income-tax | ABS-CBN News

Marcos vetoes bill seeking tax exemption for election workers

Job Manahan and Katrina Domingo, ABS-CBN News
Updated as of Jul 30 06:22 PM

President Ferdinand Marcos Jr. has vetoed a measure seeking to provide income tax exemption to those who render services during election, Malacañang said Saturday. Read more »

Senate body reviewing Duterte DOF's proposed taxes, hikes

Wena Cos, ABS-CBN News
Updated as of Jul 20 08:13 PM

The Senate's tax panel is reviewing measures earlier proposed by the administration of former President Rodrigo Duterte to pay the country's debts and sustain growth. Read more »

DOF eyes new taxes, wider VAT to pay rising debt

ABS-CBN News
Updated as of May 25 04:54 PM

The Department of Finance is proposing to raise new taxes, defer personal income tax reductions, and expand VAT coverage among a slew of measures, to help pay the country’s ballooning debt. Read more »

BIR collections in first quarter fall short of DBCC target: Finance Dept

ABS-CBN News
Posted at May 23 11:14 AM

BIR collections for the first quarter of 2022 fell short of target as business utilize their input VAT credits on purchases under the TRAIN Law. Read more »

Ilang taxpayers nahirapan sa pag-file ng ITR

ABS-CBN News
Posted at Apr 18 08:17 PM

Importante ang deadline dahil lampas kalahati ng buwis na kinikita ng gobyerno ay galing sa income tax. Read more »

Some business owners file losses on last day of ITR filing

Warren de Guzman, ABS-CBN News
Posted at Apr 18 04:08 PM

Many business owners said they are still reeling from the effects of the pandemic lockdowns, and reported losses as they filed their income tax returns. Read more »

No extension of ITR filing deadline: BIR

Warren De Guzman, ABS-CBN News
Updated as of Apr 18 11:14 AM

The Bureau of Internal Revenue would not extend the deadline for the filing of annual income tax returns this year, an official said Monday. Read more »

BIR, BOC exceed 2021 collection target: finance dept

ABS-CBN News
Posted at Mar 17 12:12 PM

The Department of Finance on Thursday said the country's 2 main revenue collection agencies surpassed their combined target for the year 2021. Read more »

'Convicted twice': Guanzon says Marcos Jr. can't run for President

John Gabriel Agcaoili, ABS-CBN News
Posted at Jan 29 12:00 AM

'He was convicted. Convicted! Marcos Jr. was convicted, he's a convict! How many times do I have to say he's a convict? He was convicted twice in the regional trial court and in the Court of Appeals." Read more »

'Unbelievable': Henares on Pharmally exec's low taxes

Benise Balaoing, ABS-CBN News
Posted at Oct 29 12:49 PM

How can a person who purchased a Lamborghini Urus worth P25 million pay only P97,241 in income tax? Read more »

Pharmally execs failed to pay taxes, Senate probe shows

Job Manahan and Sherrie Ann Torres, ABS-CBN News
Updated as of Oct 29 12:06 AM

Based on Senate Minority Leader Franklin Drilon's presentation, most of the income tax returns were not filed, unreadable, or even incomplete. Read more »

Top-earning influencers probed for tax compliance

ABS-CBN News
Posted at Sep 16 10:48 AM

At least 250 social media "influencers" are currently being investigated by the Bureau of Internal Revenue to check if they have been paying taxes, the Department of Finance said Thursday. Read more »

'Pinoys who earn via live streaming should pay taxes'

ABS-CBN News
Posted at Aug 18 11:35 AM

Livestreamers who earn money on different social networks should also pay income taxes, a tax expert said Wednesday. Read more »

BIR reminds social-media influencers: Pay your taxes

ABS-CBN News
Updated as of Aug 19 11:09 PM

Some are apparently not registered with the BIR, or are registered under a different line of business and have not been declaring their earnings. Read more »

Nearly 100 percent of ITRs filed online this year- DOF

ABS-CBN News
Posted at Jun 03 03:09 PM

At least 1.43 million or nearly 100 percent of the total number of annual income tax returns (ITRs) for 2020 were filed online as the government beefs up its digitalization efforts, the Finance Department said Thursday. Read more »

THE DAY IN PHOTOS: April 15, 2021

ABS-CBN News
Updated as of Aug 16 03:35 PM

Here are the day's top stories in photos. Read more »

Wala nang extension sa paghahain ng income tax returns, ayon sa BIR

Johnson Manabat, ABS-CBN News
Posted at Apr 15 04:40 PM

Muling nagpaalala ang Bureau of Internal Revenue na wala nang extension ang deadline sa paghahain ng income tax returns or ITR. Read more »

Filing ITR amid COVID-19 quarantine

Jonathan Cellona, ABS-CBN News
Updated as of Apr 15 04:45 PM

People observe minimum health protocols as they file their Annual Income Tax Return at the Bureau of Internal Revenue main office in Agham, Quezon City on Thursday. Read more »

How to organize taxes para sa mga self-employed

Moneymax.ph
Posted at Apr 01 03:38 PM

Narito ang ilang tips para i-organize ang taxes mo kung sakaling hindi ka pa aware. Read more »

Bicam approves CREATE bill which lowers corporate income taxes

Reuters
Updated as of Feb 02 12:16 AM

MANILA (UPDATED) - A joint Philippine congressional panel approved on Monday a bill that will reduce the rate of corporate income tax in a bid to attract more foreign investment and help the coronavirus-hit Southeast Asian economy recover. Read more »