We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.
CEBU CITY, Philippines — As the Local Finance Committee of Cebu City’s (LFC) executive department is currently preparing a new proposal after Mayor Michael Rama rejected the ordinance approved by the council on raising the real property…
MANILA, Philippines – A bill taxing transactions with foreign digital service providers (DSPs) like Netflix and Spotify has won the approval of the House of Representatives in its third and final reading. House Bill No. 4122, which…
MANILA, Philippines — Senator Robin Padilla on Friday called the proposal to impose higher taxes on wealthy people a “big insanity” amid currently overlapping crises. According to the neophyte senator, imposing more taxes on the wealthy may…
Several senators are questioning the move by the Bureau of Internal Revenue (BIR) to press owners of online shops to register their businesses during an economic crisis, saying this would burden and not help small entrepreneurs who…
MANILA, Philippines — While it supports the Bureau of Internal Revenue’s (BIR) directive to online sellers to settle their taxes, Malacañang on Thursday said those earning below P250,000 yearly are exempted from paying taxes. In a televised…
CEBU CITY, Philippines —The Aboitiz Power Corporation registered a lower consolidated net income for the first quarter of 2020. In an emailed statement, Aboitiz Power placed its consolidated net income at P2.1 billion for the period, 43…
CEBU CITY, Philippines –The Cebu City government reported an earning of P7 billion from the city’s tax collection from January 2019 to October 2019, which already includes business taxes, permits and licensing community taxes, and other collections.…
CEBU CITY— Former Finance Secretary Roberto De Ocampo favors the Tax Reform for Attracting Better and Higher-quality Opportunities (TRABAHO) bill, the second package under the administration’s comprehensive tax reform program (CTRP). “The thrust of the administration in…
MANILA, Philippines — President Rodrigo Duterte signed on Thursday a law that would increase further the excise tax imposed on tobacco products, Executive Secretary Salvador Medialdea said. Duterte signed Republic Act 11346. “To address the urgent need…
The government has harmonized the taxes and other fees that self-employed professionals such as doctors, accountants and lawyers pay to local government units to cut red tape. In a statement, the Department of Finance said Local Finance…
MANILA, Philippines — The Department of Education (DepEd) has expressed support to the proposal to impose a higher tax on tobacco products, saying it would make cigarettes “less available and affordable” to the youth. “Significant increase in…
CEBU CITY, Philippines — Businesses face rising operating costs and lower net income due to the imposition of the additional P2 excise tax on oil products. Bob Gothong, chief executive officer of Gothong Southern group, admitted that…
We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.