The Department of Energy (DOE) is batting for comprehensive review of the taxes being levied on petroleum products as well as those for electricity generation – with the end goal of scrapping taxes that are being imposed on other taxes. Energy Secretary Raphael P.M. Lotilla primarily indicated...
The Senate has ratified the bicameral conference committee report on the disagreeing provisions of Senate Bill No. 2224 and House Bill No. 4125 or the proposed Ease of Paying Taxes Act. The bill primarily seeks to amend provisions of the National Internal Revenue Code of 1997 to simplify the...
The government plans to impose new and revised taxes to generate nearly P500 billion over the next three years, data from the Department of Finance (DOF) showed. Based on the DOF list of revenue measures submitted to Congress, the government has proposed eight tax initiatives that, once approved,...
Senator Sherwin Gatchalian said the government should address illicit trade in order to generate higher revenue collection and provide some relief for its limited fiscal space. Gatchalian made the appeal during the recent Development Budget Coordination Committee (DBCC) briefing in the...
Totally banning the operations of Philippine Offshore Gaming Operators (POGOs) in the country may result to an increase in taxes. Sen. Francis “Chiz” Escudero pointed this out saying he inevitably expects the government to look for ways to offset the revenues that POGO companies bring in...
Albay 2nd District Rep. Joey Salceda (left) and President Ferdinand Marcos Jr. (Rep. Salceda's office, Facebook) House Committee on Ways and Means Chairman Rep. Joey Salceda is asking Malacañang to certify the proposed Ease of Paying Taxes (EOPT) Act as an urgent measure. Salceda, Albay's 2nd...
Senator Sherwin Gatchalian on Tuesday, July 25 urged Congress to fast track approval of the bill that seeks to boost taxpayer compliance by making it easier for Filipinos to pay their taxes. Sen. Sherwin Gatchalian...
The Philippine Chamber of Commerce and Industry (PCCI), the voice of Philippine business, appealed to the government to extend the implementation of the tax cut until the end of the year as businesses have yet to take advantage of it and fully recover from the onslaught of COVID-19 pandemic. In a...
Senator Sherwin Gatchalian has filed a bill seeking to simplify and extend the government’s estate tax amnesty program for two more years in response to the clamor of taxpayers to avail of a tax reprieve. Gatchalian, chairman of the Senate Committee on Ways and Means, filed Senate Bill No. 2197...
The government shouldn't hold back from spending its resources for the clean-up of the Oriental Mindoro oil spill as well as the indemnification of affected coastal residents. Thus, said House Deputy Speaker and Batangas 6th district Rep. Ralph Recto as he placed a spotlight on the government’s...
Senator Sherwin Gatchalian is seeking administrative tax reforms to make it easier for heirs to file and pay for their estate taxes. This is one of the provisions of Senate Bill (SB) No.1346, or the Ease of Paying Tax Act, which introduces reforms by amending certain provisions of the National...
