With 258 congressmen voting "yes", the House approved on third and final reading Monday afternoon, Nov. 14 the fourth package of the government’s Comprehensive Tax Reform Program (CTRP). (PPAB) Formerly known as the Passive Income and Financial Intermediary Taxation Act (PIFITA), the fourth...
The House of Representatives has overwhelmingly approved on third and final reading House Bill (HB) No.4122, which aims to impose a 12 percent value-added tax (VAT) on foreign digital service providers (DSP), such as Netflix and Spotify. (Ellson Quismorio/ MANILA BULLETIN) The measure's passage...
The House of Representatives on Monday afternoon, Nov. 14 approved on third and final reading a bill seeking to impose a P100 excise tax on single-use plastic bags, which have long been said to be a major cause of environmental pollution. (Unsplash) Also known as House Bill (HB) No.4102, the...
The Bureau of Internal Revenue (BIR) has started sending notices to online sellers of goods and services to register. Revenue district officers (RDOs) nationwide are spearheading the information campaign as many of these taxpayers have not complied, or simply ignored requests to register. Metro...
President Ferdinand "Bongbong" Marcos Jr. has asked the House Committee on Ways and Means chairman to study the possibility of removing the 12 percent value-added tax (VAT) component of public utilities, especially electricity. Albay 2nd district Rep. Joey Salceda This was revealed by the committee...
The Court of Tax Appeals (CTA) has affirmed the authority of the commissioner of Bureau of Internal Revenue (BR) and duly-authorized representatives to issue letter of authority (LA) to examine the financial statements of taxpayers. The court's Special Second Division dismissed the separate...
House Ways and Means chairman and Albay 2nd district Rep. Joey Salceda says that there is about P180 billion in non-tax options available to President Ferdinand “Bongbong” Marcos Jr. and his administration to counter inflation. Albay Rep. Joey Salceda (Photo from Salceda’s Facebook page)...
The Bureau of Internal Revenue (BIR) has filed a tax evasion case against a Cavite general merchandising store over allegedly unpaid tax debts amounting to P18 million. (File photo) In a formal criminal complaint submitted to the Department of Justice, BIR Deputy Commissioner for Legal Group...
Makabayan bloc solons have pitched different ways for government to generate revenue even as they thumbed down the proposed tax on “ukay-ukay” or second-hand clothes. 'Ukay-ukay' clothes This, after House Ways and Means Chairman and Albay 2nd district Rep. Joey Salceda said that his committee...
Senator Pia Cayetano is pushing for the exemption of medical equipment from all kinds of taxes, saying that the government should treat healthcare with utmost importance. While she understands that the Department of Finance (DOF) is against tax exemptions, it should be a different case for...
The Bureau of Internal Revenue (BIR) is setting its sights on seven major business sectors that registered negative growth in collections following the government’s main tax agency’s weak performance in the first semester. During a Senate hearing on Tuesday, Aug. 16, BIR Commissioner Lilia C....
House Ways and Means Committee Chairman Albay 2nd district Rep. Joey Sarte Salceda is confident that, by year end, the government will have hit its economic growth targets. This, despite the fact that the Philippine economy slowed down to 7.4 percent in the second quarter of 2022. Albay 2nd...
