House approves higher tax on liquor, e-cigarettes

08/16/2019

The House of Representatives on Wednesday evening approved on second reading a bill that would raise the excise on alcoholic drinks effective Jan. 1, 2020, as well as on regular and electronic cigarettes. Without the usual lengthy…

Former Finance Secretary De Ocampo favors TRABAHO Bill, sees tax compromise for ecozone firms

Irene R. Sino Cruz 08/10/2019

CEBU CITY— Former Finance Secretary Roberto De Ocampo favors the Tax Reform for Attracting Better and Higher-quality Opportunities (TRABAHO) bill, the second package under the administration’s comprehensive tax reform program (CTRP).  “The thrust of the administration in…

Duterte urges Congress to pass Trabaho bill

07/22/2019

MANILA, Philippines — President Rodrigo Duterte on Monday called on Congress, during his fourth State of the Nation Address, to pass the second tranche of his planned tax system overhaul. The President was referring to the Tax…

VAT system overhaul instead of Trabaho bill — lawmaker

Inquirer.net 11/06/2018

Senator Joel Villanueva wants an “overhaul” of the value-added tax (VAT) system in the country. Aside from lowering the VAT rate from the present 12 percent to 10 percent, Villanueva also sees the need to rationalize the…

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