News

Villar, Poe justify TRAIN support; blame gov’t, traders for higher cost of goods

Katrina Domingo, ABS-CBN News
Posted at Oct 15 02:20 PM

Some traders and executive agencies, and not the government’s tax reform program, should be blamed for the rising cost of living in the country, 2 re-electionist senators who helped pass the measure said Monday. Read more »

Senators ask Duterte to suspend further increase in fuel excise taxes

ABS-CBN News
Posted at Oct 14 06:33 PM

Majority senators have asked President Rodrigo Duterte to suspend the second tranche of fuel excise taxes under the Tax Reform for Acceleration and Inclusion (TRAIN) law. Read more »

Gov't suspends 2nd tranche of fuel excise taxes to tame inflation

ABS-CBN News
Updated as of Oct 14 07:19 PM

The government is suspending the implementation of the second tranche of fuel excise taxes, originally scheduled next year, to keep inflation in check, the Department of Finance confirmed Sunday. Read more »

BIR files tax raps vs real estate firm, 2 businessmen

Mike Navallo, ABS-CBN News
Posted at Oct 12 03:29 PM

The Bureau of Internal Revenue on Friday filed tax evasion charges against two businessmen and a corporation based in Northern Luzon over about P16 million in total deficiencies. Read more »

'Stop the TRAIN excise tax on fuel'

Junny Roy, ABS-CBN News
Posted at Oct 10 07:36 PM

Senator Bam Aquino, with Senator Francis Pangilinan, files a resolution to stop the excise tax on fuel under the Tax Reform for Acceleration and Inclusion (TRAIN) Law, at the Senate legal office on Wednesday.  Read more »

Minority senators ask Duterte to suspend excise tax on fuel

Sherrie Ann Torres, ABS-CBN News
Posted at Oct 10 05:34 PM

A suspension of the excise tax, according to Senator Bam Aquino, would mean a P2 price reduction per liter of gasoline and diesel and P1 decrease in price of kerosene. Read more »

Senators not yet keen on passing TRABAHO bill, says Zubiri

Sherrie Ann Torres, ABS-CBN News
Posted at Oct 09 10:36 PM

MANILA - The Senate is unlikely to pass the second package of tax reforms this year, but will try to pass a bill granting amnesty to delinquent tax payers, a senator said on Tuesday.  Read more »

CTA dismisses BIR’s P4.2 billion tax deficiency case vs. PSALM

Adrian Ayalin, ABS-CBN News
Posted at Oct 09 09:18 PM

In the CTA en banc decision promulgated October 1, 2018, the court said it does not have jurisdiction over disputes between government agencies. Read more »

Duterte on suspending fuel tax: 'Maybe'

Dharel Placido, ABS-CBN News
Posted at Oct 09 08:56 PM

MANILA - President Rodrigo Duterte on Tuesday said he may be open to suspending the excise tax on oil amid the soaring price of crude in the world market, which has contributed to the country’s quickening inflation. Read more »

DOF: Dubai crude price average in Q4 to determine fate of excise tax hike

ABS-CBN News
Posted at Oct 09 10:32 AM

The first tranche of tax reforms set an $80 per barrel threshold for the automatic suspension of further excise duty increases. The price of Dubai crude recently hit that level. Read more »

China punishes taxmen who investigated Fan Bingbing

Agence France-Presse
Posted at Oct 09 12:21 AM

Officials who investigated Chinese superstar Fan Bingbing for tax evasion have been punished for "poor management", state media reported Monday. Read more »

Senate delays passage of 'TRABAHO' bill pending review on jobs impact

ABS-CBN News
Posted at Oct 08 11:58 PM

The Duterte administration's second tax reform package faces more delays as government agencies work to shed more light on the measure's possible effect on employment.  Read more »

Sigarilyong may pekeng tax stamp, nasamsam sa Tacloban

ABS-CBN News
Posted at Oct 05 07:29 AM

TACLOBAN CITY - Sinalakay ng mga awtoridad ang isang warehouse sa Barangay 74, Tacloban City na naglalaman ng mga sigarilyong peke ang tax stamp. Read more »

Filipinos interested in books but have little budget: survey

Kristine Sabillo, ABS-CBN News
Posted at Oct 05 01:45 AM

College student Jash Cruz is among the many millennials still smitten with young adult books. Read more »

Presyo ng gasolina, sumampa na sa pinakamataas na antas

ABS-CBN News
Posted at Oct 03 09:45 PM

Sumampa na sa pinakamataas na antas ang presyo ng gasolina, batay sa tala ng Department of Energy.  Read more »

China hits movie star Fan Bingbing with huge fines for tax evasion

Reuters
Posted at Oct 03 03:29 PM

The 37-year-old actor, whose June disappearance touched off wild speculation about her whereabouts, has appeared in the "X-Men" and "Iron Man" film franchises, attracting more than 62 million online followers in China. Read more »

Finance dept for subsidies, not lower excise tax on fuel

ABS-CBN News
Updated as of Oct 03 11:55 AM

The upper 10 to 20 percent of Filipinos spend a total of P2,000 to P3,000 per week on diesel or gas, accounting to more than half of fuel consumption in the country. Read more »

Trump helped parents shield millions from taxes -New York Times

Reuters
Posted at Oct 03 08:17 AM

WASHINGTON - U.S. President Donald Trump engaged in tax schemes that included cases of fraud in which he and his siblings helped their parents dodge taxes, the New York Times reported on Tuesday. Read more »

BIR collection, posibleng higit sa P2 trilyon dahil sa TRAIN

ABS-CBN News
Updated as of Oct 02 05:30 AM

Naniniwala ang Bureau of Internal Revenue na maabot nito ang collection target na higit P2 trilyon sa susunod na taon. Read more »

Solons, DOF, mining sector on deadlock over mining fiscal reforms

RG Cruz, ABS-CBN News
Posted at Sep 26 01:36 PM

The House Committee on Ways and Means on Wednesday pushed for the approval of a substitute bill consolidating suggested reforms in the mining industry but failed to reach an agreement with sector representatives and the Department of Finance (DOF), chairman Estrelita Suansing said.    Read more »