Senator Francis Tolentino has filed a bill seeking to exempt electricity and internet services from the 12 percent value-added tax (VAT). In filing Senate Bill 2970 on Thursday, Jan. 30, Tolentino noted that electricity costs in the Philippines are among the highest in the region – a...
Bureau of Internal Revenue (BIR) Commissioner Romeo Lumagui Jr. expressed openness to a proposed moratorium on the annual increase in excise taxes on tobacco products, provided that the agency's tax collection targets are revised accordingly. "One issue that we will be [facing] moving forward if...
The House of Representatives has approved on second reading a bill designed to rationalize excise tax rates on tobacco and vapor products, aiming to halt the decline in excise tax collections due to illicit trade. Nueva Ecija Rep. Mikaela Suansing Nueva Ecija Rep. Mikaela Suansing...
(MANILA BULLETIN) A green tax measure is being sought by Camarines Sur 2nd district Rep. LRay Villafuerte under House Bill (HB) No.2894, or the proposed Piso para sa Kalikasan (A Peso for Nature) Tax. Villafuerte says HB No.2894 represents the...
For "lack of jurisdiction," the Court of Tax Appeals (CTA) has dismissed the petition filed by Schaeffler Philippines, Inc. seeking a tax refund of P10.27 million from the Bureau of Internal Revenue (BIR). Schaeffler, a firm engaged in the manufacture of high-precision components and systems for...
The Binangonan municipal government, through a Sangguniang Bayan resolution, has extended the deadline for the payment of all local government-imposed taxes up to the office hours on March 28, 2025. In an announcement on its social media page, the Binangonan municipal government is giving taxpayers...
There are 9.5 million smokers from 2021 to 2023, according to Senator Sherwin Gatchalian, citing data from a survey conducted by the Food and Nutrition Research Institute (FNRI). Sen. Win Gatchalian resumes on Wednesday, January 22, 2025, the Committee on Ways and Means hearing on the rising...
The Court of Tax Appeals (CTA) has denied the petition that sought the return of US$491,600 in cash that was confiscated by the Bureau of Customs (BOC) at the Ninoy Aquino International Airport (NAIA) in 2019. “After a full review of the parties’ respective arguments and evidence, we rule to...
Senator Sherwin Gatchalian has expressed concern over the widespread smuggling and illicit trade of excisable products, including cigarettes and vapes, warning this could lead to peace and order issues. Aside from this, Gatchalian also said such activities erode the country’s revenue...
House of Representatives (Ellson Quismorio/ MANILA BULLETIN) Power grid operator National Grid Corporation of the Philippines (NGCP) has been religiously paying its three percent franchise tax as mandated by law. This was...
The Court of Tax Appeals (CTA) has denied the petition of the estate of slain businessman Henry T. Lao for the refund of P350 million in alleged illegally collected income tax and value-added tax (VAT) for taxable year 2015. The denial was contained in a decision promulgated last Dec. 19 based on...
FOR THURSDAY Now is the time to raise so-called "sin" taxes slapped on tobacco, alcoholic and sugary drinks as these industries' global sales recovered quickly post-pandemic, according to the Washington-based Center for Global Development (CGD). "The generally harmful impact of the pandemic...
