DoF execs told: Engage more with new legislatorshome/Business/Top Business/DoF execs told: Engage more with new legislatorsFINANCE department officials were directed to actively engage with new lawmakers who will assume office when the 18th Congress opens on July 22 to speed up the approval of the agency’s priority measures. “We have to improve our engagement with the legislature, and we have to get it more organized. We have to get our tax-reform packages passed by the end of this year,” Finance Secretary Carlos Dominguez 3rd was quoted in a statement released by his department on Wednesday. The first package, Republic Act 10963 or the “Tax Reform for Acceleration and Inclusion” (Train) Act — which reduced personal income taxes and raised excise taxes on selected items, including automobiles, petroleum products and sugar-sweetened beverages — was implemented at the start of 2018. Finance Assistant Secretary Antonio Lambino 2nd, meanwhile, mentioned the completion and full implementation of the National Single Window to facilitate trading and speed up the processing of regulatory requirements here and with the country’s regional neighbors.

Source: Manila Times June 12, 2019 16:33 UTC