The House of Representatives has provided another way for Filipinos to earn millions of pesos even without winning a gold medal in Olympic Games. House of Representatives plenary On Monday, August, 23, the legislative chamber gave its unanimous nod to the final reading approval of a bill that will...
The national government’s budget deficit narrowed in July this year due to slower public spending and higher revenue haul, the Bureau of the Treasury reported. The Duterte administration trimmed the government’s fiscal gap last month by 13.6 percent to P121.2 billion from P140.2 billion in July...
With a sharp drop in enrollment practically conspiring with the imposition of higher taxes by the Bureau of Internal Revenue, the country’s private schools are turning to Congress for help in the swift adoption of legislative policy intervention. COCOPEA LOGO In a statement issued after the House...
The House of Representatives on Monday, August 23 passed on third and final reading the bill that proposes to define tax rates for proprietary schools in order to allow them to avail of the 10-percent preferential rate on taxable income. STUDENTS With all 203 members present voting in the...
The Commission on Audit (COA) has disallowed in audit some P318.572 million representing tax refunds that were issued despite alleged violations of the complete documentary requirements and “mandatory and jurisdictional conditions” in its grant by the Bureau of Internal Revenue (BIR) . Bureau...
The Bureau of Internal Revenue (BIR) would dig deep into the world of marketing to unearth social media influencers who are earning huge income without paying taxes, the Department of Finance (DOF) said. BIR LOGO Finance Undersecretary Antonette C. Tionko said Tuesday, August 17, that the issuance...
The Bureau of Internal Revenue (BIR) has filed several complaints against suspected tax evaders before the Department of Justice (DOJ) involving billions of pesos in estimated tax liabilities in the first half of the year. BIR In a report submitted to the Department of Finance (DOF), BIR Deputy...
The Department of the Interior and Local Government (DILG) is now preparing the local government units (LGUs) for the full devolution of basic services and facilities with the kick-off of a series of orientations and workshops. This is in preparation for the implementation of the Supreme Court (SC)...
Swift passage by the House of Representatives of the bill that grants proprietary educational institutions lower tax rate of 10 percent has won the applause of private school owners and alliances. House of Representatives The Lower House passed House Bill 9913 on second reading and is expected to...
President Duterte’s chief economic manager said the country’s recovery efforts from pandemic has no room for the Bureau of Internal Revenue (BIR), the government’s main tax agency, to fail in raising much-needed revenues. After the bureau addressed the tax issues involving the prizes given to...
The Bureau of Customs (BOC) has surpassed its revenue collection goal for July 2021 by over P4.4 billion after posting an actual collection of P58.183 billion, the agency said Monday, August 2. (Photo from BOC Port of NAIA Facebook page) The bureau collected an excess of P4.432 billion, which is...
Deputy Speaker and 1Pacman Partylist Rep. Michael “Mikee” Romero called on government to grant Tokyo Olympics gold medalist Hidilyn Diaz tax free privilege for the more than P50 million in cash and incentives she is expected to receive for her rare feat....
