Country in ‘white’ list of tax standard-compliant states THE PHILIPPINES has been raised to the “white list” of countries complying with an Organization for Economic Cooperation and Development (OECD) tax information sharing standard.
The Department of Finance (DOF) is amenable to reviewing the current law on the so-called sin taxes, which could help raise additional revenues for the cash-strapped government. Finance Secretary Cesar Purisima said he will support a review of the present structure of sin taxes, which are basically levies imposed on alcohol and tobacco products.
Championing tax laws can have serious repercussions for a politician. Take Sen. Ralph Recto, for instance. In the Thirteenth Congress (2004 to 2007), Recto as chairman of the Senate Committee on Ways and Means, sponsored numerous revenue measures, the most controversial of which was the Reformed Value-Added Tax (RVAT) law that increased the VAT from…
As the value-added tax (VAT) on road toll has been put on hold by the Supreme Court—and since the court could make this temporary restraining order against “a tax [the VAT] on a tax [the toll]” permanent—the Department of Finance (DOF) is looking for other means of raising additional revenues through the government’s other line…
Persons inheriting homes from deceased parents or relatives usually are overburdened by the estate tax which they could ill afford. Because of inability to pay the estate tax, some heirs are focused to sell their inherited property.
MANILA, Philippines – The Department of Finance and the Bureau of Internal Revenue (BIR) are drawing up a list of all licensed professionals to find out who among them are paying the right taxes.
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
