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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......»»
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......»»
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......»»
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.....»»
‘P20 per kilo of rice possible if gov’t aggressive in subsidizing farmers’
‘P20 per kilo of rice possible if gov’t aggressive in subsidizing farmers’.....»»
Budget-friendly travel hacks: How Filipinos can plan a memorable vacation on a budget
Budget-friendly travel hacks: How Filipinos can plan a memorable vacation on a budget.....»»
Budget officers in CV undergo financial management training
CEBU CITY, Philippines — Over 600 budget officers in Central Visayas underwent Public Financial Management (PFM) Training in Cebu last month. The initiative, led by the Department of Budget and Management (DBM) in collaboration with the Association of Local Budget Officers-Central Visayas Inc., took place at a hotel in Mandaue City. This training was a.....»»
WESM suspension during red alerts a welcome reprieve amid scorching El Niño heat
WESM suspension during red alerts a welcome reprieve amid scorching El Niño heat.....»»
Ahong suspension: Not true says surprised Lapu-Lapu mayor
LAPU-LAPU CITY, Cebu- Lapu — Rumors circulating about the impending suspension of Lapu-Lapu City Mayor Junard “Ahong” Chan will remain just that: rumors. Chan on Friday, May 17, clarified that the order of his suspension by the Ombudsman was already dismissed before it could be served. This was clarified by the mayor, after a post.....»»
Rama to contest suspension order in Supreme Court, readies legal fight
CEBU CITY, Philippines – Cebu City Mayor Michael Rama stays firm despite being ordered a preventive suspension by the Ombudsman. He now plans to ask for Supreme Court intervention, believing the decision might be politically motivated. Rama questions the fairness of the anti-graft office’s six-month suspension, stating he and seven other City Hall officials weren’t given.....»»
NTC makes 30-day SMNI suspension indefinite
The National Telecommunications Commission yesterday ordered the indefinite suspension in the operation of the radio and television stations of Sonshine Media Network International, the broadcasting arm of Kingdom of Jesus Christ leader Apollo Quiboloy, after the group failed to comply with an earlier 30-day NTC suspension order......»»
Cebu City Mayor Mike Rama suspended for 6 months
CEBU CITY, Philippines — Cebu City Mayor Michael Rama has been placed under suspension by the Office of the Ombudsman. The state’s anti-graft investigating body on Wednesday, May 8 announced that they ordered to put Rama under preventive suspension for six months. READ MORE: 4 ex-tax mappers pay of Cebu City ‘signed’ but… 4 Cebu.....»»
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......»»
Davao del Norte gov’s suspension followed due process – Marcos
The suspension of Davao del Norte Gov. Edwin Jubahib underwent proper procedures, President Marcos has assured the public......»»
E-motorcyles likely included in review of tax breaks – NEDA
The executive order modifying the tariff rates for electric vehicles will be up for review next week, with the possible inclusion of e-motorcycles in the list of vehicles that benefits from tax breaks......»»