Don’t blame us. Senate President Juan Miguel F. Zubiri on Tuesday, May 16, issued this statement after stressing that passage of a bill requires the reglamentary legislative process. Zubiri was apparently piqued at Congressman Joey Salceda who has called on the Senate to pass quickly a bill that...
Albay 2nd district Rep. Joey Salceda (Rep. Salceda's office) Albay 2nd district Rep. Joey Salceda of the House of Representatives has challenged the Senate to "match their speed" when it comes to legislation. “I urge the Senate, for this and in general, try to match the speed with which the House...
House of Representatives (PPAB) An estimated one million families are expected to benefit from the bill extending the availment period of estate tax amnesty--the same bill that was passed on third and final reading by the House of Representatives on Monday afternoon, May 15. Given final nod by the...
Mass housing developers have asked the Board of Investments (BOI) to raise to P4 million from the current P2 million threshold price per housing unit that would be eligible for government tax incentives, and extend the income tax holiday (ITH) availment period to six years from four years. In its...
Taxpayers were reminded by the Bureau of Internal Revenue (BIR) that they have until Monday, May 15, to submit their quarterly income tax return for individuals, estates, and trusts. (File photo) This deadline also applies to eligible self-employed individuals and professionals who wish to avail of...
The House plenary. (Ellson Quismorio/ MANILA BULLETIN) The bill seeking to extend by another two years the availment of estate tax amnesty breezed through House plenary Tuesday afternoon, May 8, en route to its second reading passage. Declared approved on second reading was House Bill (HB) No.7909,...
(MANILA BULLETIN) The House Committee on Ways and Means approved on Tuesday, May 9 a bill criminalizing tax racketeering. Albay 2nd district Rep. Joey Salceda sponsored House Bill (HB) No.7653 during Tuesday's committee proceedings. Salceda chairs the panel. Salceda’s proposal defines tax...
House Deputy Speaker and Batangas 6th district Rep. Ralph Recto (Facebook) House Deputy Speaker and Batangas 6th district Rep. Ralph Recto has a simple request for his former colleagues in the Senate: pass a counterpart bill extending the availment of estate tax amnesty for an extra two years....
A total of 1,370 IT business process management (ITBPM) firms with combined investments of P8.185 billion have transferred their registration to the Board of Investments (BOI) from other investment promotion agencies (IPAs) to continue enjoying fiscal perks even if they operate under the...
Exporters and the Philippine Economic Zone Authority (PEZA) said the revised rules on value added tax (VAT) zero rating on the local purchases of goods and services of exporters are expected to boost investor confidence in the country. PEZA Director General Tereso O. Panga said following the release...
A total of 1,370 IT business process management (ITBPM) firms with combined investments of P8.185 billion have transferred their registration to the Board of Investments (BOI) from other investment promotion agencies (IPAs) to continue enjoying fiscal perks even if they operate under the...
House of Representatives (Ellson Quismorio/ MANILA BULLETIN) The House Committee on Ways and Means has approved with amendments the bill seeking to extend by another two years the availment of the estate tax amnesty, as provided for under Republic Act (RA) No.11213 or the "Tax Amnesty Act". Chaired...
