The Department of Finance (DOF) reported that the comprehensive tax reform program (CTRP) initiated by President Duterte since he took office has yielded more than half a trillion pesos in fresh government revenues. In a report to Finance Secretary Carlos G. Dominguez III, the DOF’s Domestic...
House Ways and Means Committee chairman, Albay 2nd district Rep. Joey Salceda insisted that the proposal to remove value-added tax (VAT) on power generation and excise taxation on fuel source is not possible without legislation. Albay 2nd district Rep. Joey Salceda (File photo/ MANILA BULLETIN)...
The progressive party-list group Bayan Muna has pushed the Supreme Court (SC) to act swiftly on the petition seeking to cancel the certificate of candidacy (COC) of presumptive president Ferdinand “Bongbong” Marcos Jr. Bayan Muna Party-list Rep. Carlos Zarate (Photo from Bayan Muna) “There is...
Economist and Albay 2nd district Rep. Joey Salceda says that to pay off the country’s Covid-19 debts, the next administration will have to generate around P326-billion in yearly revenue. Albay 2nd district Rep. Joey Salceda (Photo from Joey Sarte Salceda FB) As of January 2022, the Department of...
A lawyer of one of the groups that asked for presumptive president Ferdinand Marcos Jr.’s disqualification from the 2022 presidential race said that the former senator will be in power to decide on the myriad of issues that face his family, including reparation for the human rights victims during...
Exemption or reduction in payment of the motor vehicle user’s charge (MVUC) for electric vehicles (EVs) is among the set of incentives proposed to be incorporated in the implementing rules and regulations (IRR) of the new Electric Vehicles and Charging Stations Act. Energy Undersecretary Felix...
Beltran named first PTA president By CHINO S. LEYCO The Board of Trustees of the Philippine Tax Academy (PTA) has unanimously voted to elect Department of Finance (DOF) Chief Economist and retired Undersecretary Gil S. Beltran as the institution’s first president. Finance Secretary and PTA Board...
The Department of Finance (DOF) wants large foreign digital service providers (DSP) to remit to the Bureau of Internal Revenue (BIR) the value-added tax (VAT) in transactions that go through their platforms. Finance Director Euvimil Nina R. Asuncion said the DOF supports House Bill (HB) No. 7425...
To expedite the country’s economic recovery from a two-year Covid-19 pandemic, senatorial candidate Sorsogon Governor Francis “Chiz” Escudero said the government should consider giving micro, small and medium enterprises (MSMEs) more time to pay their taxes. Escudero, who is seeking a fresh...
Parañaque City's 1st District Rep. Eric Olivarez vowed that there will be no increase in business permit and real property tax in the next three years of his administration if he wins as mayor. Olivarez gave the assurance after local and foreign businessmen, as well as real property owners, asked...
Manila Mayor Isko Moreno might be having an “emotional meltdown” as he continues to attack Vice President Leni Robredo after realizing that his dream of becoming the country’s next president seems to be slipping away from him, former Senator Antonio Trillanes IV said on Sunday, April 24....
As the tax filing season ends, the Bureau of Internal Revenue (BIR) charged 14 Metro Manila corporations and four business owners with tax evasion worth more than P4 billion. BIR BIR Commissioner Caesar R. Dulay approved the filing of criminal complaints before the Department of Justice after the...
