DOF fleshes out 10-pt agenda in first 100 days

THE Department of Finance (DOF) has initiated a broad range of initiatives to help flesh out President Rodrigo Duterte’s 10-point socioeconomic agenda to achieve inclusive growth and attack poverty.

The DOF submitted to the Congress Package One of this tax reform plan—dubbed the proposed Tax Reform for Acceleration and Inclusion Act—on September 26. Its main feature is to exempt most Filipinos from paying income taxes and grow the middle class, while collecting revenues from affluent taxpayers to help fund the President’s 10-point socioeconomic agenda.