Finance Secretary Benjamin E. Diokno has committed to pursue the passage of the remaining tax reform packages that were left behind by the Duterte administration involving real property valuation and financial taxation. Once in the 19th Congress opens, Diokno said the Marcos administration would...
Senator Sonny Angara said the middle class will experience some relief next year through income tax deduction. “Yes. Next year there would be tax relief. Under the TRAIN law, there would be another income tax reduction,” Angara said during an interview at the sidelines of the 20th...
Senator Grace Poe has refiled her bill seeking to provide for the automatic suspension of excise tax on gasoline and diesel. The suspension will take effect when the average Dubai crude oil price based on the Mean of Platts Singapore (MOPs) exceeds $80 per barrel over a three-month period. Earlier,...
(Photo from Pixabay) The Sin Tax Coalition group urged President Ferdinand "Bongbong" Marcos Jr. to veto the vape bill. In a statement, the group said that by vetoing Senate Bill 2239 or the proposed Vaporized Nicotine Products Regulation Act will help "prevent more young non-smokers from being...
Senator Aquilino Pimentel III on Wednesday, June 22 said the media should keep pressuring incoming Bureau of Internal Revenue (BIR) Commissioner Lilia Guillermo on the unsettled Marcos estate tax case. ‘’But in the meantime give her some time to act. Let us first wait for her to assume her...
The Department of Finance (DOF) maintained that the government should continue the more targeted approach of fuel subsidy as it warns against bowing to pressure to suspend excise taxes on petroleum. As the incoming Marcos administration is coming under pressure from several parties to implement a...
The Department of Finance (DOF) has clarified that there is no double taxation in the imposition of value-added tax (VAT) in the electric power sector. Reacting to recent statements made by the Energy Regulatory Commission (ERC), Finance Secretary Carlos G. Dominguez III explained that the Electric...
The Pasay City government has extended the deadline for real property tax payment until June 30. City Treasurer Emil Tecson said tax amnesty for delinquent tax payers was extended up to June 30 based on a city ordinance approved on March 3, 2022. Tecson said the city government will conduct in...
From left to right: Mr. Cristeto Ocampo, TIEZA’s Travel Tax Department Manager, Mr. Mark Lapid, TIEZA’s Chief Operating Officer, Ms. Ann Margaret Saldaña, MyEG Philippines Chief Executive Officer, and Ms. Israelita Choa, MyEG Philippines Accounts and E-Gov Operations Manager Tourism...
The Fiscal Incentives Review Board (FIRB) welcomed the decision of Concentrix, a major business process outsourcing (BPO) firm, to give up its tax perks in exchange for a continued hybrid work setup for its employees. Finance Assistant Secretary and FIRB Secretariat Juvy Danofrata said...
Senator Sherwin Gatchalian on Wednesday called on the Bureau of Internal Revenue (BIR) to launch a massive crackdown on mulcting officials and personnel, victimizing not just large corporations, but even small businesses. “Marami sa ating mga maliliit na negosyante ay kinikikilan ng ilang hindi...
Local fishers were left with no choice but to look for alternative jobs apart from fishing amid the continuous fuel cost hike in the Philippines. A fisherman in Cavite (Manila Bulletin File Photo) Pambansang Lakas ng Kilusang Mamamalakaya ng Pilipinas (Pamalakaya) National Chairperson Fernando...
