News Articles on {?keyword?} | ABS-CBN News

Pharmally execs 'overpayment' in taxes 'preposterous': Drilon

ABS-CBN News
Updated as of Nov 29 11:19 AM

Pharmally officials' claim of overpayment in taxes is "preposterous," Senate Minority Leader Franklin Drilon said Monday. Read more »

'Unbelievable': Henares on Pharmally exec's low taxes

Benise Balaoing, ABS-CBN News
Posted at Oct 29 12:49 PM

How can a person who purchased a Lamborghini Urus worth P25 million pay only P97,241 in income tax? Read more »

Pharmally execs failed to pay taxes, Senate probe shows

Job Manahan and Sherrie Ann Torres, ABS-CBN News
Updated as of Oct 29 12:06 AM

Based on Senate Minority Leader Franklin Drilon's presentation, most of the income tax returns were not filed, unreadable, or even incomplete. Read more »

Egypt to tax social media stars

Agence France-Presse
Updated as of Sep 27 11:43 AM

CAIRO - Egypt said it will tax social media content creators in a revenue raising exercise as more citizens look to online platforms to make a living. Read more »

Palace checking if POGOs owe gov't P1.36-B

ABS-CBN News
Posted at Sep 07 04:21 PM

Malacañang said it would check whether or not Philippine Offshore Gaming Operations (POGOs) owed government about P1.36 billion. Read more »

BIR tells Axie Infinity players to pay taxes

ABS-CBN News
Updated as of Aug 24 06:27 PM

The Bureau of Internal Revenue said on Tuesday that income from playing online games like Axie Infinity can be taxed. Read more »

House OKs tax exemption for poll workers' pay

RG Cruz, ABS-CBN News
Posted at Aug 23 06:16 PM

The House of Representatives approved a proposal exempting the honoraria and allowances of election workers from income taxes. Read more »

Pasig City collected 78 pct of target 2021 tax revenue in 6 months: mayor

Katrina Domingo, ABS-CBN News
Posted at Jul 02 10:07 PM

Pasig City Mayor Vico Sotto on Friday said the local government has already collected 78 percent of its target tax collections in 2021 in just 6 months. Read more »

Palace backs tax hike on private schools

ABS-CBN News
Posted at Jun 10 05:58 PM

Malacañang said on Thursday it supports a a new regulation by the Bureau of Internal Revenue that raises the income tax of private educational institutions by 150 percent. Read more »

Private schools ask court to halt tax hike

Jaehwa Bernardo, ABS-CBN News
Updated as of Jun 09 04:12 PM

MANILA — A group of private schools has asked the Court of Tax Appeals to stop the implementation of a new regulation by the Bureau of Internal Revenue that raises the income tax of private educational institutions by 150 percent. Read more »

Bezos, Musk and other billionaires avoid US income taxes: report

Agence France-Presse
Updated as of Jun 09 07:39 AM

Some of the richest Americans "pay little in income tax compared to their massive wealth -- sometimes, even nothing," said ProPublica. Read more »

EXPLAINER: What is a global minimum tax and what will it mean?

Leigh Thomas and David Lawder, Reuters
Posted at Jun 06 07:52 AM

Such a deal aims to end what US Treasury Secretary Janet Yellen has called a "30-year race to the bottom on corporate tax rates" as countries compete to lure multinationals.   Read more »

Biden pushes 17 years of free school, asks companies and wealthy to pay 'fair share'

Jeff Mason, Reuters
Posted at May 04 09:00 AM

NORFOLK, Virginia - President Joe Biden on Monday called on wealthy Americans and corporations to pay their "fair share" to fund free community college and other benefits for workers as he promoted his sweeping jobs and safety-net plans in Virginia. Read more »

China 'closing in fast,' Biden warns Congress, as he asks for trillions in spending

Trevor Hunnicutt and Susan Cornwell, Reuters
Posted at Apr 29 11:26 AM

WASHINGTON - President Joe Biden declared on Wednesday that the United States is "on the move again" 100 days after he took office, in a speech to a joint session of Congress that he used to promote a $1.8 trillion plan he said is needed to compete with China. Read more »

Anti-red tape body orders LGUs to stop collecting pass-thru fees

Bruce Rodriguez, ABS-CBN News
Posted at Apr 28 06:33 PM

ARTA issued a joint memorandum with the DOF and DILG telling LGUs to stop collecting fees and taxes from vehicles transporting goods. Read more »

Senate adopts resolution urging Duterte to recall order cutting pork tariff

Katrina Domingo, ABS-CBN News
Posted at Apr 15 02:37 PM

Several senators on Thursday filed a resolution seeking to revoke President Rodrigo Duterte's order to reduce tariffs for imported pork to protect local hog raisers from bankruptcy. Read more »

Philippines to lose P3.6B in revenue due to reduced tariff for imported pork: Lacson

Katrina Domingo, ABS-CBN News
Updated as of Apr 12 12:37 PM

The Philippines may lose at least P3.6 billion in potential revenue should the government proceed with its plan to reduce imported pork tariffs this year, a senator said Monday as the Senate began reviewing the policy that would allegedly hit local hog raisers. Read more »

BIR to allow taxpayers to file 'anywhere' amid COVID-19 surge

ABS-CBN News
Posted at Mar 29 10:03 PM

The Bureau of Internal Revenue (BIR) on Monday said taxpayers can file returns and pay taxes outside the Revenue District Office where they are registered from March 22 to April 30.    Read more »

Dominguez: Government loans weren't just for COVID-19 vaccines

John Gabriel Agcaoili, ABS-CBN News
Posted at Mar 22 11:29 PM

MANILA - Finance Sec. Carlos "Sonny" Domínguez III said Monday the loans which the Philippines took since 2020 were not only used for acquiring COVID-19 vaccines but also for other expenditures, such as paying other loans and government projects. Read more »

Bicam approves CREATE bill which lowers corporate income taxes

Reuters
Updated as of Feb 02 12:16 AM

MANILA (UPDATED) - A joint Philippine congressional panel approved on Monday a bill that will reduce the rate of corporate income tax in a bid to attract more foreign investment and help the coronavirus-hit Southeast Asian economy recover. Read more »