Former DOF Chief Ralph Recto Appointed as New Executive Secretary
Ralph Recto has been appointed Executive Secretary following Cabinet resignations tied to a flood control scandal.
The New BIR Chief Previously Signed PH Commitment for Crypto Tax Reporting Framework by 2028 as Finance Usec
Finance exec Charlito Mendoza, now BIR chief, once led the Philippines’ commitment to a global crypto tax reporting rule set for 2028.
New CMEPA Law Ends Tax Breaks on Long-term Savings, Imposes 20% Flat Rate
Banks are now imposing a uniform 20% tax on all interest income from deposits, ending exemptions on long-term savings under the new CMEPA law.
SEC’s New Chair Expresses Support on DOF Chief Recto’s Investor-Friendly Policies
Francis Lim also pledged to give local corporations to access global funding indices and developing a roadmap for alternative investment products like options, futures, and commodity derivatives.
CMEPA: How the New Capital Markets Law Will Lower Taxes and Boost Investments
The newly signed Capital Markets Efficiency Promotion Act slashes stock transaction taxes, simplifies income tax rules, and aims to draw millions more Filipinos into investing.
Crypto PH News Recap: June 16 to 22, 2025
Today, we curated some of the news from crypto and blockchain organizations in the Philippines from last week, June 16 to 22, 2025.
DOF: PH to Adopt Crypto Tax Framework By 2028 to Combat Tax Evasion
The Philippines vows to implement a global crypto-asset reporting system by 2028 to fight tax evasion and illicit financial flows under President Marcos’ transparency drive.
12% VAT! Here’s the Full List of Digital Services Now Taxed in the PH
Find out which digital platforms will face a 12% VAT under R.A. 12023—and which services the BIR says are safe from the tax hike.
Recto: Finance Department Withdraws GROWTH Bill
Finance Secretary Recto withdrew the GROWTH Bill proposal to increase taxes, citing stronger-than-expected tax collections in the first quarter of 2025.
Recto Pushes Tax Hike on Capital Gains; Salceda Warns of Capital Flight
The Philippine DOF plans to raise capital gains, donor, and estate taxes from 6% to 10% under the Growth Bill, aiming to generate ₱300 billion. Rep. Salceda warns the move may trigger capital flight and hurt the middle class.