The Bureau of Customs (BOC) disclosed on Wednesday, November 12, the number of ways how erring customs personnel would connive with importers to defraud the government especially on the sale of luxury cars. BOC Commissioner Ariel Nepomuceno revealed this “elaborate method of cheating the...
SAN FABIAN—The head of a tobacco farmers group has called for the appointment of a tobacco czar who will strictly administer the implementation of the law to prevent the rampant tobacco smuggling activities in the country. Saturnino Distor, president of Philippine Tobacco Growers...
Senator Sherwin Gatchalian has sought an investigation into the tax leakages supposedly due to the proliferation and unscrupulous use of bogus person with disability (PWD) identification cards. Gatchalian, in filing Senate Resolution No. 1239, said he has received reports of individuals...
The Senate has approved on third and final reading Senate Bill No. 2386 or the proposed Real Property Valuation and Assessment Reform Act (RPVARA). With 23 affirmative votes, zero negative votes and zero abstentions, SB 2386 was approved by the Senate during its plenary session on Monday,...
Sen. Francis Tolentino underscored on Monday, Feb. 12 how the crafting of Implementing Rules and Regulation (IRR) issued by administrative agencies has modified the intentions of laws enacted in Congress. During the deliberation of the proposed Passive Income and Financial Intermediary Taxation Act...
Philippine Charity Sweepstakes Office (PCSO) General Manager Melquiades Robles confirmed on Thursday, January 18 that the viral photo of the bettor from San Jose Del Monte, Bulacan who bagged the P43-million Lotto 6/42 jackpot was indeed edited. (Photo from PCSO Facebook page) The photo of the...
Congress is not likely to push for the proposed junk food tax nor an increase in the tax imposed on sugary drinks due to the difficulty in enforcement as well as their mixed impact on health and nutrition. “Junk food tax—I don’t find a way of implementing,” said House Ways and Means...
The Senate Committee on Ways and Means has released its committee report that recommends the permanent banning of Philippine Offshore Gaming Operators (POGOs) in the country. Sen. Sherwin Gatchalian formally filed Committee Report No. 136 containing such recommendation on Wednesday,...
The government stands to earn additional revenues of about P6.15-billion from the Estate Tax Amnesty bill that has already lapsed into law without the signature of President Ferdinand “Bongbong” Marcos Jr. Sen. Sherwin Gatchalian, chairman of the Senate Committee on Ways and Means,...
Senators on Friday, May 19 urged the Bureau of Internal Revenue (BIR) to clarify if the various bills seeking to extend the availment of estate tax amnesty will benefit the family of President Ferdinand “Bongbong” Marcos Jr. From left to right: Vincent Marcos, Simon Marcos, Iloilo 1st...
Senator Sherwin Gatchalian has filed a bill seeking to simplify and extend the government’s estate tax amnesty program for two more years in response to the clamor of taxpayers to avail of a tax reprieve. Gatchalian, chairman of the Senate Committee on Ways and Means, filed Senate Bill No. 2197...
(MANILA BULLETIN) The House Committee on Ways and Means approved on Tuesday, May 9 a bill criminalizing tax racketeering. Albay 2nd district Rep. Joey Salceda sponsored House Bill (HB) No.7653 during Tuesday's committee proceedings. Salceda chairs the panel. Salceda’s proposal defines tax...
