Palace defends tax hike on schools

Leila B. Salaverria 06/12/2021

MANILA, Philippines — Malacañang on Thursday defended the Department of Finance (DOF) for pushing a new revenue regulation that would effectively increase the income tax rate to be imposed on private schools. The DOF has supported the…

CCCI welcomes lower corporate income tax as part of economic recovery

Morexette Marie B. Erram 05/22/2020

CEBU CITY, Philippines — The Cebu Chamber of Commerce and Industry (CCCI) welcomed the plans of the national government to reduce corporate income tax starting June. In a statement signed by its president, Felix Taguiam, the CCCI…

DOF pushes staggered, conditional corporate income tax cut

Inquirer.net 05/22/2018

THE Department of Finance (DOF) on Tuesday reiterated its push for a staggered and conditional reduction in corporate income tax rates under the proposed second tax reform package as the government cannot stand to lose more revenues…

House minority backs income tax exemption

08/18/2016

Minority leader Danilo Suarez on Wednesday said the minority bloc would support the move to remove income tax for earners of P30,000 and below although it would cost the government some P27 billion in revenue loss. But…

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.