To talk about succession planning is to embark on a long journey; the limited space of this column is simply not enough to cover it fully. Thus, I will focus on the most significant highlights applicable to many family corporations. The tendency among most family businesses run by Filipinos is to...
The Bureau of Internal Revenue (BIR) launched a one-time tax abatement program aimed at giving micro-businesses and inactive filers a chance to settle outstanding liabilities and clean up their financial records. Under Revenue Regulations No. 4-2026, the tax bureau established guidelines for the...
ILOILO CITY – Amnesty International Philippines is alarmed over alleged growing impunity in the Visayas and insignificant progress in addressing human rights concerns. “What we are witnessing is the normalization of violence and impunity. Communities are displaced, human rights defenders are...
The Senate is still waiting for the Department of Finance’s (DOF) insight on the bill seeking to extend the period of availment of estate tax amnesty. This, according to the Senate Committee on Ways and Means, the primary committee chaired by Sen. Pia Cayetano that is tasked to oversee...
While delinquent estate taxpayers may avail themselves of installment payments under the amnesty program, the taxman warned that missing due dates will result in the forfeiture of amnesty benefits. “Installment payment may be allowed within two years from the statutory date of its payment without...
The Philippine government, through the Department of Foreign Affairs (DFA), has welcomed the full pardon and release of U Win Myint, describing it as a “constructive step” toward restoring trust and promoting inclusive dialogue in Myanmar. In a statement issued on April 19, the DFA also noted...
A total of 16,003 former rebels and ex-combatants applied for the national government’s amnesty program as the deadline set by President Marcos Jr. officially ended but calls for its extension continue to mount. The Office of the Presidential Adviser on Peace, Reconciliation and Unity (OPAPRU)...
Senate Minority Leader Alan Peter Cayetano and sister, Senator Pia Cayetano has called on the government to intensify the promotion of the Estate Tax Amnesty program so that more Filipinos can benefit once the measure seeking to extend its period of availment is enacted into law. The siblings call...
Senate President Pro Tempore Panfilo “Ping” Lacson has filed a bill seeking to grant an amnesty on unpaid estate taxes covering the estates of individuals who died on or before Dec. 31, 2025 that have outstanding or accrued tax liabilities as of that date. In filing Senate Bill No. 1889,...
Senate Majority Leader Juan Miguel “Migz” Zubiri has joined other lawmakers in pushing for a bill seeking to extend the deadline for the Estate Tax Amnesty to December 31, 2028. Zubiri said passage of Senate Bill No. 1865 into law would give heirs more time to settle long-standing obligations...
President Marcos has ordered the Philippine Health Insurance Corp. (PhilHealth) to grant amnesty for business owners, private employers, and self-employed Filipinos who have unpaid contributions. Marcos made the announcement in a video message on Thursday morning, Jan. 8, giving employers a year to...
The Washington-based multilateral lender International Monetary Fund (IMF) sees the narrowing of Philippine debt relative to the size of the economy being delayed until it reaches 60 percent, with the proposed revenue-generating general tax amnesty (GTA) among the measures seen as offering limited...
