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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

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

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

‘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

House panel to probe TRAIN cushion delay

THE House committee on ways and means will grill key government officials to determine the reasons behind the delay in the implementation of the social protection program of President Rodrigo “Rody” Duterte’s Tax Reform for Acceleration and Inclusion (TRAIN) Act after the inflation rate breached the target range of 2%….....»»

Category: newsSource:  journalRelated NewsJun 5th, 2018

LGU TAX EXEMPTION | House panel mulls local tax shield for firms in line with TRAIN 2

THE HOUSE committee on ways and means will look into how businesses in the Philippines can be shielded from dealing with varying tax schemes among local government units while still rationalizing fiscal incentives under the second package of the tax reform program. The post LGU TAX EXEMPTION | House panel mulls local tax shield for firms in line with TRAIN 2 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 31st, 2018

House panel mulls local tax shield for firms in line with TRAIN 2

THE HOUSE committee on ways and means will look into how businesses in the Philippines can be shielded from dealing with varying tax schemes among local government units while still rationalizing fiscal incentives under the second package of the tax reform program. The post House panel mulls local tax shield for firms in line with TRAIN 2 appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 30th, 2018

Customs manual alert hit

THE chairman of the House committee on ways and means has questioned why the 105 shipping containers that were allegedly irregularly released from the premises of Manila South Harbor’s port operator Asian Terminal Inc. (ATI) were placed under manual alert orders, giving the leadership of Customs Commissioner Isidro Lapeña a….....»»

Category: newsSource:  journalRelated NewsMay 29th, 2018

House mulls power for President to defer tax hike

THE HOUSE COMMITTEE on ways and means will study the option of giving President Rodrigo R. Duterte the power to suspend tax increases under the Tax Reform for Acceleration and Inclusion (TRAIN) law amid concerns over elevated prices of consumer goods, the head of the panel said in a television interview on Monday. Despite Republic […] The post House mulls power for President to defer tax hike appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 28th, 2018

Lacson warns of revolution if prices are not checked

"When the stomach protests, prepare for revolution." Sen. Panfilo Lacson issued this warning on Sunday, urging the government to do something to arrest price increases being blamed on the Tax Reform for Acceleration and Inclusion (TRAIN) Act. "This is the experience not only in our country but in countries in Latin America," Lacson said in an interview with radio station dzBB. In the House of Representatives, the chair of the powerful ways and means committee expressed willingness to discuss proposals to suspend the collection of additional excise on fuel, but not the enforcement of the entire TRAIN law. "What we do not want is to hastily stop the TRAIN law," Quirino Rep....Keep on reading: Lacson warns of revolution if prices are not checked.....»»

Category: newsSource:  inquirerRelated NewsMay 28th, 2018

Smooth ‘TRAIN’ ride urged

Tax Reform for Acceleration and Inclusion (Train) Act has provisions to cushion impact on ordinary Pinoys –– House leader THE chairman of the House committee on ways and means has reiterated his call for the concerned government agencies to immediately implement the social protection clause of the Tax Reform for….....»»

Category: newsSource:  journalRelated NewsMay 27th, 2018

PUV upgrades to be required for fuel vouchers

THE DEPARTMENT of Transportation (DoTr) said that it is preparing to issue fuel vouchers for public utility vehicle (PUV) drivers and operators affected by higher fuel taxes, and may restrict voucher eligibility to those who have modernized their vehicle fleets. At the House ways and means committee hearing yesterday on the second package of the […] The post PUV upgrades to be required for fuel vouchers appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 22nd, 2018

House committee eyes retention, expansion of tax, non-tax incentives

THE HOUSE Committee on ways and means is looking to retain and even expand tax and non-tax incentives for those sectors with good performances and in need of a boost, its chairman said, as it is set to begin public hearings on the second package of the tax reform program. Dakila Carlo E. Cua (Quirino), […] The post House committee eyes retention, expansion of tax, non-tax incentives appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 16th, 2018

Senate, House agree on 5% cosmetic tax

  The House of Representatives and Senate have reached a compromise and agreed to impose a five-percent excise tax on cosmetic surgeries and body enhancements for aesthetic reasons.   "Cosmetic tax at 5% approved by Bicam," Senate Minority Leader Franklin Drilon said in a text messageon Friday.   The bicameral conference committee had been meeting to reconcile their versions of the proposed Tax Reform for Acceleration and Inclusion (TRAIN) act.   Drilon earlier said that there was strong opposition from congressmen on the imposition of cosmetic tax.   Senator Sonny Angara, chairman of the Senate ways and means committee, earlier...Keep on reading: Senate, House agree on 5% cosmetic tax.....»»

Category: newsSource:  inquirerRelated NewsDec 8th, 2017

Bicam agrees on up to 90% of tax reform bill

THE bicameral conference committee harmonizing Tax Reform for Acceleration and Inclusion (TRAIN) bills from the House and Senate have agreed on “85 to 90%” of the legislation, or about 75 key provisions, Sen. Juan Edgardo M. Angara said. Mr. Angara, who chairs his chamber’s committee on ways and means, made the announcement in a chance […] The post Bicam agrees on up to 90% of tax reform bill appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsDec 7th, 2017

TRAIN bicam sets P250,000 tax-exempt bracket

THE bicameral session reconciling the House and Senate versions of the Tax Reform for Acceleration and Inclusion (TRAIN) program approved the tax-exempt ceiling of P250,000 in annual income, among others, while deferring decisions on more contentious matters. Sen. Juan Edgardo M. Angara, who chairs his chamber’s committee on ways and means, said in a radio […] The post TRAIN bicam sets P250,000 tax-exempt bracket appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsDec 3rd, 2017