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CEBU CITY, Philippines — Another round of sin taxes would result in lower volume sales of tobacco and liquor products. Robert Go, president of Philippine Retailers Association Cebu chapter (PRA-Cebu), recalled that volume sales of the two…
Imposing a flat rate of 1.5 percent on business taxes in Cebu City may hinder investments coming into the city. The Cebu Chamber of Commerce and Industry (CCCI) believed that while there is a need to adjust…
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 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…
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…
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…
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…
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…
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…
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…
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…
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…
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