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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

Babae

Ginagamit ang termino sa wikang Ingles na “double burden” para ilarawan ang kalunos-lunos na pinagdaraanan ng mga babae, lalo na ang mahihirap. Nagiging doble ‘di umano ang pasanin dahil sa pagiging manggagawang babae at pagiging “housewife.” Pero mas akma ang terminong “multiple burden.” The post Babae appeared first on Bulatlat......»»

Category: newsSource:  bulatlatRelated NewsMar 10th, 2024

[OPINION] Moving beyond blaming teachers: The call for regulatory deregulation

'Is the Department of Education, instead of receiving well-prepared teachers, consistently faced with the challenge of re-training a continuous influx of ill-prepared teachers to meet basic requirements?'.....»»

Category: newsSource:  rapplerRelated NewsFeb 11th, 2024

Hear ye, I will ease your burden, but when? (1st of 2 parts)

We often hear taxpayers (local and foreign alike) complain about how burdensome Philippine tax compliance is......»»

Category: financeSource:  philstarRelated NewsJan 29th, 2024

Revenue loss due to PIFITA may hit P126 billion

The government may have to forgo P126 billion in revenues over the next five years from the remaining tax reform package that seeks to simplify the tax system......»»

Category: financeSource:  philstarRelated NewsJan 22nd, 2024

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......»»

Category: newsSource:  inquirerRelated NewsJan 22nd, 2024

Mendiola massacre victims honored by continuing demands for peace talks, genuine agrarian reform

“Our commitment to lasting peace never ended. For the martyrs of Mendiola, we continue to assert peace talks [in different administrations] together with the KMP, and we acknowledge the recent breakthroughs in the Oslo Joint Statement, a sign for the resumption of peace talks." The post Mendiola massacre victims honored by continuing demands for peace talks, genuine agrarian reform appeared first on Bulatlat......»»

Category: newsSource:  bulatlatRelated NewsJan 25th, 2024

Mindoro MPAs still exceed grease limits nearly a year after oil spill — study

Residents and environmental advocates renewed their call for accountability and legal protection for the Verde Island Passage as oil and grease levels remained high in several protected areas a year after the oil spill in Oriental Mindoro......»»

Category: newsSource:  philstarRelated NewsFeb 22nd, 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

Argentine oil producers rebel against Milei government

A number of regions have threatened to withhold supplies in what has turned into a standoff with the president Argentina's key oil-producing provinces have threatened to cut supplies to the rest of the country if President Javier Milei presses ahead with a plan to slash funding and withhold billions in federal tax rev.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 27th, 2024

Oil Prices Set to Drop After 5 Weeks of Increases

Oil companies to reduce fuel prices on Tuesday, following five consecutive weeks of price increases. Oil prices in Caltex, Cleanfuel, Jetti, Petro Gazz, Seaoil, and Shell are expected to roll back to PHP 0.60 per liter of gasoline and PHP 0.10 per liter of diesel. Meanwhile, Caltex, Seaoil, and Shell are also set to lower […].....»»

Category: newsSource:  metrocebuRelated NewsFeb 13th, 2024

E. Samar farmers finish farm business school

Thirty-three members of an agrarian reform beneficiaries organization (ARBO) from a remote farming village in this fifth class municipality completed the Farm Business School (FBS) of the Department of Agrarian Reform (DAR)......»»

Category: sportsSource:  abscbnRelated NewsMar 12th, 2024

President Marcos to finish agriculture reform program before term ends

The government’s agrarian reform program, which President Marcos said was an “unfinished battle” of his late father, would be finished before the end of his term  in 2028. .....»»

Category: newsSource:  philstarRelated NewsFeb 17th, 2024

50,000 CARP beneficiaries in Nasugbu to lose land

At least 50,000 farmers in Nasugbu, Batangas, who were beneficiaries of the Comprehensive Agrarian Reform Program, face eviction following a ruling of the Department of Agrarian Reform canceling their certificates of land ownership awards......»»

Category: newsSource:  philstarRelated NewsFeb 9th, 2024

Agrarian reform beneficiaries installed in Tarlac property

Agrarian reform beneficiaries installed in Tarlac property.....»»

Category: newsSource:  sunstarRelated NewsMay 13th, 2024

Church’s social arm doubt sincerity in Philippine land reform program

Church’s social arm doubt sincerity in Philippine land reform program.....»»

Category: newsSource:  sunstarRelated NewsFeb 25th, 2024

Oil price rollback expected next week

Lower pump prices for petroleum products are expected next week, with the Department of Energy-Oil Industry Management Bureau assistant director Rodela Romero estimating an oil price decrease of around P1 to P1.20 per liter for gasoline, P0.40 to P0.60 per liter for diesel, and P0.45 to P0.65 per liter for kerosene......»»

Category: newsSource:  philstarRelated NewsFeb 10th, 2024

The Daily Guardian: Competitive Battle for Market Share Arises as U.S. Oil Production Soars

Title: Saudi Arabia Struggles to Stabilize Oil Prices Amid Rising US Production In a bid to support oil prices, Saudi Arabia and its OPEC+ allies.....»»

Category: newsSource:  thedailyguardianRelated NewsJan 10th, 2024