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House Bill No. 4774 is credited as the original measure that led to the TRAIN Act. It was endorsed by the Department of Finance (DOF) to the Philippine House of Representatives on September 26, 2016 as the first package of a wider CTRP. [13] It was filed before the legislature on January 17, 2017, by Congressman Dakila Cua [14] of Quirino. Cua ...
The Department of Finance (DOF; Filipino: Kagawaran ng Pananalapi) is the executive department of the Philippine government responsible for the formulation, institutionalization and administration of fiscal policies, management of the financial resources of the government, supervision of the revenue operations of all local government units, the review, approval and management of all public ...
A comparative graph of Revenue and Tax Effort from 2001 to 2010 [3] A comparative graph of Tax and Non-Tax Revenue contribution from 2001 to 2010 [4]. The Philippine government generates revenues mainly through personal and income tax collection, but a small portion of non-tax revenue is also collected through fees and licenses, privatization proceeds and income from other government ...
The Department of Budget and Management (DBM; Filipino: Kagawaran ng Badyet at Pamamahala) [1] is an executive body under the Office of the President of the Philippines.It is responsible for the sound and efficient use of government resources for national development and also as an instrument for the meeting of national socio-economic and political development goals.
Website. www.lrta.gov.ph. The Light Rail Transit Authority (LRTA) is a public transport operator that is responsible for the construction, operation, maintenance and/or lease of Manila Light Rail Transit System in the Philippines. It is organized as a government-owned and controlled corporation under the Department of Transportation (DOTr) as ...
The policy of taxation in the Philippines is governed chiefly by the Constitution of the Philippines and three Republic Acts. Constitution: Article VI, Section 28 of the Constitution states that "the rule of taxation shall be uniform and equitable" and that " Congress shall evolve a progressive system of taxation ". [1] National law: National ...
Rail transportation in the Philippines. Rail transportation in the Philippines is currently used mostly to transport passengers within Metro Manila and provinces of Laguna and Quezon, as well as a commuter service in the Bicol Region. Freight transport services once operated in the country, but these services were halted.
Website. dof.gov.ph. The secretary of finance (Filipino: kalihim ng pananalapi) is the cabinet of the Philippines member in charge of the Department of Finance. The current secretary is Ralph Recto, who was appointed to office on January 12, 2024.