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Planned tax amnesty gaining ground in House Ways and Means committee

A TECHNICAL working group (TWG) of the House of Representatives’ Ways and Means committee hopes to finalize the general tax amnesty bill this week, before it is presented to the entire panel for approval when Congress resumes session late next month. The post Planned tax amnesty gaining ground in House Ways and Means committee appeared first on BusinessWorld......»»

Category: financeSource: bworldonline bworldonlineJun 12th, 2018

Tax amnesty bill up for plenary approval

The House committee on ways and means on Tuesday passed and submitted for plenary approval the substitute bill paving the way for the much-anticipated general tax amnesty being planned for next yea.....»»

Category: newsSource:  philippinetimesRelated NewsSep 5th, 2018

BIR mulls amnesty for taxpayers with pending cases

The Bureau of Internal Revenue (BIR) is considering including in its planned tax amnesty program those with pending tax evasion cases. During the hearing of the House of Representatives’ Ways and Means Committee Monday, BIR Assistant Commissioner Alfredo Misajon told lawmakers that the BIR was considering to allow individuals with….....»»

Category: newsSource:  journalRelated NewsFeb 6th, 2018

Bir Mulls Amnesty of Taxpayers with Pending Cases

The Bureau of Internal Revenue (BIR) is considering including in its planned tax amnesty program those with pending tax evasion cases. During the hearing of the House of Representatives’ Ways and Means Committee Monday, BIR Assistant Commissioner Alfredo Misajon told lawmakers that the BIR was considering to allow individuals with pending tax evasion cases to […].....»»

Category: newsSource:  metrocebuRelated NewsFeb 6th, 2018

LGUs raise issue on local business tax amnesty provision

The House Committee on Ways and Means is closer to approving the substitute bill of Package 1B of the Tax Reform for Acceleration and Inclusion (TRAIN) law, but will take a stop over due to issues on the Real Property and Local Business Tax Amnesty provisions. Quirino Rep. Dakila Carlo E. Cua said on Tuesday, […] The post LGUs raise issue on local business tax amnesty provision appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsAug 14th, 2018

House panel targets ‘early March’ approval of tax amnesty measure

By Elijah Joseph C. Tubayan Reporter THE HOUSE of Representatives’ Ways and Means committee hopes to approve a tax amnesty measure by “early March,” its chairman said on Monday, as it irons out details to make sure it brings more tax evaders into the fold. “Early March possibly,” Quirino Rep. Dakila Carlo E. Cua told […] The post House panel targets ‘early March’ approval of tax amnesty measure appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsFeb 5th, 2018

House committee OK's estate tax amnesty

THOSE who have been remiss in paying the estate tax on the property of a deceased loved one may soon get a chance to wipe their slate clean, after the House of Representatives Ways and Means committee got the ball rolling on a one-time amnesty for this delinquency......»»

Category: newsSource:  bworldonlineRelated NewsJan 22nd, 2017

Tax reforms enter legislative mill

THE FIRST PACKAGE of President Rodrigo R. Duterte’s tax reform program has finally hit ground in the House of Representatives, with the Department of Finance (DoF)-backed proposal filed as a bill by the head of the Ways and Means committee......»»

Category: newsSource:  bworldonlineRelated NewsJan 18th, 2017

Front Page: Tax reforms enter legislative mill

THE FIRST PACKAGE of President Rodrigo R. Duterte's tax reform program has finally hit ground in the House of Representatives, with the Department of Finance (DoF)-backed proposal filed as a bill by the head of the Ways and Means committee......»»

Category: newsSource:  philstarRelated NewsJan 18th, 2017

General tax amnesty awaits plenary action in the Senate

SENATOR Juan Edgardo M. Angara, chairman of the Senate Ways and Means committee, on Tuesday submitted a general tax amnesty bill for plenary action. The post General tax amnesty awaits plenary action in the Senate appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsOct 9th, 2018

House Panel Okays Mining Tax Reform

The House of Representatives ways and means committee on Monday approved a substitute bill, which aims to establish the fiscal regime for the mining industry. The panel, chaired by Nueva Ecija Rep. Estrellita Suansing, approved the unnumbered substitute bill to House Bill 422 and 7994, subject to amendments and style, upon the motion of Deputy […].....»»

Category: newsSource:  metrocebuRelated NewsOct 9th, 2018

Taxes on beer, other alcohol products to go up

The House of Representatives committee on ways and means agreed in principle yesterday to increase taxes on beer, wine and other alcoholic beverages......»»

Category: newsSource:  philstarRelated NewsOct 2nd, 2018

House panel forms TWG to harmonize bills on tax rates of alcoholic drinks

        The House of Representatives panel on Tuesday approved the creation of a technical working group (TWG) to harmonize the two bills seeking to increase and restructure the excise tax rates on alcoholic beverages. At the fourth hearing of the ways and means committee, AAMBIS-OWA Rep. Sharon Garin moved for the creation of a TWG to reconcile House Bill (HB) Nos. 8286 and 4839. The panel consequently approved it without objections. The two bills seek to amend Sections 141, 142 and 143 of Republic Act No. 8424, otherwise known as the National Internal Revenue Code of 1997. HB 4839, principally-authored by Garin, seeks to increase the tax excise ...Keep on reading: House panel forms TWG to harmonize bills on tax rates of alcoholic drinks.....»»

Category: newsSource:  inquirerRelated NewsOct 2nd, 2018

House body turns to financial products as it presses on with tax reform

THE HOUSE of Representatives Ways and Means Committee on Monday raced to tackle more of the Executive’s proposed tax reforms in a bid to approve as many of them as possible before lawmakers turn their attention to preparations for next year’s midterm elections, this time focusing on making capital income and financial intermediary taxes simpler, fairer and more efficient. The post House body turns to financial products as it presses on with tax reform appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsSep 25th, 2018

House not backing down on plan to ban open-pit mining

  The House of Representatives is not backing down from its plan to ban open-pit mining and revise the taxation of mineral products in the country despite strong opposition from the mining industry.   At a technical working group (TWG) meeting of the House committee on ways and means Thursday, Speaker Gloria Macapagal-Arroyo gave the Department of Finance (DOF) an ultimatum to submit its draft bill on the fiscal regime for the mining industry. "I will ask the industry, talk to the DOF otherwise we make our own," she said.   "Talk to the DOF and let the DOF come back with a new draft in three days' time otherwise we do our own. Anyway, it's not your ...Keep on reading: House not backing down on plan to ban open-pit mining.....»»

Category: newsSource:  inquirerRelated NewsSep 20th, 2018

Cua to Lapeña: Donate smuggled rice from Thailand to DSWD

        A lawmaker has called on Customs Chief Isidro Lapea to donate the seized smuggled rice worth P125 million to the Department of Social Welfare and Development (DSWD) for the agency's relief operations. The call of Quirino Rep. Dakila Cua, chair of the House Ways and Means Committee, was made days after the Bureau of Customs (BOC) seized 2,500 tons of smuggled rice from Thailand that was consigned to Sta. Rosa Farms. "Nananawagan po tayo kay BOC Commissioner Sid Lapea na i-donate ang nakumpiskang smuggled rice sa Department of Social Welfare and Development para maipamahagi sa mga nasalanta ng baha," Cua said in a statement on Friday. "Malak...Keep on reading: Cua to Lapeña: Donate smuggled rice from Thailand to DSWD.....»»

Category: newsSource:  inquirerRelated NewsAug 17th, 2018

House panel approves TRAIN 2 substitute bill

The House of Representatives’ Ways and Means Committee on Tuesday approved a substitute bill of the Duterte administration’s proposed corporate tax reform program......»»

Category: financeSource:  philstarRelated NewsAug 7th, 2018

HoR ‘okays’ TRAIN 2

THE House committee on ways and means yesterday approved in principle the controversial Tax Reform Acceleration and Inclusion (TRAIN 2) few days after Speaker Gloria Macapagal-Arroyo declared that it was in the list of her priority measures. Deputy Speaker Sharon Garin confirmed the passage of the measure following the panel’s….....»»

Category: newsSource:  journalRelated NewsAug 2nd, 2018

PEZA, Board of Investments challenge 2nd TRAIN package

MANILA, Philippines – The country's top investment promotion agencies challenged proposals included in the 2nd tranche of the Tax Reform for Acceleration and Inclusion (TRAIN) law being pushed by the Department of Finance (DOF) . During the 3rd hearing of the House committee on ways and means on the matter, the ........»»

Category: newsSource:  rapplerRelated NewsJul 24th, 2018

‘System failure’ o… ‘sinadya?’

SA ginawa nating “pagrepaso” (‘review’) sa huling pagdinig ng House Committee on Ways and Means noong Mayo 28 hinggil sa “paglusot” ng 105 containers sa Port of Manila (POM) noong nakaraang Marso, dapat lang talagang “maalarma” ang mga mambabatas sa kanilang “natuklasan.” At ang kanilang pagkabahala -- at kahit ni….....»»

Category: newsSource:  journalRelated NewsJun 11th, 2018

Government keeping P26 B in TRAIN subsidy — lawmaker

Government agencies are keeping nearly P26 billion in subsidies for the poor under the Tax Reform for Acceleration and Inclusion (TRAIN) law, the chairman of the House of Representatives ways and means committee said yesterday......»»

Category: newsSource:  philstarRelated NewsJun 9th, 2018