Department of Trade and Industry

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    Date: 2020-07-16 16:34:06.074430

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    Date: 2020-07-17 15:13:03.292756

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Regulation for online Apps that has highest interest rate.Like PesoCash and Moneycats on google aps

Requested from DTI by A. LOBO at 04:34 PM on Jul 16, 2020.
Purpose: Generating tax collection from different online Loaning apps. That has too much interest rates.
Date of Coverage: 06/20/2020 - 07/15/2020
Tracking no: #DTI-726039078554

LOBO 04:34 PM, Jul 16, 2020 

Please regulates all online  loan apps on google apps Here in HP instead of the online seller. 
Most of the online loning apps. Has highest interest rates olmost 50% interest rate from the original loan within 14 days grace period. Goverment should inpose proper interest charge from fofferent loaning apps online.


Greetings!

Thank you for your request dated July 16, 2020 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch.

Your request

Regulation for online Apps that has highest interest rate.Like PesoCash and Moneycats on google aps

Response to your request

While our aim is to provide information whenever possible, we deem that the right agency to handle your valuable suggestion is the Bureau of Internal Revenue.  You may wish to contact the BIR at contact_us@bir.gov.ph.

For further assistance you may review the FAQ section of the eFOI site: https://www.foi.gov.ph/help.

Your right to request a review

If you are unhappy with this response to your FOI request, you may ask us to carry out an internal review of the response by writing to Patricia May M. Abejo, Director of the DTI-Knowledge Management and Information Service (KMIS) at email PatriciaMayAbejo@dti.gov.ph.  Your review request should explain why you are dissatisfied with this response, and should be made within 15 calendar days from the date when you received this letter. We will complete the review and tell you the result within 30 calendar days from the date when we receive your review request.

If you are not satisfied with the result of the review, you then have the right to appeal to the Office of the President under Administrative Order No. 22 (s. 2011).

Thank you.

Respectfully,
Cresenciano P. Par
FOI Officer

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