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Senators eye amendments to e-cigarette tax bill after Duterte bans vaping

Katrina Domingo, ABS-CBN News
Posted at Nov 20 07:06 PM

Senators on Wednesday said the chamber will have to review its bill that imposes higher taxes on alcohol and e-cigarettes after President Rodrigo Duterte banned the importation and public use vapes. Read more »

Second round of tax reforms to spur investments, says finance official

ABS-CBN News
Posted at Sep 30 11:53 AM

The second round of tax reforms, which will lover corporate duties and update tax breaks will make the Philippines more attractive to investors, Finance Undersecretary Karl Kendrick Chua says. In an interview with ANC's Headstart, Chua dispels fears the Corporate Income Tax and Incentives Rationalization or CITIRA Bill will lead to job losses. Read more »

Apple slams EU as epic court battle over tax bill begins

Catherine Kurzawa, Agence France-Presse
Posted at Sep 17 09:38 PM

The EU's tax demand, made three years ago, "defies reality and common sense," Apple's lawyer Daniel Beard told the EU's lower General Court. Read more »

Philippines can lure investors without 'forever' tax breaks: Salceda

Michelle Ong, ABS-CBN News
Posted at Sep 16 09:31 AM

Manila is the most generous in Southeast Asia in giving tax breaks, which resulted in P504.2 billion in foregone revenues in 2017, said Albay Rep. Joey Salceda, citing his own figures. Read more »

Duterte wants gross income as basis in corporate taxes

Pia Gutierrez, ABS-CBN News
Posted at Sep 12 09:53 PM

Duterte said shifting from net income to the gross income would significantly address corruption in the Bureau of Internal Revenue. Read more »

Third tax reform package hurdles House panel

RG Cruz, ABS-CBN News
Posted at Sep 11 03:00 PM

The third package of the Tax Reform for Acceleration and Inclusion or TRAIN targets real property valuation and reorganizes the Bureau of Local Government Finance. Read more »

Manila earns nearly P1.5M in first day of tax amnesty program

Katrina Domingo, ABS-CBN News
Posted at Sep 04 05:52 PM

MANILA - The capital city earned nearly P1.5 million on Tuesday, a day after it started waiving penalties for delinquent individual and corporate taxpayers. Read more »

Manila real property tax cuts to start in 2020

Katrina Domingo, ABS-CBN News
Posted at Aug 22 05:02 PM

Real property tax in the capital city will be reduced by 20 percent next year, after Mayor Isko Moreno signed Thursday an ordinance that sought to provide economic relief for Manila residents. Read more »

40 percent real estate tax cut approved in Manila, Mayor Isko says

Katrina Domingo, ABS-CBN News
Updated as of Aug 08 08:39 AM

MANILA - The city council of Manila has passed an ordinance that would cut real estate tax rates in the capital city by 40 percent in a span of 3 years, Mayor Isko Moreno said Wednesday. Read more »

Petron net income falls in first half as excise taxes bite

ABS-CBN News
Posted at Aug 06 05:51 PM

Petron disclosed on Tuesday that its net income fell "significantly" in the first half as local revenues were affected by the second round of fuel excise tax hikes.  Read more »

Mayor Isko to lower taxes in Manila

ABS-CBN News
Updated as of Jul 29 08:03 PM

MANILA - (UPDATE) Manila Mayor Isko Moreno said Monday he would soon lower taxes in the Philippines' capital city to ease the burden for residents. Read more »

Duterte signs law imposing higher taxes on cigarettes

ABS-CBN News
Updated as of Jul 26 05:13 PM

President Rodrigo Duterte has signed a law imposing higher excise taxes on tobacco products, according to Finance Secretary Carlos Dominguez. Read more »

Marcos rejects Duterte’s call for another tobacco tax hike

Katrina Domingo, ABS-CBN News
Posted at Jul 22 10:11 PM

MANILA - Senator Imee Marcos on Monday opposed President Rodrigo Duterte’s call to increase anew taxes on tobacco, one of the primary products of her home province Ilocos Norte. Read more »

Pia Cayetano to lead Senate ways and means panel

Dharel Placido, ABS-CBN News
Posted at Jul 19 09:43 PM

MANILA - Returning Sen. Pia Cayetano has agreed to lead the Senate ways and means committee, a panel in charge if tackling tax-related measures, said Senate President Vicente Sotto III. Read more »

COA: Customs officials, importer liable for P381-million tariff on 1998 sugar import

Adrian Ayalin, ABS-CBN News
Posted at Jul 17 05:11 PM

MANILA - The Commission on Audit (COA) has ruled that officials of the Bureau of Customs (BOC) in Iloilo and a sugar importation firm are liable for payment of P381.471-million tariff on raw cane sugar released through the Port of Iloilo in 1998 without duties and taxes. Read more »

COA: Ex-San Juan mayor failed to collect over P800 million in taxes from traders, residents

Adrian Ayalin, ABS-CBN News
Posted at Jul 09 04:24 PM

MANILA - The administration of former San Juan City Mayor Guia Gomez failed to collect a total of P804.613 million from Greenhills businesses and residents during her time in office, the Commission on Audit (COA) has said.  Read more »

Pay taxes, Chinese workers in PH told

Dharel Placido, ABS-CBN News
Updated as of Jul 05 10:33 AM

MANILA – Senate President Pro-Tempore Ralph Recto on Friday said Chinese workers in the Philippines must pay income taxes, as the government aims to raise revenues to fund vital programs. Read more »

Philippines to collect P2B in monthly taxes from offshore gaming

Bruce Rodriguez, ABS-CBN News
Updated as of Jul 01 05:00 PM

The government will start collecting income taxes from foreign workers in Philippine offshore gaming operators (POGO) in July, the head of President Rodrigo Duterte's economic team said on Monday. Read more »

'Performance-based, time-bound' tax breaks to stay, says trade chief

ABS-CBN News
Posted at Jul 01 11:19 AM

The proposed reduction in the corporate income tax rate to 20 percent from 30 percent will be a "big come-on" for potential investors, Lopez said. Read more »

Customs bureau records highest single payment of duties at NAIA

ABS-CBN News
Posted at Jun 02 08:27 AM

Customs officials at NAIA on Friday recorded the highest single payment of duties and taxes worth P61 million for undeclared jewelry seized from Chinese tourists. Read more »