If you love your potato chips then pay close attention to congressmen starting next month. (Unsplash) The House Committee on Ways and Means chaired by Albay 2nd district Rep. Joey Salceda will start deliberations on proposed junk food taxes this 2023. “We will begin briefings on junk food taxes,...
Are alcomixes your preferred drink? Then brace for possible higher prices for the beverage. (Unsplash) House Committee on Ways and Means chairman, Albay 2nd district Rep. Joey Salceda said Friday, Dec. 30 that his panel would look into "discussing taxation" on the commodity come 2023. "We will...
Albay 2nd district Rep. Joey Salceda has expressed confidence that the proposed Ease of Paying Taxes (EOPT) Act will become a law in 2023, in the current 19th Congress. (Recha Oktaviani/ Unsplash) This, as the House Committee on Ways and Means chairman noted the steady movement of the measure among...
Timing is everything, even when it comes to legislation. Albay 2nd district Rep. Joey Salceda Economist-solon Joey Sarte Salceda used the occasion of the 77th Annual National Convention of the Philippine Institute of Certified Public Accountants (PICPA) in Cebu City to explain why the proposed Ease...
House Speaker Martin Romualdez made an important promise to the business community Tuesday, Nov. 22 during his speech at the 2022 Asia CEO Forum at Marriott Hotel in Pasay City. House Speaker Martin Romualdez addresses the 2022 Asia CEO Forum in Pasay City on Nov. 22, 2022 (Speaker's office) In...
The Court of Tax Appeals (CTA) has instructed Smart Communication to present to the Makati City government its income earned nationwide to determine the correctness of the latter's presumptive franchise tax deficiency assessment of more than P3 billion. Court of Tax Appeals / Facebook The Court en...
The Bureau of Internal Revenue (BIR) was commended anew by Malacanang for swiftly solving all 176 citizen complaints and queries that the latter referred to it back in June. BIR Commissioner Lilia C. Guillermo (File photo) It was the second citation received by the bureau from the Office of the...
The Bureau of Internal Revenue (BIR) will extensively use the so-called net worth method of investigation to unearth the untaxed wealth of individual taxpayers once the ban on audit is lifted. Money/File (Manila Bulletin article) According to BIR, this was disclosed by some Metro Manila revenue...
Homeowners in Metro Manila and elsewhere are worried over the government's plan to adjust upward the outmoded value of real properties to increase the tax take of local government units (LGU). President Ferdinand 'Bongbong' Marcos Jr. (Photo by Noel Pabalate / MANILA BULLETIN) They expressed their...
Senator Francis ‘’Chiz’’ Escudero said today, July 11, the Marcos administration should act on uncollected P200 billion which is far more than any projected revenue of the new taxes it is mulling. ‘’I think the first order of business for the new Finance Secretary is to plug loopholes,...
CAGAYAN DE ORO CITY – Newly elected Mayor Rolando Uy presented at his inauguration at Amphitheater Park here Sunday, June 26, his primary plan to help different sectors in the city recover from the pandemic. Uy said he will start his plan after the first session day of the new city council to...
House Deputy Speaker and Davao City 3rd district Rep. Isidro Ungab has backed President-elect Ferdinand "Bongbong" Marcos Jr.'s preference to give subsidies to the beleaguered transport sector instead of doing away with excise taxes on fuel amid skyrocketing petroleum prices. (File photo/ Ali...
