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Higher taxes seen to make PSE less competitive

By Arra B. Francia, Reporter FOREIGN INVESTORS may lose their interest in the Philippine Stock Exchange (PSE) once it raises stock transaction taxes (STT) in...

Congress ratifies tax reform bill

The Senate and the House of Representatives ratified the final version of the Tax Reform for Acceleration and Inclusion (TRAIN) bill on Wednesday, Dec.13,...

BoI, DoF agency sign agreement to ease tax exemption application

By Anna Gabriela A. Mogato THE BOARD of Investments (BoI) and the Department of Finance-Bureau of Local Government Finance (DoF-BLGF) have signed a memorandum of...

BIR to settle GOCC disputes

By Elijah Joseph C. Tubayan Reporter THE DEPARTMENT of Finance (DoF) ordered the Bureau of Internal Revenue (BIR) to settle out of court its tax disputes...

South Korea offers to train ASEAN countries in tax administration

SOUTH KOREA has offered to host the Association of Southeast Asian Nations’ (ASEAN) training program for tax policy and administration, the Department of Finance...

Firm’s alleged tax deficiency canceled

By Andrea Louise E. San Juan THE COURT of Tax Appeals (CTA) has granted a petition by an oil-trading company seeking to reverse and set...

Think tank says implementation issues to hinder tourist tax

A TAX on foreign tourists has the potential to raise additional revenue for the government at a negligible cost to foreign travelers, though such...

Gov’t mulls tax amnesty next year

By Elijah Joseph C. Tubayan Reporter THE GOVERNMENT may offer a general tax amnesty next year after showing it means business in running after delinquents, the...

DoF expects excise stamp scheme for alcohol in place by mid-2018

THE DEPARTMENT of Finance (DoF) aims to finalize its planned excise stamp scheme for alcohol products by January, and expects the system to be...

FEF says Senate tax reform bill inadequate for infra program

THE Foundation for Economic Freedom (FEF) said the Senate should review its version of the Tax Reform for Acceleration and Inclusion (TRAIN) bill, the...

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...

DoF’s Dominguez calls P25-billion Mighty settlement ‘a good deal’

FINANCE Secretary Carlos G. Dominguez III said cigarette manufacturer Mighty Corp.’s P25-billion settlement offer to cover its tax liabilities “seems like a good deal,”...

Tax perks for BoI firms, locators to stay

THE PROPOSED tax reform program will retain fiscal incentives for firms registered with the Board of Investments (BoI) as well as economic zone locators...

National ID to help deter welfare fraud — Diokno

THE GOVERNMENT’S provision of relief from higher prices of commodities due to higher taxes will drive the need for a national identification system to...

Corporate bond demand seen healthy despite government shift in infrastructure financing

By Krista A. M. Montealegre, National Correspondent APPETITE for corporate bonds will likely be sustained even if the government takes on more debt to fund its...