Premier Li Keqiang answers questions at a news conference after the conclusion of the national legislative session in Beijing, on May 28, 2020. XINHUA via China Daily/Asia News Network BEIJING — China and the European Union (EU) on Monday reaffirmed their commitment to conclude a comprehensive bilateral investment agreement this year. The pledge came as Chinese Premier […]
The Bureau of Internal Revenue’s (BIR) 2020 tax-collection goal has been further reduced to P1.74 trillion—lower than its actual 2019 take—amid a COVID-19-induced recession that had shut down many firms, leaving millions of Filipinos jobless and without income....
The Duterte economic team has slashed the Bureau of Customs’ (BOC) target collection of import duties and other taxes for 2020 to P706.9 billion in light of the COVID-19 pandemic’s impact on external trade. In a text message on Thursday (April 30), Assistant Customs...
MANILA, Philippines – The Bureau of Internal Revenue’s (BIR) 2020 tax-collection target has been downscaled to P2.26 trillion in consideration of the COVID-19 pandemic’s impact on the economy. Revenue Memorandum Order (RMO) No. 12-2020 issued by Internal Revenue...
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