Tag page - MCIT

Despite the inclement weather and most of House employees working from home, the House Committee on Ways and Means approved on Monday afternoon, Aug. 10 a bill raising the annual taxable income exemption ceiling to P350,000 from P250,000. On top of this, the panel, chaired by Marikina City 2nd...

Senator Mark Villar has filed a measure seeking to exempt micro, small and medium enterprises (MSMEs) from the Minimum Corporate Income Tax (MCIT) saying it is imperative to provide them much-needed tax relief as they serve as the key driver of the Philippine economy. Villar, in filing Senate Bill...

The top leaders of the House of Representatives have heeded President Marcos ' call on the legislature to provide tax relief for local businesses, as mentioned in his fifth State of the Nation Address (SONA). House Speaker Isabela 6th district Rep. Faustino "Bojie" Dy III and Majority Leader...