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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 ...
The Registry of Scripless Securities ("RoSS") was established in November 1996 by the Bureau of the Treasury under then Treasurer of the Philippines, Caridad Valdehuesa. RoSS was implemented to respond and eliminate the operating risks posed by the issuance, trading, and transportation of certificated securities as highlighted by the Bancapital ...
The Bureau of Internal Revenue [2] (BIR; Filipino: Kawanihan ng Rentas Internas) is a revenue service for the Philippine government, which is responsible for collecting more than half of the total tax revenues of the government.
BOC – Bureau of Customs; BON – Philippine Board of Nursing; BPI – Bureau of Plant Industry; BPRE – Bureau of Post-Harvest Research and Extension; BSP – Bangko Sentral ng Pilipinas; BSWM – Bureau of Soils and Water Management; BTr – Bureau of the Treasury [8] BuCor – Bureau of Corrections
It was first established in 1901 as the Philippine Bureau of Printing. It is an instrumentality of the Government entrusted with the tasks of printing and binding routine Government publications, public documents, the Official Gazette, and other official forms. [3]
In 1900, the First Philippine Commission passed Act No. 52, [5] [6] which placed all banks under the Bureau of the Treasury and authorizing the Insular Treasurer to supervise and examine banks and all banking activity. In 1929, the Department of Finance, through the Bureau of Banking, took over bank supervision.
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.
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 ".