President Marcos has authorized the reduction and condonation of real property taxes and penalties on power generation facilities of Independent Power Producers (IPPs) under build-operate-transfer contracts with Government-Owned-or-Controlled Corporations (GOCCs). (Noel Pabalate/MANILA BULLETIN)...
The Court of Tax Appeals (CTA) has denied the petition of Organisational Support Services, Inc. seeking a tax refund of P1.78 million from the Bureau of Internal Revenue (BIR). Organisational Support filed with the BIR an application for tax credits/refund on Dec. 9, 2020. It claimed its...
The country’s leading business executives are opposing the government’s “continued reliance” on tax increases while state spending continues to be excessive, pointing out its severe impact on the financial well-being of Filipinos. The Management Association of the Philippines (MAP), which...
The Court of Tax Appeals (CTA) has denied the petition of Avaloq Philippines Operating Headquarters which sought from the Bureau of Internal Revenue (BIR) a tax refund of P3 million for its zero-rated sales for the 3rd and 4th quarters of 2017. Avaloq Philippines is engaged in the sourcing...
House of Representatives (Ellson Quismorio/ MANILA BULLETIN) The House of Representatives has overwhelmingly passed on third and final reading a measure that would temper the rate of annual excise tax increases on tobacco products....
President Marcos has issued a stern warning to those who continue to exploit the country's tax system that they will be held accountable. President Ferdinand 'Bongbong' Marcos Jr. graces the 2025 National Tax Campaign Kick-Off on Feb. 4, 2025. (Betheena Unite/MANILA BULLETIN) "I have said...
House Speaker Martin Romualdez (Ellson Quismorio/ MANILA BULLETIN) House Speaker Martin Romualdez has led the filing of a measure that seeks to scrap excise tax on fuel products. Read in plenary on Monday night, Feb 3 was House Bill (HB)...
(Unsplash) On the strength of 177 affirmative votes, the House of Representatives approved on third and final reading the measure strengthening the administration of excise tax on tobacco products. House Bill (HB) No.11286, which covers...
The Senate has approved on third and final reading the measure prohibiting the export of raw minerals in a bid to develop local industries, create higher-value goods, and generate more jobs in the country. Senate Bill No. 2826, if signed into law, will take effect after five years,...
Senator Sherwin Gatchalian called out online shopping platforms, including Shopee, Lazada, Tiktok Shop, Facebook Market, and Instagram, for allowing the sale of illicit tobacco and vapor products. At a recent Senate hearing, Gatchalian lamented that these online shopping applications have...
Three industrial corporations and their corporate officers have been charged with tax evasion before the Court of Tax Appeals (CTA), the Department of Justice (DOJ) said on Monday, Feb. 3. In a statement, Justice Secretary Jesus Crispin C. Remulla identified those charged as Total Metal Corporation...
The Court of Tax Appeals (CTA) has denied the petition of Philippine Airlines, Inc. (PAL) which sought a refund of more than P20 milion it paid under protest in 2019 for excise taxes on imported liquor and tobacco products. In a decision promulgated last Jan. 24, the CTA as a full court rules that...
