Aside from getting 20 percent discount on Real Property Tax (RPT), early payers paying the minimum amount of P5,000 also have the chance to win P10,000 in a raffle promo. The office of Mayor Andrea Bautista Ynares said payers of RPT from December 1 to 31 with P5,000 or above get not just 20 percent...
The Department of Finance (DOF) ranked Paranaque City as the fifth richest city in the country as it earned P6.3 billion in local revenue generation in 2020. Based on the report of DOF’s Bureau of Local Government Finance (BLGF), Paranaque City was one of the top 10 performing provinces, cities...
Various local governance experts cited different problems that are prevalent and some that may arise from two policies that will come into effect in 2022 which will likely prevent a complete devolution or transfer of powers to the local governments. (FILE PHOTO) Starting in 2022, the Supreme...
All private schools in Antipolo City are again exempted from paying taxes related to the renewal of their business permits with the city government. Mayor Andrea Bautista Ynares announced on Facebook that the local government is once again waving the fees, taxes, and charges on business permit...
The Antipolo City local government announced on Monday, Nov. 22, that it will give discounts to residents who are going to pay in advance their Real Property Tax (RPT) for 2022 in its bid to further help them amid the COVID-19 pandemic. According to the local government unit (LGU), those who will...
The Department of Finance (DOF) bucked the proposal seeking to impose a “super-rich” tax on Filipino billionaires as its negative impacts outweigh any potential revenue gains for the government. In a letter to House Speaker Lord Allan Jay Velasco, Finance Secretary Carlos G. Dominguez III said...
The Department of Finance (DOF) has warned that the proposed suspension of the excise taxes on fuel will be inequitable and lead to significant revenue losses, thus threatening the country’s recovery and growth prospects. Amid calls for the government to address the recent spiral in fuel prices,...
The House Committee on Ways and Means approved Thursday, Nov. 11 the proposal to reduce or suspend excise taxes on petroleum products but not on premium gasoline with highest octane mix. Gasoline up The House panel chaired by Albay 2nd District Rep. Joey Sarte Salceda approved a substitute bill...
Read his lips. Officials of the beleaguered Pharmally Pharmaceutical Corporation should pay the proper taxes or else go to prison for tax evasion, President Duterte said on Tuesday, Nov. 9. President Rodrigo Duterte speaks during his “Talk to the People” public briefing on November 9, 2021....
Taking a hint from San Miguel Corporation president and chief executive officer Ramon S. Ang, senior members of the Lower House want to launcg an inquiry into reported massive smuggling of fuel into the country. Appearing before the House Committee on Ways and Means on Monday, Ang noted that...
The House Committee on Ways and Means is leaning towards the approval of a bill that would suspend for six months the excise taxes on diesel and kerosene and reduce similar imposition on gasoline. Gasoline pump picture In an initial discussion of six legislative measures containing various...
The Fiscal Incentives Review Board (FIRB) has approved the grant of tax incentives for the builder of the Makati City Subway, the Department of Finance (DOF) announced. In a statement released by the DOF on Monday, Nov. 8, it said that the FIRB took into consideration the projected increase in...
