The government can review the current structure of the excise tax laws but it should not do so at the expense of fixing the series of increases in the prices of petroleum, Senator Imee Marcos said on Sunday, March 20. Marcos, who chairs the Senate Committee on Economic Affairs, said the immediate...
Vice President Leni Robredo took a swipe at her fellow presidential candidate, former Senator Ferdinand Marcos Jr., for the latter’s failure to settle his family’s P203.819-billion estate tax debt to the government, saying it could be used for delivering social services to the needy. Former...
The Bureau of Internal Revenue (BIR) has extended up to April 18 the deadline for the filing of 2021 income tax return (ITR). BIR Commissioner Caesar Dulay (Photo courtesy of BIR Facebook page) BIR Commissioner Caesar R. Dulay moved the original April 15 deadline as it is a holiday, Good Friday....
Groups of teachers and education workers decried the 20 percent tax on honorarium for teachers who will serve as poll workers in the upcoming 2022 elections in May. Public school teachers undergo training in Manila for the May 2022 elections. (ALI VICOY / MANILA BULLETIN) “Our teachers who chose...
Communications Secretary Martin Andanar explained that only beneficiaries of the Pantawid Pamilyang Pilipino Program (4Ps) are set to receive the monthly P200 subsidy approved by President Duterte amid the rising prices of oil and petroleum products. Presidential Communications Secretary Martin...
The proposed P200 monthly aid for poor Filipino families will not be enough amid the surging oil prices, aspiring vice president Senator Francis "Kiko" Pangilinan said as he called for the suspension of excise tax on fuel products. Senator Francis 'Kiko' Pangilinan (Photo courtesy of Team Kiko...
The government would need to borrow additional money from creditors should taxes on petroleum products are suspended, the Department of Finance (DOF) warned. Finance Secretary Carlos G. Dominguez III said suspending fuel excise taxes will only provide temporary and minimal relief to consumers, but...
President Duterte has approved the recommendation to retain the fuel excise tax under the Tax Reform for Acceleration and Inclusion (TRAIN) Law amid the continuing increase of oil and petroleum products prices, Malacañang announced. President Rodrigo Duterte (Malacañang photo) Communications...
President Duterte emphasized that he cannot immediately act on the concerns of lawmakers on proposals to stop "e-sabong" operations or suspend the excise taxes on fuel. President Rodrigo Roa Duterte presides over a meeting with key government officials prior to his "Talk to the People" at the...
NORTH COTABATO—As oil companies impose the biggest increase in fuel prices for 11 weeks straight, Vice President Leni Robredo on Tuesday, March 15, laid down a four-point plan to address the oil price hike that burdens commuters, motorists, and public utility vehicle drivers. Vice President Leni...
The Fiscal Incentives Review Board (FIRB) has approved the tax incentives for a P1.5-billion Cebu-based roll on roll off (RoRo) operator that aims to help modernize the shipping industry and increase competition. Finance Secretary Carlos G. Dominguez III said Tuesday, March 15, that the FIRB...
The Makabayan Coalition has underscored their call to stop the act of red-tagging, and to start implementing tax cuts to counter the fuel crisis during a press conference on Monday, March 14. Makabayan Bloc logo (Photo from Wikipedia) They alleged that the administration had taken more interest in...
