Treasury Secretary Bessent Faces House Committee Scrutiny
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Bessent says to adjust your paycheck withholding — but mistakes could trigger a tax bill, experts caution
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LOOK: Finance Secretary Ralph G. Recto reminded the National Tax Research Center (NTRC) of its mission to build a tax system that is simple, transparent, and compassionate to ensure that the government can fund its promises without passing the bill to the next generation, during the NTRC’s 65th Anniversary on May 28, 2025. Watch this reel to see highlights of the event. #DOFUpdates #RectoUpdates #RalphRecto #DepartmentofFinance #NTRC | Department of Finance
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WATCH: Finance Secretary Ralph G. Recto, on behalf of the Bureau of the Treasury (BTr), formally received a total of PHP 5.17 billion in remittance from the Bases Conversion and Development Authority (BCDA). This includes a record-breaking PHP 2.04 billion in cash dividends—the highest in BCDA’s history—representing 80% of its net earnings for 2024. On top of this, the BCDA remitted PHP 3.13 billion as a share of its asset disposition proceeds collected last year. Hear from BCDA President and CE
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