News

Electronics manufacturers 'willing to live with' 10 pct income tax

Michelle Ong, ABS-CBN News
Posted at Jun 13 02:35 PM

Electronics manufacturers are "willing to live with" a 10-percent corporate income tax rate instead of 15 percent as proposed by the government under the second tranche of reforms, an industry group said Wednesday. Read more »

'Dagdag sa take-home pay sa TRAIN, di ramdam dahil sa dagdag-presyo'

ABS-CBN News
Updated as of Jun 08 12:18 AM

Para sa ilang empleyado, di nila ramdam ang dagdag take-home pay dahil bumigat din ang kanilang gastusin. Read more »

OPINION/SATIRE: Technocrat worried economic policies don't oppress the poor enough

Alan Robles -- Hot Manila
Posted at Jun 02 04:57 PM

A government technocrat said recently he was "very worried" that economic policies are not hurting the poor enough. Read more »

'Junk TRAIN law'

Mark Demayo, ABS-CBN News
Posted at Jun 02 12:39 AM

Activists gather signatures from market-goers and vendors at the Commonwealth Market in Quezon City to petition for the junking of the Tax Reform Acceleration and Inclusion (TRAIN) law on Friday. They called for the junking of the TRAIN law amid the rising prices of fuel and basic goods. Read more »

Duterte nixes tax reform suspension

Dharel Placido, ABS-CBN News
Posted at May 31 02:38 AM

MANILA - President Rodrigo Duterte on Wednesday seemed cool to the idea of suspending the government’s tax reform program, saying his administration needs revenues to fund its projects.   Read more »

TRAIN package 2 may be a 'game changer', analyst says

ABS-CBN News
Posted at May 30 01:04 AM

Supporters of the TRAIN package 2 are expressing fears that mounting dissatisfaction against package 1 will derail the passage of the second tax reform.  Read more »

Tax reform suspension may hurt poor more: economist

Michelle Ong, ABS-CBN News
Posted at May 28 02:00 PM

Suspending the first tranche of tax reforms could end up hurting the poor since this would limit government funding for social services, an economist said Monday. Read more »

TRAIN suspension to 'disrupt the tempo' of reforms: Pernia

Michelle Ong, ABS-CBN News
Posted at May 17 12:19 PM

Stopping certain provisions of the first tranche of tax reforms will "disrupt the tempo" of the broader effort, Socioeconomic Planning Secretary Ernesto Pernia said Thursday. Read more »

Some foreign businessmen back suspension of fuel tax: ECCP

ABS-CBN News
Posted at May 16 05:12 PM

Some foreign investors are in favor of suspending the excise taxes on fuel implemented under the new tax reform law to review its impact on basic goods amid rising inflation, the head of a European trade group said on Wednesday.   Read more »

Bam Aquino wants tax reforms frozen, fuel excise taxes amended

ABS-CBN News
Posted at May 10 07:01 PM

MANILA - Senator Bam Aquino on Thursday called for the suspension of the new tax reform law and amendments to its provision on fuel excise taxes.  Read more »

Teachers: No taxes on poll honorarium

Jonathan Cellona, ABS-CBN News
Posted at Apr 30 04:23 PM

Members of the Alliance of Concerned Teachers (ACT) hold a protest in front of the Bureau of Internal Revenue (BIR) in Quezon City, Monday.  Read more »

On the last day of ITR filing....

Jonathan Cellona, ABS-CBN News
Posted at Apr 16 08:07 PM

A woman sorts through forms as she gets ready to file her income tax return on Monday, the last day for filing at the Bureau of Internal Revenue (BIR) tax-filing center at the Fisher Mall in Quezon City.  Read more »

Deadline sa paghahain ng income tax, nausog sa April 16

ABS-CBN News
Posted at Apr 10 10:39 PM

Umaapela ang BIR na huwag magpa-"last minute" sa paghahain ng income tax. Read more »

How to pay taxes online

Katrina Domingo, ABS-CBN News
Updated as of Apr 05 09:25 AM

Filipinos can now skip queues at the Bureau of Internal Revenue (BIR) as the tax collection agency opened online payment channels for taxpayers. Read more »

Multinational companies to grapple with second tax reform package

ABS-CBN News
Posted at Mar 29 12:11 AM

The finance department is not budging, even as the BPO sector continues to lobby for the retention of tax perks awarded to multinational companies.  Read more »

Gordon claims over P420-B of Customs taxes uncollected from 2012-2016

ABS-CBN News
Posted at Mar 21 12:00 AM

The government may be able to collect more from the Bureau of Customs, as Senator Richard Gordon asserts, billions of pesos are lost from the under-reporting of imports into the country.  Read more »

7-Eleven, small stores report sales hit due to sugary drinks tax

Warren de Guzman, ABS-CBN News
Posted at Mar 19 04:08 PM

Higher excise taxes on sugar-sweetened drinks reduced soft drink sales at 7-Eleven stores in the Philippines by around 10 percent, its operator said Monday. Read more »

Why Pacquiao wants to chart own course at this point of his boxing career

ABS-CBN News
Posted at Mar 11 05:08 AM

Pacquiao would rather go on his own, giving him freedom to pick and choose his opponents, than work with Bob Arum, who Pacquiao's camp says can't get the fights the boxer wants. Read more »

'Moderate' inflation no cause for concern: finance official

Michelle Ong, ABS-CBN News
Posted at Feb 27 11:57 AM

Inflation is "moderate" and the impact of higher taxes on consumer prices should not be a cause for concern, a finance official said Tuesday. Read more »

Church at Jesus's traditional burial site closed for second day

Agence France-Presse
Posted at Feb 26 04:36 PM

Jerusalem's Church of the Holy Sepulchre, built at the site where Christians believe Jesus was buried, remained closed on Monday in protest at Israeli tax measures and a proposed property law. Read more »