The sheer volume of smuggled and misdeclared fruits flooding the country’s wet markets has reached alarming proportions, Albay 2nd District Rep. Joey Sarte Salceda has stated. Rep. Joey Sarte Salceda2 Salceda, chairman of the House Committee on Ways and Made, expressed dismay over the unabated...
Many families will go bankrupt if Congress will continue to ignore warnings aired by various groups against the grant of legislative franchises to firms operating e-sabong betting in the country. Former Speaker Alan Peter Cayetano Former House Speaker and Taguig-Pateros Rep. Alan Peter Cayetano...
The House Committee on Ways and Means approved Thursday, Nov. 11 the proposal to reduce or suspend excise taxes on petroleum products but not on premium gasoline with highest octane mix. Gasoline up The House panel chaired by Albay 2nd District Rep. Joey Sarte Salceda approved a substitute bill...
San Miguel Chief Executive Officer Ramon S. Ang on Monday, Nov. 8 said he is willing to sell back to government the Petron Corporation on easy terms that include a five-year installment payment. Ramon S. Ang Ang made the offer during the briefing on legislative measures proposing the suspension of...
The Senate has approved on third and final reading the measure that seeks to clarify that all private schools –both non-profit and for profit—are entitled to the one percent preferential tax rate under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law. Senator Pia Cayetano,...
Senator Pia Cayetano on Sunday, Sept. 26 said the newly-signed law taxing Philippine Offshore Gaming Operations (POGOs) or Republic Act No. 11590 is a “major win” for the country as it will help generate billions of pesos in additional funds for public services but without burdening Filipino...
The House Committee on Ways and Means has approved the draft substitute bill seeking to establish the National Center for Geriatric Health and Research Institution (NCGHRI). During a virtual hearing on Monday, August 16, House ways and means committee chair, Albay Representative Joey Salceda...
The Department of Science and Technology-Philippine Nuclear Research Institute (DOST-PNRI) has welcomed the House Committee on Ways and Means’ approval of a substitute bill seeking the creation of the Philippine Atomic Regulatory Commission (PARC). (Photo from DOST-PNRI) The DOST-PNRI thanked the...
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 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...
sugal Its final, the House of Representatives will adopt the Senate version of the Philippine Offshore Gaming Operations (POGO) tax bill as congressmen underscored the need to immediately raise P13.4 billion from POGO operators to further boost government’s financial capability in fighting the...
