Cebu City Treasurer warns: No tax waivers for late payers

Pia Piquero 05/02/2024

CEBU CITY, Philippines – The Cebu City government will not grant any waivers of surcharges to taxpayers who are late in paying their taxes. This means if taxpayers fail to pay their taxes by the due date,…

Recto vows no new taxes under Marcos term, eyes fiscal efficiency

Ian Nicolas P. Cigaral 03/25/2024

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…

Late business taxpayers to incur 25% surcharge

Pia Piquero 01/03/2024

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…

How to get your Digital TIN ID

Morexette Marie B. Erram 12/01/2023

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…

Influencers told to pay taxes or face charges

Ian Nicolas P. Cigaral 12/01/2023

  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…

Marcos urges Congress to reform tax system in the country

Jean Mangaluz 07/24/2023

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.…

Additional tax take from sweetened drinks, salty foods to boost 2024 budget -DBM chief

Gabriel Pabico Lalu 06/21/2023

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…

Cebu Daily Newscast: MCWD allays fears on financial woes

CDN Digital 05/30/2023

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…

Senate OKs bill extending estate tax amnesty till 2025

Beatrice Pinlac 05/29/2023

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…

ARTA commends Lapu-Lapu City for simplifying business permit application process

Futch Anthony Inso 05/15/2023

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…

SC affirms ex-general’s acquittal in tax evasion case

Tina G. Santos 04/22/2023

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…

VM Garcia eyes cashless modes of payments in Cebu City

Wenilyn Sabalo 03/31/2023

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…

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