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Naga City employee nabbed for ‘stealing’ P12M in gov’t collections
CEBU CITY, Philippines — A 44-year-old liquidating officer of Naga City, Cebu was arrested by the police on Monday, February 19, for allegedly stealing City Hall collections that accumulated to a total of P12 million. The arrested employee was identified as Jesette Kristy Villarta Rivera, a resident of Barangay North Poblacion. City Treasurer Anna Maria.....»»
Rice tariff collections hit P30 billion in 2023
Tariff collections from 3.6 million metric tons of rice imports likely reached a record P30 billion in 2023 on the back of a weaker peso and higher global grain prices......»»
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......»»
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.....»»
Milk tariff collections rise by 31% to P2.4 billion
Revenues raised by the government from various imported milk products jumped by 31 percent to P2.36 billion in 2023, the highest in at least eight years, from P1.8 billion in 2022......»»
No extension: Tax filings to lift BIR collections to P406 billion in April
The Bureau of Internal Revenue is expecting to collect more than P400 billion this month, largely driven by the annual income tax return filing which will not be extended beyond April 15......»»
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......»»
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......»»
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......»»
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......»»
Customs collections overshoot target in Q1
The Bureau of Customs collected P219 billion in the first quarter as it sustained its streak of surpassing targets on the back of an enhanced assessment system......»»
Government posts P88 billion surplus
The Marcos administration snapped eight consecutive months of budget deficit after it recorded a surplus of P88 billion in January as revenue collections outpaced spending......»»
Randy nangungulila pa rin sa namatay na anak after 7 years: Napakasakit
KAHIT pitong taon na ang nakalilipas mula nang mamatay ang kanyang anak ay ramdam na ramdam pa rin ni Randy Santiago ang sakit at pangungulila. Pumanaw ang anak niyang si Ryan noong August, 2017 sa edad na 24 dahil sa kanyang karamdaman. Ayon sa singer-director, until now ay dama pa rin ni Randy ang kirot.....»»
FACES OF CEBU: Regine Villamejor, 27, the ‘fisherman’s daughter’
CEBU CITY, Philippines — “My father told me one time that he wanted to sleep more, but he said (that) he had to work hard in order for me to continue my studies.” That is what 27-year-old Regine Villamejor told Cebu Daily News in 2017. Seven years later, Villamejor, who was known to the people.....»»
Mandaue’s April inflation highest in CV
Mandaue’s April inflation highest in CV.....»»
Pagasa: Low chance of reaching highest temperature in May
CEBU CITY, Philippines – There is now a meager chance of reaching the forecasted highest temperature for May, initially reported to be between 45 and 47 degrees Celsius, according to the local weather bureau in Mactan. Engineer Al Quiblat, the chief of the Philippine Atmospheric, Geophysical, and Astronomical Services Administration (Pagasa) in Mactan, explained that.....»»
BSP execs still highest paid in government – COA
Executives of the Bangko Sentral ng Pilipinas have dominated anew the Commission on Audit (COA)’s annual list of highest paid government officials, with BSP Governor Eli Remolona Jr. topping the list with a net pay of P35.48 million last year......»»