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Duterte tax reform spells stimulus for retailers

MAU Dizon, a marketing officer in one of the largest Philippine banks, is among millions of Filipino taxpayers who stand to benefit from President...

Senate targets approval of tax reform bill by November

By Mario M. Banzon THE SENATE hopes to pass on second and third reading the proposed Senate version of the tax reform bill when Congress...

Central bank says tax reform won’t require policy response

THE PHILIPPINES’ plan to overhaul its tax system will have only a modest inflationary impact and will not need a monetary policy response, said...

Senate aims to pass tax reform before adjournment in October

By Mario M. Banzon WITH ONLY two weeks left before Congress adjourns on Oct. 13, the Senate continues this week its daily plenary debate on...

Angara’s TRAIN of deception

Nakakaloko. This is how I would choose to describe Sen. Sonny Angara’s version of the Tax Reform for Acceleration (TRAIN) committee report in the Senate. The...

Tax reform version in Senate up for approval

THE CHAIRPERSON of the Senate ways and means committee endorsed to the plenary on Wednesday, Sept. 20, Senate Bill No. 1592 -- or what...

DoF defers submission of 2nd tax reform package

THE DEPARTMENT of Finance (DoF) will defer submission to Congress of the second of up to five tax reform packages, as it focuses all...

Senate to retain ‘50%-70%’ of DoF tax package

THE SENATE is planning floor deliberations on Sept. 20 on new revenue measures that will partly compensate for dilutions of the original tax reform program proposed...

DoF wary drinks firms may game sugar tax

A SUGAR content-based approach for the proposed drinks tax will allow beverage manufacturers to game the system and avoid paying a higher levy, ultimately...

Senate proposes subsidy to cover GOCCs’ lost VAT exemptions

POISED to lose their exemptions from Value-Added Tax (VAT), Government Owned and Controlled Corporations (GOCC) will be given a subsidy from the P19 billion...