• Contact
Sunday, November 23, 2025
Register
Login
European Press
Advertisement
  • News
  • Business
  • Tech
  • Sport
  • Health
  • Entertainment
  • Lifestyle
  • Video
No Result
View All Result
  • News
  • Business
  • Tech
  • Sport
  • Health
  • Entertainment
  • Lifestyle
  • Video
No Result
View All Result
European Press
No Result
View All Result

DoF warns VAT rate cut could slash P1 trillion in revenue and risk credit rating downgrade

20 November 2025
in Business
Reading Time: 3 mins read
A A
DoF warns VAT rate cut could slash P1 trillion in revenue and risk credit rating downgrade
ShareShareShareShareShare

By Kenneth Christiane L. Basilio, Reporter

THE Department of Finance (DoF) expressed “strong reservations” regarding a proposal to lower the value-added tax (VAT) rate, warning it could cost the government more than P1 trillion in foregone revenues through 2030 and undermine its fiscal consolidation efforts.

Support authors and subscribe to content

This is premium stuff. Subscribe to read the entire article.

Login if you have purchased

Subscribe

Gain access to all our Premium contents.
More than 100+ articles.
Subscribe Now

Related Posts:

  • Corruption scandal to slow Philippine growth, says Recto
    Corruption scandal to slow Philippine growth, says Recto
  • US budget deficit dips in fiscal 2025 on boost from tariffs, education spending cuts
    US budget deficit dips in fiscal 2025 on boost from…
  • BIR may miss collection goal this year
    BIR may miss collection goal this year
ShareTweetSendPinShare
Previous Post

Confronting gaps in the Philippine education system

Next Post

BoP position swings to $706-million surplus in October

Next Post
BoP position swings to 6-million surplus in October

BoP position swings to $706-million surplus in October

Recommended

Pioneer champions a people-first approach to insurance

Pioneer champions a people-first approach to insurance

27 October 2025
Trump says all trade talks with Canada are terminated

Trump says all trade talks with Canada are terminated

24 October 2025
Latest news bulletin | November 5th, 2025 – Midday

Latest news bulletin | November 5th, 2025 – Midday

14 November 2025
A parent’s guide to buying an AI toy

A parent’s guide to buying an AI toy

22 November 2025
Montemaria Asia Pilgrims, Inc. to hold Annual Stockholders’ and Organizational Board Meeting on Dec. 5

Montemaria Asia Pilgrims, Inc. to hold Annual Stockholders’ and Organizational Board Meeting on Dec. 5

7 November 2025
European Press

European-press.com shares the latest news from Europe and around the world. It covers topics such as business, technology, sports, health, entertainment, and lifestyle. Feel free to get in touch with us!

Disclaimer  Privacy Policy – EU  Imprint 

Contact Us

What’s New Here!

  • Are European cities prepared for climate change?
  • Giants’ Dalen Cambre: Cam Skattebo wasn’t in danger at WWE event
  • Harrison Phillips showing Jets what playing through pain looks like
  • Latest news bulletin | November 11th, 2025 – Morning

Subscribe to Our Newsletter

Copyright 2025 © EUROPEAN PRESS All rights on our posts reserved!

Translate »
European Press
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
No Result
View All Result
  • News
  • Business
  • Tech
  • Sport
  • Health
  • Entertainment
  • Lifestyle
  • Video

Copyright 2025 © EUROPEAN PRESS All rights on our posts reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
×