Manila Mayor Francisco "Isko Moreno" Domagoso urged business and property owners in the city to avail themselves of its General Tax Amnesty and huge Real Property Tax (RPT) discounts for early payers as part of the city 's expanded efforts to help taxpayers keep up with their dues while...
The Rotary Clubs of Makati Paseo de Roxas and Metro Iloilo recently hosted a tax awareness seminar for 165 business and accountancy students of the University of Iloilo. The tax seminar aims to prepare them for their critical role as future accounting and auditing professionals in the private and...
President Marcos unveiled a series of domestic reforms aimed at curbing corruption, improving fiscal fairness, and easing the cost of living — measures he said are necessary to strengthen the Philippines’ credibility as it prepares to assume the Association of Southeast Asian Nations (ASEAN)...
DAVAO CITY – Davao City Representatives Paolo Duterte and his son Omar Vincent Duterte have filed House Bill No. 5645 – Value-Added Tax Social Transfer for Indigent Citizens Act of 2025 – to ease the economic burden on the country’s poorest families. According to the Dutertes, HB No. 5645...
ILOILO CITY – The Iloilo provincial government has postponed the real property tax (RPT) tax increase scheduled for next year. The Iloilo Provincial Board approved Provincial Ordinance No. 2025-342 on third and final reading on Tuesday, Oct. 21, sponsored by second district Provincial Board...
The city government of Pasay is offering tax amnesty for delinquent real property taxpayers without penalties, surcharges, or interest. Pasay City Mayor Emi Calixto-Rubiano said the city government is giving delinquent real property taxpayers until July 5, 2026 to settle their obligations. Rubiano...
President Marcos’ chief economic manager stated that reducing the current 12-percent value-added tax (VAT) rate could weaken the government’s ability to fund operating expenses, such as personnel wages, as it would result in lower tax collections. Finance Secretary Ralph G. Recto said in an...
The proposal to grant a one-month income tax holiday for workers must undergo a thorough review to determine whether it is doable or not, Special Assistant to the President for Investment and Economic Affairs Secretary Frederick Go said. Go said the proposal is "very new," so it should be...
The City of Manila has successfully collected P160 million in unpaid taxes from contractors involved in various flood control projects, with the funds now being redirected to support key education and social programs, Manila Mayor Francisco "Isko Moreno" Domagoso announced. The announcement was...
Reducing the value-added tax (VAT) to 10 percent from the current 12 percent would erode the government’s fiscal consolidation, with total revenues expected to decline by an average of ₱330 billion annually, or one percent of the country’s economic output. “From our estimates, the reduction...
Compliance is high among foreign digital giants, as the Bureau of Internal Revenue (BIR) reported strong initial collections from the value-added tax (VAT) on digital services. Total tax haul from the imposition of the 12-percent consumption levy on digital services in June has reached ₱2.8...
ILOILO CITY — The Iloilo City government extended the 60-percent real property tax rate until 2028 amid a warning that a 300-percent RPT hike will destroy the economy and a Supreme Court (SC) petition. The Iloilo City Council approved an ordinance on Wednesday, Sept. 24, extending the 40-percent...
