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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

Senate approves proposed general tax amnesty on 2nd reading

THE SENATE on Tuesday approved on second reading a measure that would grant a general tax amnesty, a day after a similar bill hurdled the Ways and Means committee in the House of Representatives......»»

Category: newsSource:  bworldonlineRelated NewsNov 13th, 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

House panel signals openness to lowering P10 plastic bag tax

THE House Committee on Ways and Means is open to lowering the proposed P10 excise tax on plastic bags as a compromise with the industry......»»

Category: financeSource:  bworldonlineRelated NewsDec 5th, 2018

House panel hears bills calling for fuel tax hike suspension

THE House Committee on Ways and Means on Wednesday began deliberating bills and resolutions seeking to suspend the increase of the excise taxes on fuel......»»

Category: financeSource:  bworldonlineRelated NewsDec 5th, 2018

Tobacco excise hikes lining up

The House Committee on Ways and Means approved the proposal amending the National Internal Revenue Code (NIRC) and introducing even more excise tax on tobacco products. The House panel under Nueva Ecija Rep. Estrelita Suansing approved the proposed excise tax schedule. Under the bill, the excise tax will rise to P35 per pack starting January […].....»»

Category: newsSource:  tribuneRelated NewsNov 28th, 2018

House suspends hearing on additional tobacco excise taxes

The House Committee on Ways and Means on Monday suspended the hearing on additional tobacco excise taxes, over issues regarding job security for tobacco workers and excessively high taxes for tobacco companies. Committee chairperson and Nueva Ecija 1st District Rep. Estrellita Suansing decided to grant the motion of Bataan 2nd District Jose Enrique Garcia to suspend the hearings for House Bills No. 6648 and 4575 so members of the committee can attend the regular session. The hearing would resume at the Andaya Hallat 10:00 a.m. on Tuesday. The suspension would give the Department of Finance (DOF) and the Department of Health (DOH) time to collate data on possible sources of funds...Keep on reading: House suspends hearing on additional tobacco excise taxes.....»»

Category: newsSource:  inquirerRelated NewsNov 26th, 2018

Tax amnesty, alcohol levy hike advance

A PLANNED general tax amnesty stepped closer to offer as the House of Representatives on Tuesday approved the measure on third and final reading a day after the Senate did the same, while a proposal to increase the tax on alcohol products bagged committee approval......»»

Category: newsSource:  bworldonlineRelated NewsNov 20th, 2018

Senate approves tax amnesty bill on final reading

MANILA, Philippines – The Senate on Monday, November 19, approved Senate Bill No. 2059, which seeks to allow a one-time opportunity to settle tax obligations. Senate ways and means committee chairman Juan Edgardo Angara said the bill would serve as a "fresh start" for Filipinos. If passed into law, ........»»

Category: newsSource:  rapplerRelated NewsNov 19th, 2018

Pre-shipment inspection seen to ‘clean’ Customs

Pre-shipment inspection, valuation, and appraisal of all imports before they are sent to the Philippines, would be one effective way to clean up Customs operations, according to Bagong Henerasyon Party-list Rep. Bernadette Herrera-Dy. The House Assistant Majority Leader and member of the Ways and Means Committee, lamented that the pre-shipment solution was “rejected by the […].....»»

Category: newsSource:  tribuneRelated NewsNov 1st, 2018

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