Tag page - tax exemptions

The proposed Capital Market Efficiency Promotion Act (CMEPA) being pushed by the Legislative-Executive Development Advisory Council (LEDAC) has removed the planned reimposition of excise tax on pick-up trucks such that the bill, if passed into law, would result in foregone revenues for the...

The Court of Tax Appeals (CTA) has denied the petition of Bohol Light Company, Inc. (BLCI) to reverse a regional trial court (RTC) ruling that the firm has "no clear and categorical exemption from other local taxes." Assailed by the BLCI was the March 31, 2016 decision issued by the Tagbilaran...

Albay 2nd district Rep. Joey Salceda has practically guaranteed the approval of the tax provisions of House Bill (HB) No.6398 or the proposed Maharlika Investment Fund (MIF), also known as the Maharlika Wealth Fund (MWF). Albay 2nd district Rep. Joey Salceda Salceda chairs the House Committee on...

Senator Pia Cayetano is pushing for the exemption of ​medical equipment from all kinds of taxes, saying that the government should treat healthcare with utmost importance. While she understands that the Department of Finance (DOF) is against tax exemptions, it should be a different case for...