Mining firm in Alcoy vows to pay P65 million in taxes to Capitol

Morexette Marie B. Erram 02/23/2023

CEBU CITY, Philippines – The mining firm in Alcoy town that sources dolomite promised to pay up to P65 million in taxes to the provincial government, the Capitol announced. Gov. Gwendolyn Garcia met with officials of the…

Cebu City eyes improving revenue measures to achieve tax collection target following Mayor Rama’s veto

Wenilyn B. Sabalo 02/17/2023

CEBU CITY, Philippines — While waiting for the new ordinance that would provide for the revision of the Omnibus Tax Code in Cebu City, the Local Finance Committee (LFC) is gearing towards implementing improved revenue measures for…

Rama vetoes ordinance increasing real property taxes but…

Morexette Marie B. Erram 02/12/2023

CEBU CITY, Philippines — The Cebu City government wants a new model for revising the real property tax rates here. Mayor Michael Rama on Sunday, Feb. 12 announced that he vetoed City Ordinance No. 138-2022. Passed by…

Marcos urges public: Don’t delay, pay taxes now

Daphne Galvez 02/08/2023

MANILA, Philippines — President Ferdinand Marcos Jr. on Tuesday urged the public “to pay the correct amount of taxes on time” to support the country’s economic recovery and expansion.taxes At the launch of the Bureau of Internal…

This is the real world

Peter Dominique I. Panga - @inquirerdotnet 01/18/2023

How does the “real world” appeal to your imagination? Much of what it paints, I suppose, is suffering: taxes, poverty, survival at large, you name it. As a college student, I often encounter professors who say that…

VM Garcia confident city can raise close to P50B for next year’s budget

Wenilyn B. Sabalo 12/20/2022

CEBU CITY, Philippines — Cebu City Vice Mayor Raymond Alvin Garcia is confident the city can find ways to raise the P50 billion annual budget for 2023. This is in light of the fact that the Cebu…

Medical marijuana can contribute to economy, gov’t projects — Robin Padilla

Daniza Fernandez 09/13/2022

MANILA, Philippines — Medical marijuana can contribute to the country’s economy and government projects as it can generate taxes, Senator Robin Padilla said on Monday. Padilla noted that the country would need a P5.268-trillion budget next year.…

Cebu City gov’t eyes tax increase, new revenue sources to address cash deficit

Wenilyn B. Sabalo 08/09/2022

CEBU CTIY, Philippines — When Cebu City Mayor Michael Rama assumed office on July 1, 2022, City Hall barely had any cash on hand. As of June 30, the city had a total P4.54 billion under its…

Two-tier tax on salt used in food, drinks pushed

Jeanette Andrade 06/20/2022

MANILA, Philippines —- A health advocates’ party-list lawmaker on Sunday sought taxes on the amount of salt used in food and drinks to generate more funds for the Universal Health Care Act. Barangay Health and Wellness (BHW) party…

Isko Moreno promises Cebuanos lower taxes for electricity, fuel if he becomes President

Delta Dyrecka Letigio 12/05/2021

CEBU CITY, Philippines — Presidential aspirant and Manila City Mayor Isko Moreno Domagoso promised two things if he would become President of the Philippines in the first two years of his term. First, he will reduce the…

Cebu City collects P7.3B in taxes amid pandemic

Delta Dyrecka Letigio 03/09/2021

CEBU CITY, Philippines — Cebu City collected a total of P7.347 billion in taxes for 2020 amid an economically devastating Coronavirus Disease 2019 (COVID-19) pandemic. Mayor Edgardo Labella said in a press conference on Tuesday morning, March…

Import duties, taxes up in October

Ben O. de Vera 11/04/2020

  The Bureau of Customs (BOC) collected P50.9 billion in import duties and other taxes in October, exceeding its downscaled revenue goal for the fifth straight month. While the BOC’s actual collection was 5.2-percent higher than the…

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