President Marcos has issued a stern warning to those who continue to exploit the country's tax system that they will be held accountable. President Ferdinand 'Bongbong' Marcos Jr. graces the 2025 National Tax Campaign Kick-Off on Feb. 4, 2025. (Betheena Unite/MANILA BULLETIN) "I have said...
House Speaker Martin Romualdez (Ellson Quismorio/ MANILA BULLETIN) House Speaker Martin Romualdez has led the filing of a measure that seeks to scrap excise tax on fuel products. Read in plenary on Monday night, Feb 3 was House Bill (HB)...
(Unsplash) On the strength of 177 affirmative votes, the House of Representatives approved on third and final reading the measure strengthening the administration of excise tax on tobacco products. House Bill (HB) No.11286, which covers...
The Senate has approved on third and final reading the measure prohibiting the export of raw minerals in a bid to develop local industries, create higher-value goods, and generate more jobs in the country. Senate Bill No. 2826, if signed into law, will take effect after five years,...
Senator Sherwin Gatchalian called out online shopping platforms, including Shopee, Lazada, Tiktok Shop, Facebook Market, and Instagram, for allowing the sale of illicit tobacco and vapor products. At a recent Senate hearing, Gatchalian lamented that these online shopping applications have...
Three industrial corporations and their corporate officers have been charged with tax evasion before the Court of Tax Appeals (CTA), the Department of Justice (DOJ) said on Monday, Feb. 3. In a statement, Justice Secretary Jesus Crispin C. Remulla identified those charged as Total Metal Corporation...
The Court of Tax Appeals (CTA) has denied the petition of Philippine Airlines, Inc. (PAL) which sought a refund of more than P20 milion it paid under protest in 2019 for excise taxes on imported liquor and tobacco products. In a decision promulgated last Jan. 24, the CTA as a full court rules that...
Senator Francis Tolentino has filed a bill seeking to exempt electricity and internet services from the 12 percent value-added tax (VAT). In filing Senate Bill 2970 on Thursday, Jan. 30, Tolentino noted that electricity costs in the Philippines are among the highest in the region – a...
Bureau of Internal Revenue (BIR) Commissioner Romeo Lumagui Jr. expressed openness to a proposed moratorium on the annual increase in excise taxes on tobacco products, provided that the agency's tax collection targets are revised accordingly. "One issue that we will be [facing] moving forward if...
The House of Representatives has approved on second reading a bill designed to rationalize excise tax rates on tobacco and vapor products, aiming to halt the decline in excise tax collections due to illicit trade. Nueva Ecija Rep. Mikaela Suansing Nueva Ecija Rep. Mikaela Suansing...
(MANILA BULLETIN) A green tax measure is being sought by Camarines Sur 2nd district Rep. LRay Villafuerte under House Bill (HB) No.2894, or the proposed Piso para sa Kalikasan (A Peso for Nature) Tax. Villafuerte says HB No.2894 represents the...
For "lack of jurisdiction," the Court of Tax Appeals (CTA) has dismissed the petition filed by Schaeffler Philippines, Inc. seeking a tax refund of P10.27 million from the Bureau of Internal Revenue (BIR). Schaeffler, a firm engaged in the manufacture of high-precision components and systems for...
