The Department of Finance (DOF) ordered the Bureau of Internal Revenue (BIR) to fast-track its digitalization program to enable the government exceeds its revenue targets. Speaking at the BIR anniversary celebration, Finance Secretary Benjamin E. Diokno said the bureau, which contributes about...
The Court of Tax Appeals (CTA) has affirmed the decision of the Bureau of Customs (BOC) to confiscate 18 imported sports cars and service utility vehicles (SUVs) for violation of the tariff and internal revenue laws. (Court of Tax Appeals) In a 53-page decision, the court's Special Second Division...
President Ferdinand “Bongbong” R. Marcos Jr. on Monday, August 1, explained why he vetoed House Bill (HB) 9652 or the bill granting tax exemptions to the honoraria, allowances and other benefits given to election workers. President Ferdinand 'Bongbong' Marcos Jr. (Screengrab from BBM VLOG 220)...
The Commission on Elections (Comelec) said it respects the decision of President Ferdinand "Bongbong" Marcos Jr. to veto the bill exempting poll worker honoraria from taxes. Comelec/MB "We respect the Office of the President, which has the power to veto such matters," Comelec Acting Spokesperson...
The Bureau of Internal Revenue (BIR) filed separate tax evasion charges against two Cebu City businessmen for alleged refusal to settle tax debts totalling to more than P65 million. Bureau of Internal Revenue It was the first Run-After-Tax-Evaders (RATE) case submitted to the Department of Justice...
The Bureau of Internal Revenue (BIR) has resumed street-by-street inspection of business establishments nationwide to strictly enforce compliance of tax laws and regulations. Bureau of Internal Revenue BIR Commissioner Lilia Catris Guillermo said regional directors may now issue mission orders (MO)...
President Ferdinand Marcos Jr. delivered on Monday, July 25, his first State of the Nation Address (SONA)—a speech that was 73 minutes long, and marked by 90 rounds of applause. House Speaker Martin Romualdez and Senate President Juan Miguel Zubiri applaud President Ferdinand Marcos Jr. as he...
Albay 2nd district Rep. Joey Salceda has revealed that 10 out of the 18 bills mentioned by President Ferdinand "Bongbong" Marcos Jr. during his first State of the Nation Address (SONA) at the Batasang Pambansa Complex on Monday, July 25, have already been approved on third and final reading by the...
Albay 2nd district Rep. Joey Salceda shared on Saturday, July 23 the best way to tax rich Filipinos. (Office of Albay 2nd district Rep. Joey Salceda) This, as the economist-solon bared in a statement that he favored the imposition of wealth taxes as a way to help government raise funds for public...
To alleviate the financial burdens of local businesses in Marikina City amid the pandemic, Mayor Marcelino "Marcy" Teodoro signed on Monday, July 18, a new ordinance granting a tax amnesty for business owners until December 31, 2022. Photo from Marikina PIO As stated in Ordinance No. 64, series of...
Finance Secretary Benjamin E. Diokno has committed to pursue the passage of the remaining tax reform packages that were left behind by the Duterte administration involving real property valuation and financial taxation. Once in the 19th Congress opens, Diokno said the Marcos administration would...
Senator Sonny Angara said the middle class will experience some relief next year through income tax deduction. “Yes. Next year there would be tax relief. Under the TRAIN law, there would be another income tax reduction,” Angara said during an interview at the sidelines of the 20th...
