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.
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Finance Secretary Recto withdrew the GROWTH Bill proposal to increase taxes, citing stronger-than-expected tax collections in the first quarter of 2025.
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.
DOF and SEC to develop stringent guidelines for regulating cryptocurrency registration and trading in the Philippines, prioritizing caution and viability amidst prevalent scams.
Sec. Recto's 6 trillion crypto investment data clashes with third-party data showing shrinking inflows.
The Coinbase CEO expressed strong interest in the Philippines, citing its rapidly growing digital economy, high crypto adoption rates, and vibrant blockchain gaming ecosystem.
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