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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

‘Senate rules on Cha-cha on the right track’

The Senate rules on amending the 1987 Constitution are “on the right track” and ready even before the sub-committee wraps up its discourse on the Resolution of Both Houses 6 pushing Charter change, a senator said......»»

Category: newsSource:  philstarRelated NewsMar 26th, 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

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......»»

Category: financeSource:  philstarRelated NewsFeb 12th, 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

Tax Notes: BIR issues clarification on the taxation of cross-border services

Tax Notes: BIR issues clarification on the taxation of cross-border services.....»»

Category: newsSource:  sunstarRelated NewsMar 31st, 2024

CA approves ad interim appointment of Recto

The Commission on Appointments approved yesterday the ad interim appointment of Finance Secretary Ralph Recto, who vowed to plug tax leaks, improve tax administration and prevent wasteful expenditures......»»

Category: newsSource:  philstarRelated NewsMar 13th, 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

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

Vape products found with P151 million tax deficiencies

More vape products are found evading tax liabilities of around P151 million as the Bureau of Internal Revenue ramps up its enforcement activities......»»

Category: financeSource:  philstarRelated NewsApr 3rd, 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

ADB: Carbon tax has potential in Philippines

The possibility of a carbon tax has potential in the Philippines, but such a measure must be market-driven and appropriate for the needs of a country still heavily reliant on fossil fuels......»»

Category: financeSource:  philstarRelated NewsMay 6th, 2024

4 ex-tax mappers pay of Cebu City ‘signed’ but…

CEBU CITY, Philippines – The payrolls have been signed and salaries are now being processed, but it is still not enough. The payroll for four Cebu City regular government employees and former tax mappers has been signed and is now in the process of releasing their salaries, which have been pending for 10 months. However,.....»»

Category: newsSource:  inquirerRelated NewsApr 24th, 2024

Former Cebu City Hall tax mappers not to blame for salary delay

Former Cebu City Hall tax mappers not to blame for salary delay.....»»

Category: newsSource:  sunstarRelated NewsApr 18th, 2024

BIR delays 1 percent withholding tax on online sellers

The Bureau of Internal Revenue has deferred the imposition of the one percent withholding tax on online platform providers to mid-July instead of mid-April to allow adjustments among taxpayers......»»

Category: financeSource:  philstarRelated NewsApr 15th, 2024

EDITORIAL - Taxes and governance

It’s tax filing month, and the government as usual launched a campaign to inform the public about meeting the deadline for filing tax returns......»»

Category: newsSource:  philstarRelated NewsApr 15th, 2024

Tax Notes: ITR filing 2023: Extended banking hours, bank acceptance of tax returns on Saturdays, out-of-district filing

Tax Notes: ITR filing 2023: Extended banking hours, bank acceptance of tax returns on Saturdays, out-of-district filing.....»»

Category: newsSource:  sunstarRelated NewsApr 13th, 2024

Rama mihangyo property tax aprobahan

Rama mihangyo property tax aprobahan.....»»

Category: newsSource:  sunstarRelated NewsMar 3rd, 2024

House panel OKs tax-free hazard pay to judges, prosecutors

A House panel has approved a substitute bill that seeks to grant tax-free hazard pay to prosecutors and judges of regional, metropolitan, and municipal trial courts......»»

Category: newsSource:  philstarRelated NewsMar 2nd, 2024

WTO nations to tackle tax-free status of movie, music, games traded online

WTO nations to tackle tax-free status of movie, music, games traded online.....»»

Category: newsSource:  sunstarRelated NewsFeb 25th, 2024