Give tax breaks to businesses that recycle water

Rosalie Abatayo 08/25/2018

MCWD URGES LGUS The Metro Cebu Water District (MCWD) urged local government units to enact laws that would give tax incentives to establishments that recycle water. MCWD General Manager Jose Eugenio Singson Jr., in a statement said…

Provincial gov’t defends Oslob vs BIR’s tax claims

Jessa Mae O. Sotto 08/23/2018

THE Cebu Provincial Legal Office (PLO) has defended the municipal government of Oslob against the tax collection demands from the Bureau of Internal Revenue (BIR). Lawyer Donato Villa of PLO, left for Manila on Thursday to personally…

Gov’t workers to SC: Reconsider decision on tax bonuses, allowances

Inquirer.net 08/22/2018

Government workers on Wednesday asked the Supreme Court (SC) to reconsider its July 2018 decision that allowed the Bureau of Internal Revenue (BIR) to impose taxes on their allowances and bonuses. Petitioners led by the Confederation for…

House panel approves ‘in principle’ tax reform package ‘2 plus’

Inquirer.net 08/02/2018

THE House of Representatives’ ways and means committee has approved “in principle” the proposed tax reform package “2 plus” of the Duterte administration, which aims to gradually lower the corporate income tax (CIT) while modernizing incentives for…

Investors tax perks from 2015 to 2016 hit P376B – DOF

Inquirer.net 07/19/2018

TAX incentives given away to investors — in turn, foregone revenues for the national government — totaled P376 billion from 2015 to 2016, such that the head of the Duterte administration’s economic team sought more support for…

Churches oppose Communist tax plan

AFP 07/15/2018

Czech Republic The churches in Czech Republic are up in arms against Communist Party plans to tax billions in compensation being paid by the state in return for assets, mostly land, seized by the Communists during their…

COA recommends higher tax rates for Cebu City

Morexette Marie B. Erram 07/07/2018

The Cebu City government could have earned an additional P1.6 billion if they had amended the Revised Omnibus Tax Ordinance and imposed a 10 percent increase, at most, in local taxes. “The Revised Omnibus Tax Ordinance of…

New Zealand to tax int’l visitors amid tourism boom

AFP 06/15/2018

New Zealand announced plans Friday to introduce a tourist tax and increase other fees for international visitors to fund infrastructure development in the face of a tourist boom. Tourism numbers in the country of 4.5 million have…

CCCI ON PROPOSED TRAIN 2 ‘20% corporate income tax without conditions’

Jose Santino S. Bunachita 06/13/2018

Seeing the benefits to small and medium enterprises (SMEs), the Cebu Chamber of Commerce and Industry (CCCI) has expressed its support for the proposed Tax Reform for Acceleration and Inclusion (Train) Package 2. But the chamber pointed…

Tax collection efficiency stressed as May inflation hits fresh 5-year-high

Jose Santino S. Bunachita 06/05/2018

The government is encouraged to improve and have an impressive tax collection efficiency so that it can reap the benefits of TRAIN (Tax Reform for Acceleration and Inclusion). Gordon Alan “Dondi” Joseph, Cebu Business Club president, made…

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