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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 »

BIR keeps June 15 deadline for tax filing

ABS-CBN News
Posted at Jun 10 12:53 PM

The Bureau of Internal Revenue said Wednesday it would keep the June 15 deadline for filing of income tax returns as the government needed funds to battle the coronavirus pandemic.    Read more »

Finance dept lauds top 500 taxpayers in the Philippines for 2019

ABS-CBN News
Posted at May 25 02:54 PM

The Philippines' finance department on Monday lauded the country's top 500 taxpayers as of May that settled their corporate and income tax returns (ITRs) ahead of the extended deadline due to the coronavirus lockdown.  Read more »

Deadline to file taxes extended to June 14

ABS-CBN News
Updated as of May 02 11:32 PM

The BIR has further extended the filing of income tax returns, as the enhanced community quarantine continues until May 15. Read more »

Senate to amend CITIRA based on PH COVID-19 crisis needs: Pia Cayetano

Katrina Domingo, ABS-CBN News
Posted at Apr 28 08:24 PM

Sen. Pia Cayetano on Tuesday said the Senate would "amend" the Corporate Income Tax and Incentives Rationalization Act (CITIRA) to ensure that incentives would be given to industries the Philippines needs in its fight against the coronavirus pandemic. Read more »

Tax filing deadline pushed back further to May 30: BIR

ABS-CBN News
Updated as of Apr 17 11:15 AM

The government moved the deadline to May 30 from May 15 but filing should be done on May 29 since the new deadline falls on a Saturday, BIR deputy commissioner Arnel Guballa said Read more »

BIR moves tax filing deadline to May 15 due to COVID-19

ABS-CBN News
Updated as of Mar 19 03:32 PM

The Philippines extended the deadline for the filing of income tax returns to May 15 without penalties to help the public cope with the COVID-19 lockdown in the island that is home to half the population, the Department of Finance said Thursday. Read more »

Senators urge Finance dep't to extend tax deadline amid COVID-19 crisis

Katrina Domingo, ABS-CBN News
Posted at Mar 18 01:21 PM

Senators on Wednesday urged the Department of Finance (DOF) and the Bureau of Internal Revenue (BIR) to extend the deadline for the filing of taxes as parts of the country remain under a month-long lockdown to curb the spread of the coronavirus disease 2019 (COVID-19). Read more »

BIR keeps April 15 tax filing deadline despite COVID-19 lockdown

ABS-CBN News
Updated as of Mar 18 11:45 AM

The Bureau of Internal Revenue rejected Wednesday calls to extend next month's deadline for filing income tax returns (ITRs), which could give the public more time to prepare documents during Luzon's lockdown due to the novel coronavirus pandemic.    Read more »

BIR: No plan to extend deadline for ITR filing; taxpayers may file, pay online

Pia Gutierrez, ABS-CBN News
Posted at Mar 11 07:19 PM

The Bureau of Internal Revenue (BIR) has no plans to extend its deadline on April 15 for filing of income tax returns, amid concerns over the rising cases of the coronavirus disease 2019 (COVID-19) in the Philippines. Read more »