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...
The mining sector is amenable to the government’s planned higher taxes as long as the move will not put them out of business and not discourage the strong interest by the world’s top mining giants to invest in the country. Mike Toledo, president of the Chamber of Mines of the Philippines...
Several senators on Monday, January 30 said they are amenable to the government's move to grant Value-Added Tax (VAT) refunds to foreign tourists but stressed the need for public consultations on the matter. Senator Nancy Binay said she welcomes President Ferdinand “Bongbong” Marcos Jr.’s...
Overseas Filipinos workers (OFWs) may enjoy tax- and duty-free balikbayan boxes if this House bill, authored by Cagayan de Oro City Rep. Rufus Rodriguez, is passed into law. Inspection of balikbayan boxes by Customs Commissioner Yogi Filemon Ruiz (Ali Vicoy/MANILA BULLETIN) House Bill (HB) No....
President Ferdinand "Bongbong" Marcos Jr. has approved the recommendation to implement the Value-Added Tax (VAT) Refund Program for foreign tourists by 2024 to boost tourist arrivals in the country. TOURISTS enjoy the sunset at world-famous Boracay Island in Malay town, Aklan province. (Tara Yap)...
