The Department of Energy (DOE) is seeking the temporary suspension of the imposition of excise tax on fuel as oil price continues to soar in the past several months. (MARK BALMORES / MANILA BULLETIN FILE PHOTO) DOE Secretary Alfonso Cusi said Wednesday, Oct. 20, that he wants it suspended during...
Senate Minority Leader Franklin Drilon on Wednesday said the government should ban Xuzhou Construction Machinery Group from doing business in the country over its non-payment of income and other taxes after bagging multi-billion contracts with the Department of Budget and Management’s Procurement...
The Commission on Audit (COA) has disallowed another set of tax credit certificates (TCCs) granted to several textile companies, the Department of Finance (DOF) said. In a report by the COA Special Audits Office to Finance Secretary Carlos G. Dominguez III, the commission said it has disallowed new...
Quezon City mayoralty aspirant and Anakalusugan Rep. Mike Defensor vowed on Friday, Oct. 15 to stop the increase in land taxes imposed by the city government on residential, commercial and industrial lots if elected mayor in the May 2022 elections. Rep. Michael Defensor2 Defensor, who chose...
The Department of Finance (DOF) said that China’s heightened crackdown on online gambling is the one forcing Philippine offshore gaming operations (POGO) to close shop, and not the government’s new tax measures. Finance Secretary Carlos G. Dominguez III said the exodus of Chinese-run online...
Paranaque Mayor Edwin Olivarez announced on Saturday that the city government is offering a 20-percent discount to early real property tax (RPT) payers. Olivarez said taxpayers who would settle their RPT earlier than the scheduled deadline would get a 20-percent discount. Olivarez said the discount...
HOTSPOT Tonyo Cruz If we’re short of funds for much needed vaccination and health care and to propel the pandemic-struck economy, then we should look no further than the suggestion of the think-tank Ibon and the Makabayan bloc in Congress: Tax the billionaires! Surely, the working people and...
The Senate has approved on third and final reading the measure that seeks to clarify that all private schools –both non-profit and for profit—are entitled to the one percent preferential tax rate under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law. Senator Pia Cayetano,...
The Senate approved on second reading Wednesday, September 22, the bill that would ensure that private schools will not be imposed with hefty taxes under the country's laws. (Rio Deluvio/MANILA BULLETIN File Photo) Members of the upper chamber quickly gave their nod to the passage of Senate Bill...
The House of Representatives on Tuesday, Sept. 21 approved on third and final reading a bill that will impose value added tax on all digital and electronic transactions for goods and services. Netflix logo With 167 affirmative and six negative votes, House Bill 7425 was approved on final reading....
Imposing higher tax on Filipino billionaires whose fortunes have reached more than one billion pesos may not be a good idea with Finance Secretary Carlos G. Dominguez III warning this will only result in capital flight out of the Philippines. Finance Secretary Carlos G. Dominguez Dominguez said as...
The House Special Committee on Senior Citizens on Tuesday, Sept. 21, approved in principle a bill that would grant senior citizens an exemption from income taxes. (Mark Balmores/MANILA BULLETIN File Photo) House Bill No. 8832, filed by Senior Citizens' Party List Representative Rodolfo Ordanes,...
