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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 »

Philippine chamber calls on Congress to fast-track corporate tax reform bill

ABS-CBN News
Posted at Jan 18 03:22 PM

The Philippine Chamber of Commerce and Industry said lawmakers should "focus on the passage of the Corporate Recovery and Tax Incentives for Enterprises (CREATE)."  Read more »

Japanese investors welcome CREATE bill says DOF

ABS-CBN News
Posted at Dec 29 11:18 AM

Japanese investors welcome a bill seeking to lower corporate income tax rates, the Department of Finance said Monday.    Read more »

House panel OKs tax discount for healthworkers

ABS-CBN News
Posted at Dec 07 03:34 PM

The House Ways and Means Committee on Monday approved a bill that would give healthworkers a 25 percent discount on their personal income tax and greenlighted proposals to exempt their hazard pay from taxes. Read more »

As tax base shrinks during pandemic, proposed law seeks to cut revenue sources

Robert JA Basilio Jr., Philippine Center for Investigative Journalism
Posted at Oct 30 05:00 PM

The Duterte government is pushing for a bill cutting the corporate income tax in exchange for strict limits to tax perks enjoyed by investors. Economists however warn against eroding the revenue base at a time of a pandemic, when funds are needed the most. Read more »

Trump took $70,000 in tax deductions for hair care. Experts say that's illegal.

James B. Stewart, The New York Times
Updated as of Oct 07 08:22 AM

Donald Trump spent more than $70,000 on hairstyling during several years of his run on “The Apprentice,” his reality-TV show. What is really remarkable about the revelation is that Trump’s production company deducted his hairstyling expenses from its taxable income, reducing its tax bill. Read more »

Fellow senators' push for Bulacan airport bill irks Pia Cayetano

Katrina Domingo, ABS-CBN News
Updated as of Oct 06 12:00 AM

Sen. Pia Cayetano on Monday ranted in plenary after the Senate leadership denied her request to be given at least a day to study a bill that would grant San Miguel Corp. a franchise to build the Bulacan Airport. Read more »

#IPaidMoreTaxesThanDonaldTrump: Trump tax revelations spark outrage; supporters defend president

Michelle Price and Tim Reid, Reuters
Posted at Sep 29 07:25 AM

WASHINGTON - A report that Donald Trump paid little or no federal income tax in recent years sparked broad outrage on Monday, from rich Democrats to teachers and coffee shop workers taking to social media to claim they had paid more taxes than the U.S. president. Read more »

PH 'exceeds' P2.2-T estimated tax revenue this year, says Finance chief

Katrina Domingo, ABS-CBN News
Posted at Sep 23 02:03 PM

Finance Secretary Carlos Dominguez on Wednesday said the Philippines has already exceeded this year's estimated P2.2 trillion tax revenue as early as August. Read more »

Philippines needs policy clarity to lure foreign funds: analyst

ABS-CBN News
Posted at Jun 22 10:12 AM

The Philippines needs "more clarity" in policies to lure foreign investors, more importantly during the COVID-19 pandemic, a Fitch Solutions analyst said Monday.  Read more »

POGOs to stay shut unless taxes are fully paid: BIR

ABS-CBN News
Posted at Jun 17 10:40 AM

No offshore gaming firms should be allowed to operate at the moment since no one has complied with the reopening guidelines set by the country's tax bureau and gaming regulators, an official said Wednesday.   Read more »

Taxman after Netflix, Amazon, not small online sellers: BIR

ABS-CBN News
Updated as of Jun 17 10:00 AM

The Philippines' effort to tax digital services will focus on the likes of Netflix, Amazon and Alibaba, not small online sellers, a revenue official said Wednesday.  Read more »