Acknowledging the need to stock up more medical oxygen supplies in hospitals, President Duterte said he will talk to Congress about giving tax relief to manufacturers. President Rodrigo Duterte delivers his regular address to the nation on August 9, 2021. (Malacañang) During his prerecorded public...
The Court of Tax Appeals (CTA) has cancelled the P3-million belated deficiency tax assessment slapped by the Bureau of Internal Revenue (BIR) againts a car parking company. (Photo from PNA) In an 18-page resolution, the court's third division stated that the BIR's final assessment notice (FAN) and...
To avert the collapse of many learning institutions in the face of a looming substantial increase in taxes, the country’s largest associations of private schools on Monday, Aug. 9, called for a “timely” intervention coming from the Senate. (Photo from Unsplash) Private school groups, led by...
The House Committee on Ways and Means has approved the substitute measure seeking to exempt from all taxes the rewards and donations given to Olympic gold medalists Hidilyn Diaz and other national athletes and their coaches which they obtained during international sports competitions. House Bill...
Senator Pia Cayetano is seeking the grant of tax exemptions on the rewards and donations to be given to Olympic medalists and their coaches. Senator Pia Cayetano sponsors on July 27, 2021 a resolution commending weightlifter Hidilyn Diaz, Philippines' first Olympic gold medalist. (Office of Senator...
The Fiscal Incentives Review Board (FIRB) has approved the grant of tax incentives for a mass housing project and two cement manufacturing plants all located outside Metro Manila. Chaired by Finance Secretary Carlos G. Dominguez III, the FIRB during its third meeting last August 2 approved the tax...
Senator Pia Cayetano on Tuesday, August 3 vowed to expedite the passage of the bill that seeks to clarify the controversy regarding the preferential tax rates of private schools. Cayetano, who chairs the Senate Ways and Means Committee, said she is now waiting for the transmittal of the House of...
The House Ways and Means Committee on Monday, August 2, approved the draft measure that aims to define the tax rates for propriety educational institutions (PEIs) and allow them to avail of preferential rates on taxable income. House of Representatives4 House ways and means chairperson and Albay...
The Court of Tax Appeals (CTA) has nullified the almost P4-million deficiency tax assessment of the Bureau of Internal Revenue (BIR) against a supplier of industrial equipment after the agency failed to follow the correct audit procedure. (Photo from PNA) The court's third division stated that the...
The Court of Tax Appeals (CTA) has rejected the P4.4-million tax refund petition of Philippine Airlines (PAL) for the importation of cigarettes and liquor for its in-flight and commissary supplies. (Photo from Philippine Airlines Facebook page) PAL paid the amount in 2012 and 2013, but did so under...
The Anti-Red Tape Authority (ARTA) said it will ensure the speedy processing for the turnover of the different rewards promised to Filipino Olympic Gold medalist Hidilyn Diaz. Hidilyn Diaz (AFP) ARTA Director-General Jeremiah Belgica made the statement following reports of many businesses pledging...
Quezon City 2nd District Rep. Precious Hipolito Castelo believes a sports hero like Hidilyn Diaz who has given Filipinos a reason to celebrate in the face of natural and public health devastations should be allowed to fully enjoy the fruits of their labor. Hidilyn Diaz To do this, Castelo has filed...
