Taxation in the Philippines

In 2022 indirect taxes brought revenues of 33.2 billion euros to the state budget, compared to €28.1 billion in 2021.

Within just one year revenues increased by €5 billion, so that the ratio of indirect taxes from all tax revenue exceeded 60% for the first time in at least 20 years.

Greece on Thursday announced a package of measures amounting to 115 million euros to support the country's air transport sector, hit hard by the lockdown to contain the spread of the new coronavirus including the grounding of flights.

More than twice as many tax declarations have been submitted compared to the same time last year, which is due to the fact that the online Taxisnet system opened earlier than ever this year.

The consumer price index for March 2019 compared to February 2019 is 100.1%, ie, monthly inflation of 0.1%. Inflation from the beginning of the year (March 2019 versus December 2018) was 1.2%, and annual inflation in March 2019 compared to March 2018 was 3.6%.