly sent bitcoin prices soaring, forcing the market regulator to deny it had approved a new cryptocurrency product.
MANILA, Philippines — The country’s unemployment rate in November declined to its lowest level since 2005, as more jobs were created by the increased economic activity during the holiday season.
MANILA, Philippines — The number of unemployed Filipinos decreased in November 2023, with unemployment rate reaching the lowest in recent years, the Philippine Statistics Authority (PSA) reported on Tuesday.
(UPDATE) PRESIDENT Ferdinand Marcos Jr. has signed into law a measure that modernizes the tax administration process and strengthens taxpayer rights, Malacañang said on Sunday.
THE Bureau of Customs (BoC) surpassed its revenue collection target last year, the Finance department said on Monday, propelled by heightened revenue collection, anti-smuggling, and digitalization efforts.
The Bureau of Customs (BOC) has further intensified its revenue collection, drive against smuggling, and enhanced trade facilitation through digitalization initiatives in 2023.
The Bureau of Internal Revenue (BIR) has ramped up its tax compliance and tax enforcement drives in 2023, resulting in increased collection performance of PHP 2.34 trillion as of November 2023, exceeding the previous year’s collection of PHP 2.16 trillion by 8.6 percent.
Finance Secretary Benjamin E. Diokno welcomed the enactment of the Ease of Paying Taxes (EOPT) Act, which was signed into law as Republic Act No. (RA) 11976 by President Ferdinand R. Marcos, Jr. on January 5, 2024, to modernize the Philippine tax administration and strengthen taxpayer rights.