Makati City Councilor Martin Arenas said on Tuesday, July 29, that the councilors from the majority bloc of the Makati City Council will oppose any attempt by Mayor Nancy Binay to increase Real Property Taxes (RPT) in the city. Arenas made the statement following Binay 's alleged unannounced...
CEBU CITY – Fourteen local government units (LGUs) in Bohol province were recognized for their exemplary tax collection performance in 2024. The recognition was handed out by the Provincial Treasurer’s Office (PTO) in partnership with the Bohol Municipal Treasurer’s League. The award was...
The share of tax revenues to the Philippine economy has lingered below the regional average of efficient collections, highlighting the need to further improve tax administration and enforcement. The Organization for Economic Co-operation and Development’s (OECD) Revenue Statistics in Asia and the...
The Court of Tax Appeals (CTA) has formally decreed that the Independent Electricity Market Operator of the Philippines (IEMOP), as the duly authorized operating entity of the Wholesale Electricity Spot Market (WESM), is not exempt from paying income tax - and that effectively upheld an earlier...
Senator Pia Cayetano on Sunday, June 15 expressed strong support for calls to uphold the mandatory allocation of sin tax revenues to the Philippine Health Insurance Corp. (PhilHealth) following the agency’s zero budget in the 2025 national appropriations. Cayetano joined the call after a petition...
The Philippine Rural Electric Cooperatives Association, Inc. (PHILRECA) has expressed its support for the proposal to eliminate the multiple value-added tax (VAT) on electricity, which is expected to result in lower power rates for consumers. In a statement on Thursday, May 22, PHILRECA said the...
The Bureau of Internal Revenue (BIR) has introduced simplified procedures for value-added tax (VAT) refund claims, as part of its implementation of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) MORE Act. Detailed in Revenue Memorandum Circular (RMC) No. 37-2025, the changes aim...
The Senate Committee on Ways and Means on Monday, May 19 expressed firm belief that reducing taxes is not the solution to help curb illicit tobacco trade but that strengthening enforcement against such activities is still the best course. Sen. Sherwin Gatchalian, chairman of the ways and means...
Proposals to ease the impact of rising living costs on Filipino workers include possible tax breaks and expanded employment opportunities, the Department of Labor and Employment (DOLE) said. DOLE Secretary Bienvenido Laguesma said that while wage adjustments are being reviewed by regional wage...
With illegal tobacco incidence reaching an all-time high of 18.2 percent in 2024, Philippine Tobacco Institute (PTI) has urged the Marcos administration to recalibrate tax rates to help reverse the declining state of the tobacco industry. The latest industry data showed that illicit cigarettes...
(MANILA BULLETIN) On Labor Day, Alyansa para sa Bagong Pilipinas senatorial candidate Benhur Abalos batted for higher income tax exemption levels, as he reckoned that workers deserve greater financial relief amid continuing inflation...
Mayor Abby Binay Makati City Mayor and senatorial aspirant Abby Binay on Thursday, May 1, renewed her call to tax exempt overtime pay and bonuses like the 13th month pay, to promote financial security among government and private sector workers and their families. In a statement, Binay said...
