Fuel tax hike worries farm sector

Inquirer.net 12/05/2018

Stakeholders of the agriculture sector are afraid the second round of fuel tax increases next month may not bode well for food producers since the measure will translate to higher production costs. Industry leaders who talked to…

French PM to suspend fuel tax hikes: govt sources

AFP 12/04/2018

FRENCH Prime Minister Edouard Philippe is to announce on Tuesday a suspension of fuel tax increases planned for January 1 in a move to end violent “yellow vest” protests against the measure, government sources said Tuesday. The…

Angara files bill to ensure tax-free health insurance premiums

Inquirer.net 12/04/2018

MANILA, Philippines — Senator Sonny Angara has filed a bill seeking to ensure tax-free health insurance premiums among employees. Senate Bill No. 2112 seeks to exempt medical insurance premiums from income tax and fringe benefit tax. This…

ANOTHER ROLLBACK

Jose Santino S. Bunachita and Futch Anthony Inso 12/03/2018

Palace supportive of recommendation to proceed with second round of excise tax on oil amid drop in fuel prices; Not so fast, warns Cebu Business Club Prices of fuel have gone down in eight straight weeks. Based…

Gatchalian urges Duterte to continue suspension of 2nd tranche of oil tax hike

Inquirer.net 12/01/2018

SEN. Sherwin Gatchalian wants President Rodrigo Duterte to continue with the suspension of the second tranche of the excise tax on petroleum products despite the advice of his economic managers. “I urge President Duterte to still push…

Senators warn against recall of fuel tax hike suspension in 2019

Inquirer.net 11/30/2018

Some senators rejected Friday the plan of President Rodrigo Duterte’s economic managers to proceed with the second tranche of oil excise tax hike set on January 2019 as mandated under the Tax Reform for Acceleration and Inclusion…

DOJ files four counts of tax raps vs Rappler

Inquirer.net 11/29/2018

The Department of Justice (DOJ) has filed before the Court of Tax Appeals (CTA) tax evasion charges against online news outfit Rappler. Records from the CTA showed that the case filed was for one count of violation…

House panel OKs bill hiking tobacco excise tax

Inquirer.net 11/27/2018

THE House of Representatives ways and means committee approved on Tuesday a bill seeking to increase the unitary excise tax on tobacco products. Panel chair and Nueva Ecija 1st District Rep. Estrellita Suansing said the panel approved…

Bohol resort opens 2 hours after BIR shutdown due to tax delinquency

Inquirer.net 11/27/2018

PANGLAO, Bohol – Less than two hours after it was ordered close by the Bureau of Internal Revenue (BIR), a high-end resort here was back in business. The 400-room Bohol Hennan Resort on Alona Beach in Panglao…

CCCI opposes proposal to hike business tax

Morexette Marie B. Erram 11/17/2018

THE Cebu Chamber of Commerce and Industry (CCCI) has expressed opposition to the proposal of the Cebu City Government to impose a flat rate of 1.5 percent on the city’s business tax. In a statement sent to…

Senate mulls raising tobacco excise tax

Inquirer.net 11/13/2018

The Senate committee on ways and means is set to conduct a study on the feasibility of raising excise taxes on tobacco products to fund the Universal Health Care (UHC), its chair Senator Sonny Angara said Tuesday.…

DOJ OKs tax evasion case versus Rappler

Inquirer.net 11/09/2018

THE Department of Justice (DOJ) has approved the filing of tax evasion case against online news outfit Rappler. The DOJ’s approval came almost four months after the case was submitted for resolution. The complaint against Rappler was…

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