The Department of the Interior and Local Government (DILG) said Friday, Jan. 28, that the local government units (LGUs) can now better implement poverty alleviation and development programs with their bigger tax allotment share. (DILG logo) This was stressed by the DILG as the Community-Based...
The Department of Finance (DOF) said the government will finalize within this month the Strategic Investment Priority Plan (SIPP) of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law. In a statement, Finance Secretary Carlos G. Dominguez III said on Wednesday, Jan. 12, that the...
Senator Nancy Binay on Tuesday urged local government units (LGUs) to extend the deadline for payment for real property tax and business permits to avoid influx of taxpayers amid the surge of COVID-19 cases in the country. Binay made the appeal after the Department of Health (DOH) reported 33,169...
Owners of former network giant ABS-CBN face a congressional inquiry in connection with the operations of its digital service firm Big Dipper, but that is if Deputy Speaker and Sagip Partylist Rep. Rodante Marcoleta succeeds in his Senate bid. Rep. Rodante Marcoleta Marcoleta played a major role in...
The Department of Finance (DOF) remains optimistic that Congress will pass this year the remaining tax reform packages that aim to reform the property valuation system and simplify capital market taxation. After the legislature was able to act on a slew of economic liberalization bills in 2021,...
The enactment of the law granting one percent preferential tax rate to private schools will bring the much needed assistance these institutions deserve as they continue to deliver quality education to Filipino learners, Senator Pia Cayetano said. Cayetano made the remark following reports of...
As oil companies move to implement a big time oil price hike starting this week, an opposition leader aired strong suspicion that government economic managers are blocking efforts in Congress to suspend excise tax on petroleum products for at least six months. Gasoline pump Deputy Minority Leader...
The Quezon City Council approved three ordinances that will provide tax relief to city-based businesses affected by the COVID-19 pandemic, the local government announced on Wednesday, Dec. 29. The three measures were introduced by Councilor Franz Pumaren, Councilor Jun Ferrer, Councilor Eric Medina...
The Marikina City local government passed on Tuesday, Dec. 28, an ordinance which exempts all local footwear and leather goods manufacturers in the city from paying tax as the country continues to grapple with the economic effects of the COVID-19 pandemic. In a set of photos posted on the city's...
The National Tax Research Center (NTRC) is further enhancing its existing online incentives application portal for investors to enable the government to better review and analyze the economic impact of investment perks. In a report to Finance Secretary Carlos Dominguez III, the NTRC said the online...
The camp of Ferdinand "Bongbong" Marcos Jr. on Wednesday, Dec. 22, insisted that the presidential aspirant, whose candidacy is being hounded by a tax-related case, indeed paid his tax deficiencies and fines. The Marcos campaign headquarters has presented in a press conference the certificate coming...
Pasay City Mayor Emi Calixto-Rubiano told businesses and real property owners in the city to avail of the tax amnesty that the city government is offering up to Dec. 29. Rubiano said the City Council passed and approved an ordinance granting amnesty in surcharges, penalties and interest incurred...
