Taxes

by Czeriza Valencia (The Philippine Star), 7 Jun 2021 MANILA, Philippines — Finance Secretary Carlos Dominguez supports the amendment of a section of the Tax Code pertaining to tax treatment of proprietary educational institutions.

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By Cai Ordinario, Businessmirror, 26 Feb 2021 Addressing taxation gaps in the digital economy may require the government to boost its digital infrastructure expansion nationwide, according to the Philippine Institute for Development Studies (PIDS).

By Ian Nicolas Cigaral(Philstar.com), 3 Feb 2021 MANILA, Philippines — A priority bill that reduces taxes on local and foreign companies while slowly dismantling their tax perks to recoup revenues is now on its way to President Rodrigo Duterte for signature.

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by Prinz Magtulis (Philstar.com), 26 Nov 2020 MANILA, Philippines (UPDATE 7:55 p.m., Nov. 26) — A highly contentious bill that rolls back some tax perks is on its way to enactment, bringing to close decades of grueling fight by government to recoup revenue losses which critics have consistently feared would only discourage much-needed foreign investments.

by Xave Gregorio (Philstar.com), 10 Nov 2020 MANILA, Philippines — The House of Representatives will fast track measures lobbied for by the finance department aimed at reviving the economy badly hit by the coronavirus pandemic, including a proposal to impose a 12% tax on digital transactions.

By: Ben O. de Vera, Philippine Daily Inquirer, 7 Nov 2020 The Bureau of Internal Revenue (BIR) collected P134.4 billion in taxes in October, exceeding the month’s downscaled goal albeit still lower than last year’s take amid a pandemic-induced recession.

by Ben O. de Vera, Philippine Daily Inquirer, 2 Nov 2020 MANILA, Philippines—As the Philippines bears the brunt of typhoons getting stronger because of climate change, the government hoped to bring in more renewable energy sources through generous tax perks, according to President Rodrigo Duterte’s chief economic manager on Monday (Nov. 2).

by Ben O. de Vera, Philippine Daily Inquirer, 31 Oct 2020 MANILA, Philippines — Despite an exodus of Philippine offshore gaming operators (Pogos) trying to avoid not only their tax payments but also the surging coronavirus disease 2019 (COVID-19) infections here, the Bureau of Internal Revenue (BIR) is running after their taxes due to shore…

by Ben O. de Vera, Philippine Daily Inquirer, 18 Oct 2020 MANILA, Philippines — The special allowances and hazard pay of health and medical professionals in the fight against COVID-19 will not be taxed as long as the country is under a state of national emergency.

by Ben O. de Vera, Philippine Daily Inquirer, 17 Oct 2020 The recent tax measures introduced to shore up government revenues took a hit from the pandemic-induced recession, resulting in a lower take thus far, the Development Budget Coordination Committee (DBCC) said.

by Ben O. de Vera, Philippine Daily Inquirer, 21 Sep 2020 MANILA, Philippines — The government’s tax collection from the overseas gambling business is falling as operators close shop and their mostly Chinese workers are fleeing the new coronavirus in the Philippines, the country worst hit by the COVID-19 pathogen in Southeast Asia.

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By: DJ Yap, Pocholo Concepcion, Philippine Daily Inquirer, 20 Jun 2020 A popular political blogger, whose site was launched in 2017 and has drawn 250,000 followers, used to earn an average of P15,000 to P25,000 monthly from Google ads and instant articles from Facebook.

The Supreme Court says association dues and other assessment charges do not form part of a condominium corporation’s gross income by Rappler.com, 18 Jun 2020 MANILA, Philippines – The Supreme Court (SC) affirmed an earlier Makati City court ruling that condominium dues are not subject to tax.

By ERWIN COLCOL, GMA News, 11 Jun 2020 ACT-CIS party-list Representative Niña Taduran on Thursday criticized the move of the Bureau of Internal Revenue (BIR) to require online sellers to register with them to ensure tax compliance.

By MAYVELIN U. CARABALLO, TMT, Manila Times, 5 Jun 2020 The proposed Corporate Recovery and Tax Incentives for Enterprises (Create) Act has earned the support of former government officials, state bankers and other experts.

By: Roy Stephen C. Canivel, Philippine Daily Inquirer, 3 Jun 2020 Simply lowering the corporate income tax might only prompt companies to weather through the pandemic, without any assurance that the tax cut would get them to either keep or hire more workers, a private think tank said.

By Jenina P. Ibañez, BusinessWorld, 2 Jun 2020 BUSINESS GROUPS and exporters are asking Congress to consider a longer transition period from the current tax incentives system and to accelerate the corporate income tax cut, in an effort to restore fiscal certainty to investors amid the pandemic.

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By Jovee Marie de la Cruz, Businessmirror, 13 May 2020 THE government is pushing for a measure that would immediately reduce corporate income tax (CIT) from 30 percent to 25 percent, but this would be at the expense of at least P259.4 billion in expected revenue loss until 2022.

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By: Doris Dumlao-Abadilla, Philippine Daily Inquirer, 4 May 2020 The Philippines will not use taxpayers’ money to bail out entities distressed by the COVID-19 pandemic, which has created a challenging operating environment feared to bankrupt a throng of businesses across the globe.

by Czeriza Valencia (The Philippine Star ), 23 Apr 2020 MANILA, Philippines — Reforms in the country’s tax system should continue even as the economy attempts to recover from the economic fallout of the pandemic, acting Socioeconomic Planning Secretary Karl Chua said Tuesday.

‘Sin’ taxes to help Filipinos live long and healthy lives February 27, 2020 The National Economic and Development Authority welcomed the enactment of Republic Act No. 11467, which will increase excise taxes on alcohol products, electronic cigarettes (e-cigarettes), and heated tobacco products (HTPs).

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