MANDAUE CITY, Cebu — Senator Francis Escudero is urging the national government to prioritize non-tax revenue measures to strengthen long-term fiscal stability instead of imposing new taxes that would ultimately be passed on to the public. The…
MANILA, Philippines — President Ferdinand R. Marcos Jr. announced on Tuesday, April 14, the extension of the 2025 annual income tax return (ITR) filing deadline from April 15 to May 15. In a social media post, Marcos…
CEBU CITY, Philippines — Former city administrator Lawyer Collin Rosell has fired back at the Cebu City Legal Office’s (CLO) probe into the alleged override of the city’s real property tax (RPT) system. He described the investigation…
MANILA, Philippines — Public backlash is growing over parts of the Capital Market Efficiency Promotion Act (CMEPA), particularly provisions on taxing interest from bank deposits. And the Department of Finance (DOF) has pushed back, blaming “fake news”…
MANILA, Philippines — The 13th-month pay and overtime pay and of private and public sector workers should be free from tax, according to Makati City Mayor Abby Binay. Binay, in a statement on Thursday, said she would…
CEBU CITY, Philippines — Business owners in Cebu City can now be worry-free as the City Council approved the extension of the deadline for the renewal of business permits and licenses until January 31, 2025. This means…
The Bureau of Internal Revenue (BIR) will investigate embattled Bamban, Tarlac Mayor Alice Guo and her companies for possible tax evasion, the revenue chief said on Friday. BIR Commissioner Romeo Lumagui Jr. said his agency will fully…
Finance Secretary Ralph Recto announced that there won’t be any new taxes for the rest of the Marcos administration. He emphasized the government’s focus on reducing unnecessary spending and enhancing revenue collection efficiency to improve its financial…
CEBU CITY, Philippines – Plans to revise the fair market value of properties in Cebu City, along with the adjustments in real property tax (RPT) calculations, should already be complete by March, Mayor Michael Rama said. Rama said…
CEBU CITY, Philippines – Starting December 1, Filipinos no longer need to physically queue inside the Bureau of Internal Revenue (BIR) to get their Taxpayer Identification Number or TIN. The BIR on December 1 announced the launching…
MANILA, Philippines — Sen. Francis Escudero on Saturday called on the government to refrain from imposing more taxes that will deal a heavy blow to poor Filipinos, and instead be open to collecting more taxes from the…
CEBU CITY, Philippines — The Cebu City Treasurer’s Office (CTO) is urging the business owners to settle their business taxes and other fees for the third quarter of 2023, on or before the deadline to avoid surcharges.…
