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Finance Secretary Ralph Recto announced that there won’t be any new taxes for the rest of the Marcos administration. He emphasized the government’s focus on reducing unnecessary spending and enhancing revenue collection efficiency to improve its financial…
CEBU CITY, Philippines – A 25 percent surcharge on the total amount due is applied as one of the penalties if business owners in Cebu City pay beyond the deadline, said City Treasurer Mare Vae Reyes. Other…
CEBU CITY, Philippines – Starting December 1, Filipinos no longer need to physically queue inside the Bureau of Internal Revenue (BIR) to get their Taxpayer Identification Number or TIN. The BIR on December 1 announced the launching…
MANILA, Philippines — The Bureau of Internal Revenue (BIR) is considering filing tax evasion cases against social media influencers who have ignored notices to voluntarily comply with tax laws. The BIR earlier said it was relying…
MANILA, Philippines — President Ferdinand “Bongbong” Marcos Jr. urged Congress to pass laws that are aimed at amending taxation in the country. He made this request during his second State of the Nation Address (Sona) on Monday.…
MANILA, Philippines — The increase in the proposed 2024 national budget is made possible by the expected revenue from the planned imposition of additional taxes on sweetened beverages and salty junk foods earlier than scheduled, Budget Secretary…
Listen to Cebu Daily Newscast and get the latest stories in and around Cebu. Here’s what you need to know on Tuesday, May 30. MCWD allays fears on financial woes The Metropolitan Cebu Water District (MCWD) denied facing…
MANILA, Philippines — The Senate approved on Monday a bill pushing back the deadline to avail of estate tax amnesty by another two years. All 24 senators voted in favor of Senate Bill 2219, or the proposal…
LAPU-LAPU CITY, Cebu- The Lapu-Lapu City Government was recognized by the Anti-Red Tape Authority (ARTA) for simplifying its business permit application process. ARTA Director General Ernesto Perez presented to Mayor Junard Chan the certificate of commendation for…
The Supreme Court has affirmed the Court of Tax Appeals’ (CTA) acquittal of the tax evasion raps against former military comptroller, retired Lt. Gen. Jacinto Ligot, and his wife, Erlinda, involving P458 million in underdeclared income from…
CEBU CITY, Philippines—Cebu City Vice Mayor Raymond Alvin Garcia is pushing for an ordinance that would expand the use of cashless modes of payment for all Cebu City transaction fees, including payment for business taxes and real…
CEBU CITY, Philippines — At least 5,000 business establishments (BE) in Cebu City failed to renew their business permits as of Jan. 31, 2023. Latest data from the Cebu City Business Permit and Licensing Office (BPLO) showed…
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