In line with his ongoing rightsizing efforts, President Ferdinand "Bongbong" Marcos Jr. has ordered the abolition of the Department of Finance (DOF) 's One-Stop-Shop Inter-Agency Tax Credit and Duty Drawback Center (OSS Center), Malacañang said. President Ferdinand 'Bongbong' Marcos Jr....
A group of Camarines Sur solons are batting for the imposition of a "carbon tax" on the use of electricity (CTE) as a way to raise extra funds for climate action initiatives. (Kelly Sikkema/ Unsplash) One of them, Camarines Sur 2nd district Rep. LRay Villafuerte, said such landmark tax can help the...
Making gun ownership more expensive in the Philippines will reduce the proliferation of loose firearms. (Maxx/ Unsplash) That's the premise of House Bill (HB) No.3367, mainly authored by Camarines Sur 2nd district Rep. LRay Villafuerte. In essence, the measure seeks to promote responsible gun...
The Parañaque City government recognized the top taxpayers for their role in making Parañaque one of the richest cities in the country. Mayor Eric Olivarez said the “Gawad Parangal 2023” held at the East Ocean Palace was conducted by the city government in celebration of the 25th cityhood...
Finance Secretary Benjamin E. Diokno welcomed the decision of the Supreme Court affirming the constitutionality of the Tax Reform for Acceleration and Inclusion (TRAIN) Act amid petitions claiming the law to be “anti-poor” and unlawful. The Supreme Court dismissed the petitioners’...
Having no salary means having no need to pay income tax. P3PWD Party-list nominee Rowena Guanzon (Facebook) P3PWD Party-list nominee Rowena Guanzon espoused this logic via Twitter on Wednesday, Feb. 8. "Hindi ako magbabayad ng taxes. Hindi naman ako sinweldohan ni Speaker Martin eh. Walang sueldo,...
A $25 entry tax on foreign visitors to the Philippines that would be set aside and used to improve tourist welfare services. Boracay, arguably the crown jewel of Philippine tourism. (RJ Baculo/ Unsplash) That, in a nutshell, is the proposal of Camarines Sur 2nd district Rep. LRay Villafuerte, as...
President Ferdinand "Bongbong" Marcos Jr. has deemed "reasonable" the proposal to increase taxes on luxury goods from 20 percent to 25 percent. President Ferdinand 'Bongbong' Marcos Jr. (Noel Pabalate) "alagay ko naman (I think), it’s reasonable that we will tax the consumption side of those who...
Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui, Jr. vowed to conduct "no let up" tax enforcement operations to hit the P2.6 trillion collection target for the year. The BIR chief made the pledge during the launching of the agency's 2023 tax drive at the Philippine International...
President Ferdinand "Bongbong" Marcos Jr. has encouraged the public to pay the "correct amount" of taxes on time, saying it is crucial to the country's economic recovery. President Ferdinand 'Bongbong' Marcos Jr. (Ali Vicoy) "I encourage the public to pay the correct amount of taxes on time to...
The Bureau of Internal Revenue (BIR) has stepped up its tax campaign drive in a bid to raise P2.6 trillion this year. President Ferdinand R. Marcos, Jr. will lead top government officials, business leaders and officers of various professional groups in launching the collection drive at the...
The Value-Added Tax (VAT) Refund Program for foreign tourists, which was recently approved by President Ferdinand R. Marcos Jr., is a welcome development. The program, which is set for implementation in 2024, is among the proposals the Private Sector Advisory Council (PSAC) presented to Marcos to...
