News

Senate to prioritize cigarette tax hike before break

ABS-CBN News
Posted at May 23 12:13 PM

The upper chamber is pushing for a P60 per pack tobacco tax, to be implemented in tranches in the next 5 years or double the P32 per pack proposed by the lower House, Sen. Sherwin Gatchalian told reporters.  Read more »

Senate to open plenary debate on tobacco sin tax on Monday

Sherrie Ann Torres, ABS-CBN News
Updated as of May 23 12:21 PM

The plenary debate for proposed increases on the sin tax on cigarettes will start on May 27, a Senate official said Wednesday. Read more »

Angara ‘pretty sure’ TRABAHO bill won’t get current Senate's nod

Katrina Domingo, ABS-CBN News
Updated as of May 22 03:00 PM

The second package of tax reforms would not be passed under the current Congress, Senate Finance Chair Sonny Angara said Wednesday. Read more »

12,000 foreign workers unlicensed, inspections show: finance official

ABS-CBN News
Updated as of May 22 12:17 PM

Some 12,000 foreign nationals were found to be working in 33 offshore gaming firms in the country illegally, preliminary results of an industry-wide inspection showed, a finance official said Wednesday.   Read more »

Kongreso hinikayat na ipasa ang dagdag-buwis sa sigarilyo, alak

ABS-CBN News
Posted at May 18 01:21 AM

Nanawagan ang Department of Finance at Department of Health sa Kongreso na ipasa na agad ang mga panukalang batas para sa dagdag-buwis sa sigarilyo at alak.  Read more »

Tacloban trader faces P213-million in tax evasion raps

ABS-CBN News
Posted at May 17 12:50 PM

The Bureau of Internal Revenue has filed with the Department of Justice Friday a tax evasion case against a cigarette trader in Tacloban City for over P213 million in alleged tax liabilities. Read more »

Manila real estate taxes to go down, Mayor-elect Moreno says

ABS-CBN News
Updated as of May 17 10:53 AM

Moreno said the real estate tax rate would be decreased by 20 percent on his first year, by 10 percent on the second year, and another 10 percent on the last year of his term. Read more »

'Sin tax' on sugary drinks helps cut consumption, study finds

Ivan Couronne, Agence France-Presse
Posted at May 15 07:43 AM

New research backs the argument that "sin taxes" lead to a reduction in consumption, justifying the use of the duties in combating obesity and other health issues, its authors say. Read more »

Duterte rule seen to get boost from midterm polls

Christian V. Esguerra, ABS-CBN News
Posted at May 12 11:43 AM

The Philippines has 61.8 million registered voters, who will pick candidates for around 18,000 elective positions, from senators to municipal councilors, nationwide. Read more »

JBC releases shortlist for CA, CTA associate justice posts

ABS-CBN News
Posted at May 03 09:15 PM

MANILA - The Judicial and Bar Council (JBC) on Friday released its list of nominees for vacant positions at the Court of Appeals (CA) and the Court of Tax Appeals (CTA). Read more »

$0 corporate tax for Amazon, profitable giants sickens US voters

The New York Times
Posted at Apr 30 09:28 AM

For decades, profitable companies have been able to avoid corporate taxes. But the list of those paying zero roughly doubled last year as a result of provisions in President Donald Trump’s 2017 tax bill that expanded corporate tax breaks and reduced the tax rate on corporate income. Read more »

Pangasinan trader faces P3.4-billion tax evasion case, criminal raps

Mike Navallo, ABS-CBN News
Posted at Apr 25 05:57 PM

The Bureau of Internal Revenue (BIR) on Thursday filed tax evasion and other criminal complaints against a Pampanga-based businessman found to have manufactured fake cigarettes, operated without a license and failed to pay P3.4 billion in alleged tax deficiencies. Read more »

Negosyante ng pekeng yosi sa Pangasinan kinasuhan sa DOJ

ABS-CBN News
Posted at Apr 25 03:36 PM

Sa tala ng BIR, tinatayang aabot sa P3.4 bilyon ang hindi binayarang buwis ni Calugay sa gobyerno. Read more »

Integrated tax system ng BIR Davao, nagkaaberya

Jasper Magoncia, ABS-CBN News
Posted at Apr 16 12:27 AM

DAVAO CITY - Nagkaaberya ang transaksiyon ng Bureau of Internal Revenue Davao matapos mag-down ang Integrated Tax System nito Lunes. Read more »

Mga sumadya sa BIR offices para sa deadline ng ITR filing kumaunti

ABS-CBN News
Posted at Apr 15 09:36 PM

Hindi gaya ng mga nakaraang taon, mas kakaunti ang sumadya sa mga revenue region office ng BIR. Read more »

Save or Shred? What To Do with Money Documents Piling Up

Aneth Ng-Lim
Posted at Apr 15 09:52 AM

When it’s too hot to go anywhere, the best thing to do is stay indoors and keep yourself busy. One of my annual rituals is to go through financial documents and sort them between Save and Shred piles.  Read more »

Filipinos rush to beat income tax filing deadline

ABS-CBN News
Updated as of Apr 15 04:12 PM

Filipinos rushed to beat the Monday deadline to file their annual income tax returns, with lines forming at Bureau of Internal Revenue offices. Read more »

2018 tax year to reflect changes under TRAIN law

ABS-CBN News
Posted at Apr 12 11:21 PM

The deadline of filing for 2018 income tax returns is scheduled on April 15, Holy Monday.  Read more »

Travel tax 'wrong,' must be scrapped, says Koko Pimentel

Dharel Placido, ABS-CBN News
Posted at Apr 11 02:46 PM

Pimentel, who filed a bill seeking to remove the duty, said taxpayers should not carry the burden of funding the development of tourism-related facilities. Read more »

Trump misses Democrat deadline for releasing tax return

Agence France-Presse
Posted at Apr 11 08:09 AM

Donald Trump is the first US president since Richard Nixon to refuse to divulge his tax information.  Read more »