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Tax Notes: BIR clarifies tax treatment of interest on borrowings
Tax Notes: BIR clarifies tax treatment of interest on borrowings.....»»
Tax Notes: Online sellers subject to 1% expanded withholding tax
Tax Notes: Online sellers subject to 1% expanded withholding tax.....»»
Babae
Ginagamit ang termino sa wikang Ingles na “double burden” para ilarawan ang kalunos-lunos na pinagdaraanan ng mga babae, lalo na ang mahihirap. Nagiging doble ‘di umano ang pasanin dahil sa pagiging manggagawang babae at pagiging “housewife.” Pero mas akma ang terminong “multiple burden.” The post Babae appeared first on Bulatlat......»»
Revenue loss due to PIFITA may hit P126 billion
The government may have to forgo P126 billion in revenues over the next five years from the remaining tax reform package that seeks to simplify the tax system......»»
Hear ye, I will ease your burden, but when? (1st of 2 parts)
We often hear taxpayers (local and foreign alike) complain about how burdensome Philippine tax compliance is......»»
Delivery drivers urge Mayor Baste for business permit exemption
Title: Delivery Drivers Seek Exemption from Business Permit Requirement A group of delivery drivers in Davao is urging Mayor Sebastian Duterte to exempt them from the mandatory business permits. The drivers, including those from various delivery apps such as Grab and FoodPanda, are concerned about the financial burden imposed by the business permits, which range from P2,000 to P6,000. They argue that this requirement is unique to Davao City among all cities and provinces in the Philippines. Grab rider Rolando Atico emphasized the need for solidarity among all delivery drivers, regardless of the app they work for. He urged fellow drivers to support each other, as the financial impact may extend beyond just Grab and FoodPanda. Atico also requested Mayor Duterte to reconsider the requirement and reinstate the previous occupational permit, which only cost P125. The group is facing a 30-day deadline to obtain the business permits, and they are citing financial constraints as a reason for their request for an extension. Failure to comply could result in their removal from the delivery platforms, jeopardizing their livelihoods. Additionally, they are advocating for changes to Davao City's Revenue Code, proposing a model similar to Cebu City, where only an occupational permit is required. The drivers are also calling for an inquiry into the lack of transparency and unilateral actions of food delivery companies, particularly concerning rider capitalization and financial concerns. They believe that a thorough investigation will help ensure fairness and equity in their financial obligations and working relationship with the delivery companies. Maribel Paguican, the Business Bureau officer-in-charge, stated that non-certified delivery riders categorized as service contractors must obtain a business permit. She mentioned two permits for occupational and business activities, with a discounted structure for delivery riders. However, concerns have been raised about increased taxes, potentially ranging from P3,000 to P6,000, along with an additional tax on top of the declared income of P1,400. The delivery drivers' plea for exemption from the business permit requirement reflects their concerns about the financial impact and the potential threat to their livelihoods. Their call for solidarity and support from fellow drivers highlights the urgency of the situation. This story sheds light on the challenges faced by delivery drivers in Davao and the implications of the business permit requirement on their financial well-being. It also underscores their efforts to seek fairness and equity in their working relationship with the authorities and delivery companies......»»
[OPINION] Moving beyond blaming teachers: The call for regulatory deregulation
'Is the Department of Education, instead of receiving well-prepared teachers, consistently faced with the challenge of re-training a continuous influx of ill-prepared teachers to meet basic requirements?'.....»»
Mindoro MPAs still exceed grease limits nearly a year after oil spill — study
Residents and environmental advocates renewed their call for accountability and legal protection for the Verde Island Passage as oil and grease levels remained high in several protected areas a year after the oil spill in Oriental Mindoro......»»
Oil Prices Set to Drop After 5 Weeks of Increases
Oil companies to reduce fuel prices on Tuesday, following five consecutive weeks of price increases. Oil prices in Caltex, Cleanfuel, Jetti, Petro Gazz, Seaoil, and Shell are expected to roll back to PHP 0.60 per liter of gasoline and PHP 0.10 per liter of diesel. Meanwhile, Caltex, Seaoil, and Shell are also set to lower […].....»»
Argentine oil producers rebel against Milei government
A number of regions have threatened to withhold supplies in what has turned into a standoff with the president Argentina's key oil-producing provinces have threatened to cut supplies to the rest of the country if President Javier Milei presses ahead with a plan to slash funding and withhold billions in federal tax rev.....»»
Tax revenues jump to P3.4 trillion
The country’s tax revenues rose by five percent to hit P3.38 trillion as the government ramped up its tax administration and digitalization program......»»
‘No tax breaks for eco-zone work-from-home firms’
Work-from-home setups of business enterprises in economic zones should no longer get tax incentives under the Corporate Recovery and Tax Incentives for Enterprises Act as the public health emergency status for COVID-19 has already been lifted, Justice Secretary Jesus Crispin Remulla clarified in a legal opinion......»»
Oil price rollback expected next week
Lower pump prices for petroleum products are expected next week, with the Department of Energy-Oil Industry Management Bureau assistant director Rodela Romero estimating an oil price decrease of around P1 to P1.20 per liter for gasoline, P0.40 to P0.60 per liter for diesel, and P0.45 to P0.65 per liter for kerosene......»»
The Daily Guardian: Competitive Battle for Market Share Arises as U.S. Oil Production Soars
Title: Saudi Arabia Struggles to Stabilize Oil Prices Amid Rising US Production In a bid to support oil prices, Saudi Arabia and its OPEC+ allies.....»»
Mendiola massacre victims honored by continuing demands for peace talks, genuine agrarian reform
“Our commitment to lasting peace never ended. For the martyrs of Mendiola, we continue to assert peace talks [in different administrations] together with the KMP, and we acknowledge the recent breakthroughs in the Oslo Joint Statement, a sign for the resumption of peace talks." The post Mendiola massacre victims honored by continuing demands for peace talks, genuine agrarian reform appeared first on Bulatlat......»»
Oil price hike set on April 9
Oil firms will observe an increase in oil prices in the second week of April......»»
5th oil price hike set February 6
Oil firms will implement an oil price hike for the fifth straight week......»»
Another oil price hike set on January 16
Oil firms will observe an oil price increase in the third week of January......»»
Mixed adjustments in oil prices set before Holy Week
Oil firms will implement mixed adjustments in oil prices on Tuesday, ahead of Holy Week. .....»»
Oil price cut set on March 12
Oil firms will implement a decrease in oil prices on March 12......»»