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GOCC handling Clark complex posts 33 percent profit drop in 2023
The state-run firm tasked to manage the Clark Civil Aviation Complex sustained a 33 percent cut to its profit in 2023, hurt by a combination of revenue decline and spending hike......»»
Speaker to BIR: Economic growth rests on hitting targets
Speaker Martin Romualdez urged the Bureau of Internal Revenue to ensure that the tax agency hits its targets this year, emphasizing that “hitting revenue targets means the government can fund its spending program, which will enable growth.”.....»»
BIR-Davao urges taxpayers to file ITR before deadline
BUREAU of Internal Revenue-Davao Region (BIR-Davao) calls on taxpayers to file their income tax returns (ITR) and not wait for the deadline which would be this coming April 15, 2024......»»
Reclaiming compromise payments
In the context of tax assessments, the Bureau of Internal Revenue offers remedies for taxpayers with assessed deficiency taxes......»»
Digital TIN IDs issued reaches 100,000
he Bureau of Internal Revenue has issued 100,000 tax identification number IDs in digital form as more Filipinos opt out from lining up at district offices......»»
BIR attempts ‘friendly’ tack
February is not just the love month, it also marks the start of a yearlong campaign for the Bureau of Internal Revenue (BIR) to encourage the public to pay their tax obligations. After all, collecting P3.05 trillion is no easy task......»»
BIR doubles down on vape industry
The Bureau of Internal Revenue is ramping up efforts to monitor the vape industry after scoring a major win in a P1.2-billion tax evasion case......»»
LIST: 21 medicines added to VAT-exempt list
The Bureau of Internal Revenue has expanded its list of medicines which are exempt from the value added tax......»»
BIR expands list of VAT-exempt medicines
The Bureau of Internal Revenue has issued an updated list of value-added tax or VAT-exempt medicines for diseases such as cancer, hypertension and diabetes......»»
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......»»
Two Costly Marketing Missteps Small Businesses Must Avoid
Marketing is a crucial tool for any small business looking to grow its customer base, increase revenue, and establish a foothold within its industry. However, many businesses make common marketing mistakes that can hinder their progress and ultimately lead to missed opportunities. Here are two such missteps that small businesses must avoid at all costs. […].....»»
Rockwell 2023 income surpasses pre-pandemic level
Lopez-owned property developer Rockwell Land Corp. finished 2023 on a high note with earnings surpassing pre-pandemic level......»»
‘Project UNLOCKED’ empowers teens overcome fears post-pandemic
‘Project UNLOCKED’ empowers teens overcome fears post-pandemic.....»»
Historic 2023 OFW deployment moves Philippines labor migration forward from pandemic
Migrant worker-sending Philippines has moved forward from the COVID-19 pandemic by posting a 55-year high in the number of deployed overseas Filipino workers......»»
Group demands accounting of Cebu City COVID-19 funds
CEBU CITY, Philippines—A coalition is demanding transparency and accountability for the budget allocated for the coronavirus disease (COVID-19) pandemic response here. The Freedom Debt Coalition composed of various cause-oriented groups in the city said there is a need to show the public a transparent liquidation of the P3.5 billion funds for the pandemic response since […].....»»
ACLEx holds first face-to-face MCLE in post-pandemic era
This was the first face-to-face lecture series conducted by the Supreme Court-accredited MCLE provider since the COVID-19 pandemic......»»
January 2024 Filipino tourist arrivals in Hong Kong breach pre-pandemic numbers
Filipino tourist arrivals in Hong Kong,China just surpassed the pre-pandemic numbers for the month of January......»»
Cablao tops Cepca’s 1st post-pandemic monthly event
Cablao tops Cepca’s 1st post-pandemic monthly event.....»»
Cebu Pacific passenger volume hovers near pre-pandemic high
Passenger traffic at Cebu Pacific has inched closer to its pre-pandemic high due to the resurgence of travel demand to mostly local destinations, the Gokongwei-owned budget airline said......»»
Marcos to diplomats: Economy has recovered from pandemic
The Philippines has recovered from the impact of the COVID-19 pandemic and external conflicts, President Marcos said yesterday, as he called on members of the diplomatic community to work together to achieve peace and prosperity......»»