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DOF drops income tax hike for dividend income
The Department of Finance revised the proposed Passive Income and Financial Intermediary Taxation Act to drop a planned increase in the income tax rate for dividend income......»»
Excise tax collection declines to P292 billion
Lower consumption of ‘sin’ products as prices of essential goods increased last year resulted in the drop of excise tax collections by the government, further exacerbated by the still rampant illicit trade......»»
Makati barangays to get P10 million more from tax shares
All 23 barangays of Makati are each getting an additional P10-million share from the city’s basic real property tax collection following the transfer of the 10 enlisted men’s barrio or “embo” barangays to Taguig, Mayor Abby Binay said yesterday......»»
Tax Notes: BIR issues clarification on the taxation of cross-border services
Tax Notes: BIR issues clarification on the taxation of cross-border services.....»»
House panel OKs tax breaks for companies hiring senior citizens
Under the bill, companies hiring elderly workers can avail of a 25% tax reduction of the amount paid to salaries, wages and benefits and trainings for senior citizens. .....»»
CA approves ad interim appointment of Recto
The Commission on Appointments approved yesterday the ad interim appointment of Finance Secretary Ralph Recto, who vowed to plug tax leaks, improve tax administration and prevent wasteful expenditures......»»
ICHRP welcomes acquittal of Maria Ressa in Philippine tax evasion case
The International Coalition for Human Rights in the Philippines (ICHRP) welcomes journalist and Nobel Prize recipient Maria Ressa’s acquittal from a Philippine tax evasion case......»»
Tax break for 2-wheeled EVs gains ground in Congress
Giving tax breaks for two-wheeled electric vehicles is getting more support from Congress, as a bill aiming for their inclusion in the list of vehicles benefiting from tariff reduction has been filed in the House of Representatives......»»
23 Makati barangays to receive P10M from real property tax collection
The Makati City government said that 23 of its barangays are slated to receive an extra P10 million each from the city's basic real property tax collection......»»
Ever Bilena tax liability pegged at P1.6 billion
The alleged tax deficiency of popular cosmetic brand Ever Bilena has ballooned to P1.6 billion, according to the Bureau of Internal Revenue......»»
DOF limits tax-exempt status for pickup trucks
The Department of Finance is pushing for only one kind of pickup truck to remain tax-exempt as it insists on the removal of special excise treatment on all other types......»»
Vape products found with P151 million tax deficiencies
More vape products are found evading tax liabilities of around P151 million as the Bureau of Internal Revenue ramps up its enforcement activities......»»
CGBP training program on tax rights, remedies
The Center for Global Best Practices will host a special online training titled “Tax Rights and Remedies for SMEs and Large Taxpayers” on April 18 and 19, from 9 a.m. to 12 p.m. via Zoom......»»
Energy specialist backs tax breaks for e-motorcycles
Giving tax incentives to e-motorcycles is justified because of their proven contribution in reducing carbon emissions, a specialist from the Department of Energy (DOE) said......»»
DOJ sues firm for tax evasion
The Department of Justice has filed criminal charges against a company for evading tax payment by using fake receipts......»»
BIR files case vs Ever Bilena over P1.6 billion tax liability
The Bureau of Internal Revenue has filed criminal charges against popular cosmetics brand Ever Bilena for allegedly failing to settle at least P1.6 billion in tax liability......»»
Ever Bilena faces P9.3 million tax rap
The Bureau of Internal Revenue has filed a criminal complaint against popular cosmetic brand Ever Bilena for nearly P10 million in alleged tax deficiencies......»»
BIR ramps up tax compliance drive
The Bureau of Internal Revenue has initiated a nationwide tax compliance drive to boost awareness and encourage taxpayers to pay their obligations......»»
ADB: Carbon tax has potential in Philippines
The possibility of a carbon tax has potential in the Philippines, but such a measure must be market-driven and appropriate for the needs of a country still heavily reliant on fossil fuels......»»
4 ex-tax mappers pay of Cebu City ‘signed’ but…
CEBU CITY, Philippines – The payrolls have been signed and salaries are now being processed, but it is still not enough. The payroll for four Cebu City regular government employees and former tax mappers has been signed and is now in the process of releasing their salaries, which have been pending for 10 months. However,.....»»