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Tax credit scam: 5 ex-DOF execs get 8 years

The Sandiganbayan has affirmed the conviction of five former officials of the Department of Finance for graft over the multibillion-peso tax credit scam in the 1990s......»»

Category: newsSource:  philstarRelated NewsFeb 9th, 2024

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......»»

Category: newsSource:  philstarRelated NewsFeb 6th, 2024

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......»»

Category: newsSource:  philstarRelated NewsFeb 5th, 2024

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......»»

Category: newsSource:  philstarRelated NewsFeb 4th, 2024

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......»»

Category: newsSource:  philstarRelated NewsFeb 3rd, 2024

Ever Bilena faces rap over P9.3M tax deficiency

Ever Bilena faces rap over P9.3M tax deficiency.....»»

Category: sportsSource:  abscbnRelated NewsFeb 2nd, 2024

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......»»

Category: newsSource:  philstarRelated NewsFeb 1st, 2024

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......»»

Category: financeSource:  philstarRelated NewsJan 29th, 2024

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......»»

Category: financeSource:  philstarRelated NewsJan 26th, 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

Call to tax the very richest arises from their own ranks

The combined wealth of the world’s very richest dipped by $500 billion in 2023, to $12.2 trillion from $12.7 trillion in March 2022, according to Forbes, whose list of 2,668 billionaires in 2022 also dipped to 2,640. The post Call to tax the very richest arises from their own ranks appeared first on Bulatlat......»»

Category: newsSource:  bulatlatRelated NewsJan 22nd, 2024

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......»»

Category: financeSource:  philstarRelated NewsJan 19th, 2024

Recto to prioritize pending tax reforms

Newly appointed Finance Secretary Ralph Recto has committed to focusing on tax measures deemed a priority by President Marcos......»»

Category: financeSource:  philstarRelated NewsJan 13th, 2024

Rama wants RPT revision complete by March

CEBU CITY, Philippines – Plans to revise the fair market value of properties in Cebu City, along with the adjustments in real property tax (RPT) calculations, should already be complete by March, Mayor Michael Rama said. Rama said that he has long communicated the need to already work on the matter to members of the Cebu.....»»

Category: newsSource:  inquirerRelated NewsFeb 27th, 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

Warehouse displaying Chinese flag shut down in Valenzuela

Valenzuela Mayor Weslie Gatchalian ordered the closure of a warehouse in the city that displayed the Chinese flag after it was found to lack business and mayor’s permits to operate......»»

Category: newsSource:  philstarRelated NewsJun 7th, 2024

‘Tarlac landfill closure poses health risk’

Hospitals in Luzon including in Metro Manila are expected to face a health crisis due to a plan of the government to shut down the lone engineered sanitary landfill in Capas, Tarlac......»»

Category: newsSource:  philstarRelated NewsJun 2nd, 2024

Facebook shuts down accounts involved in selling babies

Social media platform Facebook has shut down 12 accounts found involved in peddling babies in the guise of adoption, Social Welfare Secretary Rex Gatchalian said yesterday......»»

Category: newsSource:  philstarRelated NewsJun 1st, 2024

Drug den in Cotabato province shut down, 3 operators nabbed

Anti-narcotics agents seized P85,000 worth of shabu and arrested three alleged drug den operators, suspected of sharing earnings to two local terrorist groups, in a raid on Thursday in Pikit town, Cotabato province......»»

Category: newsSource:  philstarRelated NewsMay 31st, 2024

Angelika Dela Cruz denies Mika Dela Cruz s rumored pregnancy

Actress Angelika Dela Cruz shut down rumors that younger sister Mika Dela Cruz is pregnant that's why she married boyfriend Nash Aguas. .....»»

Category: entertainmentSource:  philstarRelated NewsMay 22nd, 2024