Some 6 million Filipinos earning P250,000 and below who comprise 83 percent of the base for individual taxpayers will no longer pay the personal income tax (PIT) under the proposed…
Apart from being “meritorious” on its own as a tool for overhauling the country’s “outdated” tax system, the Comprehensive Agrarian Reform Program (CTRP) being proposed by the Department of Finance…
Two tax research groups have thrown their support behind the common proposal of the Department of Finance (DOF) and the Congress to impose a flat 6 percent rate for donor’s…
The domestic automobile industry will continue to thrive and sustain its growth momentum amid the Duterte administration’s plan to make the excise tax system more progressive, by among others, replacing…
A recognized global expert on energy security has lauded the government’s plan to introduce a fuel marking and monitoring system in the local downstream oil industry as a way to…
The Department of Finance (DOF) thanked the House of Representatives for approving on third and final reading the proposed Tax Reform and Acceleration and Inclusion Act (TRAIN) and expressed optimism…
A leader from the business process outsourcing (BPO) sector has sought speedy congressional approval of the first package of Comprehensive Tax Reform Program (CTRP), which he described as a "win-win"…
The mandatory fuel marking system under the proposed Comprehensive Tax Reform Program (CTRP) is designed to curb the smuggling and misdeclaration of petroleum products that is costing the government an…
Apartment and other real property rentals of P10,000 and below will remain VAT-free while those leasing out condos and other housing units whose gross sales of receipts fall under P3…
Retaining the value-added tax exemptions for all cooperatives that already enjoy almost all types of tax-free privileges--including the 750 prosperous ones that earned a whopping P34 billion combined in 2015…
