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Duterte’s tax reforms THE proposed revenue package of the Duterte administration —dubbed the Tax Reform for Acceleration and Inclusion Act (Train)—has gained “overwhelming support” both locally and abroad because of its provisions that will make the tax…
LIFTING taxes levied on imported goods could kill local industries and manufacturers, some Cebu City officials said. Councilors Joy Pesquera and Jose Daluz III both said that without tariffs, more imported goods would flood the local markets…
FREEPORTS A PROPOSAL by Cebu City Mayor Tomas Osmeña for freeports across the country that would exempt payment for customs duties drew mixed reactions from netizens. Rey-Renee De Dios said, “This proposal from Mayor Tom is good…
THE high-end club linked to controversial businessman Kenneth Dong has beat the 10-day deadline to pay their amusement taxes. A representative of Liv Super Club paid P579,500 at the Business Permit and Licensing Office of Mandaue…
Controversial high-end club, LIV Super Club, paid its 2016 amusement tax to Mandaue City on Friday afternoon. The club, however, failed to pay its 2017 tax dues. Liv paid a total of P579,500 for their 2016…
The deaths — not a few would say execution — of Ozamiz City Mayor Reynaldo Parojinog, his wife and 13 others at the hands of police, and the filing of drug trafficking charges against Filipino-Chinese businessman Peter…
7-POINT PROGRAM The Bureau of Internal Revenue (BIR) 13 will go full blast in implementing its 7-point program, which is expected to boost its revenue collection for the rest of the year. Newly-installed BIR 13 Regional Director…
THE Duterte administration’s first tax reform package will shift the burden of taxation to the ultra-rich while easing it for the majority of the population, Finance Secretary Carlos G. Dominguez III said Wednesday. “The tax reform agenda…
STATE OF THE CITY ADDRESS Finding solutions to traffic congestion, garbage collection and improvement of tax collection were the highlights of the first State of the City Address (SOCA) of Cebu City Mayor Tomas Osmeña yesterday since…
The Court of Tax Appeals (CTA) has ordered the Bureau of Internal Revenue to issue a P761.06-million tax refund to San Miguel Brewery, Inc., for erroneously collected tax on its light-branded beer for the year 2012. The…
Auto industry players said the Department of Finance (DoF) was sending a wrong signal to investors with its plan to raise excise taxes on vehicles, even as the government maintained that higher prices would not necessarily deter…
MANILA — The number of Filipinos to be exempted from income taxes will triple to six million under the Duterte administration’s first tax reform package, according to the Department of Finance. Based on preliminary DOF estimates, there…
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