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House committee approves bill imposing 5 percent franchise tax on POGOs

ABS-CBN News
Posted at Nov 19 01:06 AM

The taxability of Philippine offshore gaming operations is now in contention after the House Ways and Means Committee approved a bill seeking to impose a 5 percent franchise tax on the booming industry. Read more »

Finance Sec Dominguez: POGOs subject to income tax

ABS-CBN News
Posted at Nov 18 04:05 PM

Dominguez was reacting to a Philippine Star report which quoted the Office of the Solicitor General (OSG) as saying that Philippine Offshore Gaming Operations (POGOs) are not subject to local tax. Read more »

Trump asks Supreme Court to protect his tax returns

Agence France-Presse
Posted at Nov 15 02:53 PM

Donald Trump on Thursday asked the Supreme Court to bar a prosecutor from obtaining his tax returns, arguing that as president he has blanket immunity. Read more »

Rappler, Ressa seek dismissal of P70-million tax cases

Adrian Ayalin, ABS-CBN News
Posted at Nov 13 07:30 PM

MANILA - Rappler Holdings Corp. and its CEO Maria Ressa have sought the dismissal of their cases involving more than P70 million in alleged tax deficiencies pending before the Court of Tax Appeals. Read more »

'Why borrow what we won't spend?' Lacson blasts budget bloat due to 'insertions', poor planning

ABS-CBN News
Updated as of Nov 13 04:22 PM

Sen. Panfilo Lacson criticized Wednesday "insertions" made by lawmakers in the national budget that result in unused appropriations due to lack of consultation with government agencies.  Read more »

Duterte asks lawmakers: Pass alcohol, vape tax

Katrina Domingo, ABS-CBN News
Updated as of Nov 12 03:56 PM

Duterte said the tax adjustments would "address the urgent need" to fund Universal Health Care, based on a copy of the President's letter to Senate President Vicente "Tito" Sotto III. Read more »

Finance dep't says no proposal yet for tax hike on salty food

ABS-CBN News
Posted at Nov 08 05:54 PM

"...pinag-aaralan pa po (it's still being studied)," said Finance Assistant Secretary Tony Lambino. Read more »

Proposed tax hikes on alcohol, e-cigarettes expected to hurdle Senate before Christmas

ABS-CBN News
Posted at Nov 04 10:01 PM

The proposed tax hikes on alcohol and e-cigarettes are likely to sail smoothly in the Philippine Senate.  Read more »

Gov't seeks higher tax on e-cigarettes

ABS-CBN News
Posted at Nov 01 10:27 AM

Bringing the tax on vape products "to a level of parity" with cigarettes will generate P300 billion over 5 years, said Finance Assistant Secretary Tony Lambino.   Read more »

Maaalat na pagkain gustong buwisan ng DOH

ABS-CBN News
Posted at Nov 01 01:00 AM

Kagaya raw kasi ng asukal na pinatawan na ng "sin tax," nakasasama sa kalusugan ang sobrang asin sa katawan. Read more »

DOH eyes increasing taxes on salty products

Arianne Merez, ABS-CBN News
Posted at Oct 30 08:25 PM

The Department of Health said Wednesday it is mulling on proposing higher excise taxes on salty foods such as processed meat and instant noodles, to dissuade the public from eating such. Read more »

2nd tax reform, budget delay among factors behind lower growth forecasts for PH

ABS-CBN News
Posted at Oct 28 11:44 PM

Despite multiple downgrades in the Philippine growth outlook for 2019, at least one economist is optimistic the country can still reach the lower end of government's target growth range. Read more »

Tax on offshore gaming revenues a 'good idea,' says finance chief

ABS-CBN News
Posted at Oct 22 02:45 PM

The finance chief was asked to comment on the proposed franchise tax on POGOs or Philippine Offshore Gaming Operations by Albay Rep. Joey Salceda, according to Dominguez's office, which released his statement on Tuesday. Read more »

Saudi Arabia's new 100 pct shisha tax sparks fury

Agence France-Presse
Posted at Oct 22 08:27 AM

A decision to impose a 100 percent tax on bills at restaurants that serve shisha has ignited criticism on social media in Saudi Arabia, where the water pipes are a popular pastime.  Read more »

Ecozone authority readies inputs to corporate tax reform bill

Michelle Ong, ABS-CBN News
Posted at Oct 21 10:05 AM

Citing the strategy of China and Vietnam, Plaza said the Philippines should consider offering subsidies to lure "big ticket" firms. China, she said, offers rent-free land for up to 20 years. Read more »

Labor group says no other jobs for workers who might be displaced by CITIRA bill

ABS-CBN News
Posted at Oct 17 11:11 PM

The Philippines' biggest labor group warned there are no other jobs waiting for workers who may be displaced by the Corporate Income Tax and Incentives Rationalization (CITIRA) bill. Read more »

Tax bureau shuts 2 branches of POGO service provider

ABS-CBN News
Updated as of Oct 17 11:46 AM

The government is moving to enforce the law on POGOs or Philippine Offshore Gaming Operations after China complained that some of its nationals who work for such firms were victims crime and abuse. Read more »

Small, medium enterprises unsure how CITIRA bill will impact existing incentives

ABS-CBN News
Posted at Oct 17 12:15 AM

It's not just exporters and manufacturers that are worried about the effects of the second tax reform package. Read more »

Fil-Chinese businessmen urge Congress to pass CITIRA bill by year-end

ABS-CBN News
Posted at Oct 15 11:12 PM

A group of Filipino-Chinese businessmen calls for the immediate passage of the second tax reform package. Read more »

DOF thanks PEZA for supporting CITIRA bill

ABS-CBN News
Posted at Oct 15 11:09 PM

Former opponents became allies. Read more »