Advertisements


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

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

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 News16 hr. 10 min. ago

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

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