As the deadline for the filing and payment of the 2022 Annual Income Tax Return (AITR) approaches, the Presidential Communications Office (PCO) has reminded the public to maximize the Bureau of Internal Revenue (BIR)'s "File and Pay Anywhere" setup. *Presidential Communications Office / Facebook* In...
High-ranking House of Representatives members are seeking a two-year extension to the availment of the estate tax amnesty, as provided for under Republic Act (RA) No.11213 or the "Tax Amnesty Act". Leading the filing of House Bill (HB) No.7409 was House Speaker and Leyte 1st district Rep. Martin...
In anticipation of the Metro Manila Summer Film Festival, Senator Manuel “Lito” Lapid renewed his call for the government to provide support for the Philippine arts and entertainment industry by providing them corporate tax breaks, including exemptions from amusement tax. In filing...
The Department of Justice (DOJ) dismissed tax evasion case filed by the Bureau of Internal Revenue (BIR) against businessman Joseph Calata, and agriculture products retailer Agri Phil Corp. In a resolution dated Feb. 27, 2023, a copy of which was obtained by reporters on Wednesday, March 29, the DOJ...
The Bureau of Internal Revenue (BIR) should go after the third party auditor for the Philippine Offshore Gaming Operators (POGO) and their service providers to hold them accountable for tax liabilities. Sen. Sherwin Gatchalian, chairman of the Senate Committee on Ways and Means, said this is...
AnaKalusugan Party-list Rep. Ray Reyes says there is a need to increase the so-called "sin taxes" being imposed in the country. Reyes, vice chairman of the House Committee on Health, said that amending the Sin Tax Reform Law of 2012 to this effect would help fund Universal Health Care (UHC) and...
Albay 2nd district Rep. Joey Salceda wants to outlaw tax racketeering and at the same time make it a non-bailable offense. For this purpose, the House Committee on Ways and Means chairman penned and filed House Bill (HB) No.7653, or the proposed Act defining the crime of tax racketeering. The...
A proposal to impose carbon tax on the use of electricity to raise extra funds for initiatives against climate change is up at the House of Representatives. The measure was filed by Camarines Sur 2nd District Rep. LRay Villafuerte, together with fellow congressmen from the province — his son Rep....
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...
