BusinessWorld E-paper
August 19, 2026
THE Department of Finance (DoF) is open to proposals to reduce or repeal some taxes, including the value-added tax (VAT), provided the resulting revenue losses are offset by alternative sources, Finance Secretary Frederick D. Go said.
“My categorical position on any tax removal is: I am not opposed to any tax removal for as long as a replacement revenue source is identified,” he said at a budget hearing on Monday.
