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Ninoy slay prober Bienvenido Tan dies at 96

Gerry Lirio, ABS-CBN News
Posted at Mar 27 09:42 PM

Bienvenido Tan Jr., the tax chief of the late President Corazon Aquino, died on Friday, according to family and friends. He was 96.    Read more »

Coronavirus economics: roundup of radical policy steps

Jitendra Joshi, Agence France-Presse
Posted at Mar 25 06:01 PM

Printing new money, gargantuan debt spending, loan guarantees, tax breaks and even direct payments to workers are all in the highly unorthodox mix.   Read more »

Ateneo economists bat for 'social protection' to dampen COVID-19 impact

ABS-CBN News
Posted at Mar 23 10:48 PM

Among their recommendations is doubling the unconditional cash transfers from P36.5 billion to P73 billion to provide support for the poor.  Read more »

Finance chiefs vie to inoculate world economy against virus

Jitendra Joshi, Agence France-Presse
Posted at Mar 19 10:31 PM

Governments and central banks are injecting eye-popping sums and emergency policy remedies into the global economy as the coronavirus pandemic upends all normal life. 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 »

Tour company appeals to BIR to move tax filing deadline amid COVID-19 Luzon lockdown

ABS-CBN News
Posted at Mar 17 07:02 PM

MANILA - The Bureau of Internal Revenue should defer the deadline for the filing of income tax returns to give businesses more time to prepare all necessary documents amid the COVID-19 lockdown imposed over the whole of Luzon, a tourism firm said on Tuesday.  Read more »

Quezon City extends deadline for local tax payments

ABS-CBN News
Posted at Mar 17 01:23 PM

Quezon City said it is extending the payment of local taxes due to the enhanced quarantine imposed over the whole of Luzon meant to check the spread of COVID-19. Read more »

PH finance dep't backs Congress move on taxing POGOs

Pia Gutierrez, ABS-CBN News
Posted at Mar 11 09:13 PM

The Philippine finance ministry supports the legislative move to increase taxes on offshore gaming operators in the country and their service providers, amid government efforts against tax-evading firms in the industry, an official said Wednesday. 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 »

Duterte certifies as urgent CITIRA bill

Arianne Merez, ABS-CBN News
Posted at Mar 09 04:56 PM

President Rodrigo Duterte has certified as urgent a bill that aims to lower corporate income tax. Read more »

8 of 11 licensed POGOs refuse to pay licensing fees: BIR

Katrina Domingo, ABS-CBN News
Posted at Mar 05 05:58 PM

Eight of the 11 Philippine Offshore Gaming Operators (POGO) who currently have permits from the Philippine Amusement Gaming Corporation (PAGCOR) refused to pay licensing fees, a tax official said Thursday, as a Senate panel studied if internet gambling should still be allowed in the country. Read more »

Lufthansa PH: 'CITIRA' bill bigger concern for businesses than COVID-19 disruptions | Market Edge

ABS-CBN News
Posted at Feb 26 05:42 PM

Despite virus disruptions, Lufthansa Technik Philippines carries on with its expansion in the Philippines. The firm says that while the COVID-19 outbreak is a concern for their operations, the bigger problem is still the uncertainties over the Corporate Income tax and Incentives Reform Act (CITIRA) bill. Read more »

ABS-CBN pays taxes regularly, BIR tells Senate panel

ABS-CBN News
Updated as of Feb 24 12:42 PM

The company paid P14,398,464,316.66 in taxes in from 2016 to 2019 except for income taxes last year which will be submitted in April, said Simplicio Cabantac Jr, head of Large Tax Payers Audit Division 3 of the BIR Read more »

G20 eyes taxing tech giants in bid for $100 billion boost

Reuters
Updated as of Feb 24 09:20 AM

The Organization for Economic Cooperation and Development (OECD) is developing global rules to make digital companies pay tax where they do business, rather than where they register subsidiaries.  Read more »

BIR shuts first POGO licensee for P114 million in tax deficiencies

ABS-CBN News
Posted at Feb 21 05:41 PM

Synchronization Anywhere For You Inc (SAFYI) is the first POGO licensee or operator to be shuttered by the government for failure to pay 5 percent franchise tax due for its gross gaming receipts for the year 2019 worth P114 million, the BIR said in a statement.  Read more »

Boeing supports state tax change to avoid EU sanctions

Agence France-Presse
Posted at Feb 20 08:20 AM

US aerospace manufacturer Boeing said Wednesday it supports a tax reform in Washington state that would eliminate a tax break but defuse a long-standing dispute with the European Union. Read more »

Bloomberg's transaction tax sets stage for clash with Wall Street clients

Michelle Price and Pete Schroeder, Reuters
Posted at Feb 20 08:01 AM

Presidential candidate Michael Bloomberg's decision to back a tax on trades marks a blow for Wall Street lobbyists which had seen the moderate Democrat as a potential ally, said analysts and lobbyists.  Read more »

BIR aims to collect P2.5 trillion in 2020

ABS-CBN News
Posted at Feb 18 11:08 PM

The Department of Finance expresses worry over the potential negative impact of the novel coronavirus on the economy as it sets a more ambitious tax collection target for the year. Read more »