Excise tax on single-use plastics to yield P34 billion
The move to slap excise taxes on single-use plastics is seen generating P34 billion for the government and curbing the increasing mismanagement that contributes to overall pollution......»»
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......»»
D& L cements lead in plastic upcycling technologies
D&L Industries Inc. has cemented its position as the first and only company in the Philippines to offer technologies that bring new life into plastics that are considered as low value or non-recyclable, such as single-use plastics......»»
BIR eyes P325 billion from excise taxes
The Bureau of Internal Revenue targets to collect higher excise taxes of up to P325 billion this year as the government moves to improve the regulatory environment and address the still rampant illicit trade......»»
P34-M worth shabu seized in Lanao del Sur
Agents of the Philippine Drug Enforcement Agency seized P34 million worth of shabu from a dealer based in this city who was entrapped in Malabang town in Lanao del Sur on Monday......»»
New tax proposals seen to yield P213 billion revenue
The Marcos administration expects to generate P213 billion over the next five years from the priority tax proposals of the Department of Finance......»»
Recto bats for tax, tariff relief for hybrids
Finance Secretary Ralph Recto is in favor of granting reduced excise tax and preferential tariff to hybrid vehicles......»»
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......»»
Tax Notes: BIR clarifies tax treatment of interest on borrowings
Tax Notes: BIR clarifies tax treatment of interest on borrowings.....»»
Tax Notes: Online sellers subject to 1% expanded withholding tax
Tax Notes: Online sellers subject to 1% expanded withholding tax.....»»
Increasing demand for electric vehicles
The Department of Energy (DOE) in Mindanao has observed a growing demand for electric vehicles (EVs). Engr. Adrian Mel B. Delola, a Science Research Specialist II at DOE Mindanao Field Office, discussed this trend during the Kapehan sa Dabaw on January 15, 2024. He highlighted the impact of the Electric Vehicle Industry Development Act (Evida Law), implemented on April 15, 2022, which has contributed to the increasing interest in EVs. Delola acknowledged that the current cost of EVs is a concern but expressed optimism that as demand rises, the number of charging stations will increase and the cost of units will subsequently decrease. He also addressed the presence of hybrid models in key cities in Mindanao and the challenge of limited car dealerships facilitating their distribution. Additionally, Delola touched on the use of e-trikes, classified as light EVs under RA 11697, and the regulations regarding their weight and use on national highways. The DOE is working with various agencies to address issues related to the registration and use of e-trikes. Sellers are also advising consumers on the proper use of e-trikes for private purposes and cautioning against their use on national highways......»»
Earth Hour 2024 Calls for Filipinos to Switch Off Lights and Switch Off Single-use Plastics
Filipinos can help in solving two of our planet’s biggest problems, biodiversity loss, and climate change, by doing their part in conserving energy and putting an end to the problem of plastic pollution. Earth Hour 2024, set on March 23, Saturday will once again bring together millions of people across the world so they can […].....»»
RCBC credit cards now made from recycled PVC
Yuchengco-led Rizal Commercial Banking Corp. has phased out single-use plastics and shifted to recycled polyvinyl chloride plastic in producing its credit cards as part of its efforts to lessen carbon emissions and promote sustainability......»»
Filipinos urged to end ‘toxic’ relationship with plastic on Valentine’s Day
As Filipinos celebrate Valentine’s Day with their loved ones, an environmental group offers a unique suggestion: break up with single-use plastics. .....»»
EDITORIAL — Banning GMOs
Agricultural scientists have been genetically engineering plants for decades, to increase yield, make crops resistant to certain pests or boost certain desirable characteristics. In the 1960s, the International Rice Research Institute or IRRI produced IR8, dubbed “miracle rice” because its high yield was credited for fighting famine in many countries......»»
PDEA: 7 drivers yield positive results in drug testing
PDEA: 7 drivers yield positive results in drug testing.....»»
95 percent of Pinoys back single-use plastic ban – Greenpeace
Nine in 10 Filipinos support the ban on single-use plastic, according to environmental group Greenpeace Philippines......»»
Santo Niño Fiestas Urged to Do Without Single-Use Plastic Banderitas
Quezon City. A group advocating for a zero waste and toxics-free society has again appealed to communities across the country that are about to celebrate the highly popular feast of Santo Niño to refrain from hanging single-use plastic banderitas, as well as plastic tarpaulins, to cut down on plastic consumption and garbage. In a statement […].....»»
Tax revenues jump to P3.4 trillion
The country’s tax revenues rose by five percent to hit P3.38 trillion as the government ramped up its tax administration and digitalization program......»»
‘No tax breaks for eco-zone work-from-home firms’
Work-from-home setups of business enterprises in economic zones should no longer get tax incentives under the Corporate Recovery and Tax Incentives for Enterprises Act as the public health emergency status for COVID-19 has already been lifted, Justice Secretary Jesus Crispin Remulla clarified in a legal opinion......»»
New finance chief eyes carbon tax
Newly installed Finance Secretary Ralph Recto is pursuing the tax reform proposals of his predecessor, starting with the imposition of a carbon tax in a bid to generate additional revenues and address environmental concerns......»»