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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…
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.…
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…
Oil companies are set to implement a rollback in the prices of gasoline at 6 a.m. on Monday (October 22). Gasoline prices will be reduced by P1.60 to P1.90 per liter, and P0.90 to P1 per liter…
LOCAL business leaders in Cebu welcomed the government’s pronouncement that it will be putting on hold the additional excise tax to be levied on fuel products starting January 2019. The move, according to businessmen, will not only…
What the government should do instead is to tax the sale of cars, with rates going up the more expensive the units. Then charge them with higher road user’s fee when they register their cars. Early this…
President Rodrigo Duterte on Tuesday said his administration was eyeing the suspension of excise taxes on oil amid the record-high inflation in the country. “Maybe,” Duterte said when asked for his comment, adding that Finance Secretary Carlos…
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…
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…
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…
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…
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…
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