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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...

E-invoicing and real-time sales reporting under HB 5636

(First of a Series) Note: House Bill No. 5636 discussed in this article refers to the version approved on 3rd and final reading by the...

Budget balance swings to surplus in August

By Melissa Luz T. Lopez, Senior Reporter THE country’s budget balance swung to a surplus in August, clipping three straight months of deficit on the...

Government receives second tranche of Mighty’s tax settlement

THE GOVERNMENT has received a second payment from Mighty Corp. amounting to P12.12 billion, the country’s Finance chief said on Thursday, just as the...

Facts, not fear: Responding to critics of TRAIN

Over the past few months, Bayan Muna, Freedom from Debt Coalition (FDC) and IBON Foundation, have all rejected and tagged as anti-poor the proposed...

What should we tax next?

One newspaper report noted that the Finance department was looking into the proposal of an airline company for the government to remove the travel...

Tax refund for realty firm affirmed

THE COURT of Tax Appeals (CTA) has unanimously upheld Kep (Philippines) Realty Corp. in its bid for a P38.7-million refund, as it junked a...

IC backs proposed tax cut for non-life sector

THE Insurance Commission (IC) supports the non-life sector’s proposal of trimming taxes imposed on its premiums, with the regulator to submit its stand on...

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...

Mondelez calls P10/liter sugar tax ‘unfair’

SNACK COMPANY Mondelez has expressed “serious concerns” about the government’s proposed P10 per liter tax on sugar-sweetened beverages, calling the proposal premature and unfair. “As...