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…

Deadline for filing of RPT, business tax in Cebu City moved to Dec. 21

Delta Dyrecka Letigio 10/29/2020

CEBU CITY, Philippines — The deadline for payment of real property taxes (RPTs) and business taxes for fiscal year 2020 has been moved to December 21, 2020. The Cebu City Council approved on Wednesday, October 28, 2020,…

Cebu City mulls having P400M supplemental budget

Delta Dyrecka Letigio 10/24/2020

CEBU CITY, Philippines — The Cebu City government is considering another Supplemental Budget (SB) before the year 2020 ends to pay off taxes and the hazard pay of frontliners.  Councilor Raymond Garcia, chairperson for the City Council’s…

Cebu City falls short on collection of taxes

Delta Dyrecka Letigio 07/02/2020

CEBU CITY, Philippines — The Cebu City Treasurer’s Office (CTO) reported a lower tax collection from March 31 to July 1, 2020 compared to the same period in 2019 due to the Enhanced Community Quarantine (ECQ). Councilor…

BIR targeting Netflix, Lazada, not small-time online sellers

Leila B. Salaverria 06/18/2020

Netflix, Lazada and other big online merchants are the target of tax collectors, Bureau of Internal Revenue (BIR) Deputy Commissioner Arnel Guballa said, allaying fears that the agency was running after small online sellers. Guballa said the…

DOF firm on listing, taxing online sellers

Ben O. de Vera 06/13/2020

The Department of Finance (DOF) did not buckle to calls not to force online sellers to register with the Bureau of Internal Revenue (BIR) and pay taxes while the country is battling the new coronavirus disease (COVID-19)…

BIR tells online sellers: Register business activities, settle taxes

Cathrine Gonzales 06/11/2020

MANILA, Philippines — The Bureau of Internal Revenue has directed online sellers to register their business activities and settle their taxes not later than July 31. BIR said it issued Memorandum Circular 60-2020 “to give notice to…

Gov’t eyes taxes on digital transactions

Ben O. de Vera - Philippine Daily Inquirer 05/25/2020

MANILA, Philippines — With the government expecting to spend trillions more than it earns over the next two years, the country’s economic managers are studying ways to raise more funds, including getting their hands in our digital…

DOF extends deadline to pay local taxes, fees

Ben O. de Vera - Philippine Daily Inquirer 05/02/2020

All local government units (LGUs)—provinces, cities, municipalities, and barangays—have been ordered to extend until June 25 the payment deadlines of all taxes, fees, and charges that fell due during the COVID-19 lockdown. This order was contained in…

Tax collections down in Q1 due to COVID-19

Ben O. de Vera - Philippine Daily Inquirer 04/20/2020

The first-quarter tax collections of the Bureau of Internal Revenue (BIR) and Bureau of Customs (BOC) not only declined but also slid below target as the COVID-19 pandemic and the resulting quarantine imposed since mid-March hurt domestic…

Utilities, banks, city government to give reprieve on payments

Delta Dyrecka Letigios 03/18/2020

CEBU CITY, Philippines — Utility companies, banks, and the city government will be giving deadline extensions to the public for the payment of bills, loans, and taxes. Mayor Edgardo Labella revealed that the Metropolitan Cebu Water District…

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