The work-from-home (WFH) model is on track to become a permanent component of the Philippine business landscape as the CREATE MORE bill—officially known as the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy—nears its final...
The Court of Tax Appeals (CTA) has denied the petition of Deutsche Knowledge Services Pte., Ltd. which sought an additional refund or tax credit for P8.2 million for the second quarter of taxable year 2019. Deutsche Knowledge is the Philippine branch of a multinational company organized and...
CEBU CITY – The provincial government of Bohol has recommended the creation of a task force to further improve its revenue collection effort. BOHOL Gov. Aris Aumentado (center) and Provincial Administrator Aster Caberte (left) meet officials of the Bureau of Internal Revenue (BIR)-Bohol to...
Bicol Saro Party-list Rep. Brian Yamsuan (Facebook) Bicol Saro Party-list Rep. Brian Raymund Yamsuan has called on his colleagues in Congress to swiftly approve the measure seeking to mandate local government units (LGUs) to allot a portion of their...
The Department of Finance (DOF) announced that the government's two main tax agencies have already achieved over half of their full-year collection target in just the first seven months of the year, primarily fueled by digitalization efforts. Tax revenues from the Bureau of Internal Revenue (BIR)...
The Court of Tax Appeals (CTA) has denied the petition of five cement trading companies against the safeguard duties imposed by the government in 2019 on cement importations. In 2018, the Department of Trade (DTI) conducted a probe on the increased importations of cement. The investigation...
From left to right: Tingog Party-list Rep. Yedda Marie Romualdez, House Speaker Martin Romualdez, Olympic gymnast Carlos Yulo. (Speaker’s office) The House of Representatives approved on second reading on Wednesday, Aug. 14 the bill that sought tax...
Department of Finance (DOF) Secretary Ralph G. Recto said the government will work on collecting tax revenues to match the economic growth relative to the country's gross domestic product (GDP). During a Senate committee hearing, Recto said that the two main tax agencies should work hard to boost...
For lack of jurisdiction, the Court of Tax Appeals (CTA) has dismissed the petition filed by Manulife Data Services, Inc. which sought from the Bureau of Internal Revenue (BIR) P127.4 million tax refund for its alleged excess and unutilized value added tax (VAT) in 2019. Manulife filed its...
President Marcos has granted travel tax exemption to all travelers departing from all international airports and seaports in Mindanao and Palawan to any destination in the BIMP-EAGA (Brunei Darussalam-Indonesia-Malaysia-Philippines-East ASEAN Growth Area). File photos Memorandum Order (MO) No. 29,...
Camarines Sur 2nd district Rep. LRay Villafuerte (PPAB) Camarines Sur 2nd district Rep. LRay Villafuerte is batting for swift plenary action from the House of Representatives on a proposed measure exempting from taxes all rewards and donations awarded to...
The Department of Finance (DOF) is projecting an uptick in revenues from "sin" products next year, driven by increased collections from alcoholic beverages. Data from the DOF showed that excise tax collections from tobacco and alcohol are estimated to reach P278.97 billion in 2025, an eight percent...
