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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…
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…
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