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SEC-Davao advises timely submission of requirements for amnesty payments

The Securities and Exchange Commission (SEC) Davao Extension Office is reminding corporations who have participated in the amnesty program to ensure timely submission of required documents by January 31. Failure to comply will result in forfeiture of payments and incurring additional penalties as outlined in SEC Memorandum Circular No. 20, series of 2023. Non-compliant corporations must submit their latest General Information Sheet (GIS) and Annual Financial Statement (AFS) through the SEC Electronic Filing and Submission Tool (eFAST). Meanwhile, suspended or revoked corporations should submit their petitions along with necessary documents to the Extension Office via email at secdavao@gmail.com. For more information, applicant-corporations can contact SEC Davao Extension Office at 0932-973-8791. It is important to note that the Commission is planning to implement a substantial increase in basic penalties for late and non-filing of reports post-amnesty period, with penalties potentially increasing by up to 1,900 percent......»»

Category: newsSource:  sunstarRelated NewsJan 15th, 2024

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. .....»»

Category: newsSource:  philstarRelated NewsMar 19th, 2024

MILF lauds Senate for adopting House rebel amnesty resolutions

COTABATO CITY (MindaNews / 7 March) – The Moro Islamic Liberation Front (MILF) lauded the Senate for adopting three resolutions of the House of Representatives that concur with President Ferdinand Marcos Jr.’s grant of amnesty to former rebels. Bangsamoro Interim Chief Minister Ahod “Al Haj Murad” Ebrahim, also the MILF chair, said the granting of […].....»»

Category: newsSource:  mindanewsRelated NewsMar 10th, 2024

Karapatan on the Marcos Jr. admin’s amnesty program

Human rights alliance Karapatan takes exception to the Marcos Jr. government’s recently announced amnesty program for its failure to recognize and address the social, political and economic roots of the armed conflict in the Philippines......»»

Category: lifestyleSource:  abscbnRelated NewsApr 18th, 2024

Government eyes expanded amnesty for Reds

President Marcos wants to expand the amnesty program for communist rebels to include about 1,500 insurgents who have yet to surrender to the government, officials said.....»»

Category: newsSource:  philstarRelated NewsApr 5th, 2024

Duterte revocation of Trillanes amnesty unconstitutional – SC

The Supreme Court has voided an order issued by former president Rodrigo Duterte revoking the amnesty granted to former senator Antonio Trillanes IV......»»

Category: newsSource:  philstarRelated NewsApr 5th, 2024

SC strikes down Duterte s proclamation revoking Trillanes’ amnesty

The Supreme Court ruled in favor of former Sen. Antonio Trillanes IV, affirming the validity of his amnesty and deeming the proclamation revoking it unconstitutional......»»

Category: newsSource:  thedailyguardianRelated NewsApr 4th, 2024

SC strikes down Duterte s proclamation revoking Trillanes’ amnesty

The Supreme Court ruled in favor of former Sen. Antonio Trillanes IV, affirming the validity of his amnesty and deeming the proclamation revoking it unconstitutional......»»

Category: newsSource:  thedailyguardianRelated NewsApr 4th, 2024

Año urges rebels to surrender, avail themselves of amnesty program

Año urges rebels to surrender, avail themselves of amnesty program.....»»

Category: newsSource:  sunstarRelated NewsMar 26th, 2024

House panel Oks proposed POGO ban

Efforts to ban Philippine offshore gaming operators in the country have gained ground at the House of Representatives after a committee yesterday approved two measures on this......»»

Category: newsSource:  philstarRelated NewsFeb 12th, 2024

Tax Notes: BIR clarifies tax treatment of interest on borrowings

Tax Notes: BIR clarifies tax treatment of interest on borrowings.....»»

Category: newsSource:  sunstarRelated NewsFeb 25th, 2024

Tax Notes: Online sellers subject to 1% expanded withholding tax

Tax Notes: Online sellers subject to 1% expanded withholding tax.....»»

Category: newsSource:  sunstarRelated NewsJan 13th, 2024

House arrest warrant vs Quiboloy moot – lawyer

Pastor Apollo Quiboloy’s lawyer says the arrest warrant issued by a House of Representatives panel is moot as the panel’s hearings are already adjourned......»»

Category: newsSource:  philstarRelated NewsMar 26th, 2024

House panel cites Quiboloy in contempt for snubbing SMNI franchise hearings

The House legislative franchises committee cited embattled preacher Apollo Quiboloy in contempt after he again refused to attend the panel’s hearing into the alleged franchise violations by the television network connected to his church......»»

Category: newsSource:  philstarRelated NewsMar 12th, 2024

House OKs bill revoking franchise of SMNI on final reading

The House Bill which seek to revoke the franchise of Sonshine Media Network International has received 284 yes notes from the members of the House of Representatives......»»

Category: newsSource:  philstarRelated NewsMar 21st, 2024

Mandaue council oks new traffic scheme

Mandaue council oks new traffic scheme.....»»

Category: newsSource:  sunstarRelated NewsJan 24th, 2024

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......»»

Category: financeSource:  philstarRelated NewsFeb 8th, 2024

‘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......»»

Category: newsSource:  philstarRelated NewsJan 23rd, 2024

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......»»

Category: newsSource:  philstarRelated NewsJan 18th, 2024

Alvarez tagilid sa ethics panel

Umusad na ang reklamo laban kay Davao del Norte Rep. Pantaleon Alvarez sa House Committee on Ethics kaya binigyan ito ng sampung araw para sagutin ito. The post Alvarez tagilid sa ethics panel first appeared on Abante......»»

Category: newsSource:  abanteRelated NewsMay 6th, 2024