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

Tax digital services? That's part of business, says DTI chief

Arianne Merez, ABS-CBN News
Updated as of Jul 31 02:52 PM

Paying taxes is part of doing business--even if its online, Trade Secretary Ramon Lopez said Friday after a legislative panel approved a bill that seeks to impose tariffs on digital transactions.   Read more »

Komite sa Kamara inaprubahan ang pagbubuwis sa digital transactions

ABS-CBN News
Posted at Jul 29 04:23 PM

Maaari ring buwisan sa ilalim ng panukala ay ang tinatawag na digital service o anumang serbisyo na ibinibigay o sinu-subscribe-an sa internet o iba pang electronic network. Read more »

Netflix, Facebook, Google tax? House committee OKs 12 percent VAT on digital transactions

ABS-CBN News
Updated as of Jul 29 02:59 PM

Under the bill, VAT shall be imposed for online transactions including those that are "digital or electronic in nature" and those that render service "electronically." Read more »

Saudi triples VAT in unpopular virus-led austerity push

Anuj Chopra, Agence France-Presse
Posted at Jul 01 02:00 PM

Saudis braced Wednesday for a tripling in value added tax, another unpopular austerity measure after the twin shocks of coronavirus and an oil price slump triggered the kingdom's worst economic decline in decades.   Read more »

Taxman after Netflix, Amazon, not small online sellers: BIR

ABS-CBN News
Updated as of Jun 17 10:00 AM

The Philippines' effort to tax digital services will focus on the likes of Netflix, Amazon and Alibaba, not small online sellers, a revenue official said Wednesday.  Read more »

Saudi triples VAT, halts govt handouts in austerity drive

Agence France-Presse
Posted at May 11 11:34 AM

Saudi Arabia, along with other Gulf states, imposed a 5 percent tax on goods and services in 2018 in a bid to generate additional revenue. Read more »

'Sin tax' policy seeks VAT exemption for cancer, mental illness, tuberculosis drugs

Katrina Domingo, ABS-CBN News
Posted at Dec 19 11:23 AM

The so-called "sin tax" law, which will raise duties on electronic cigarettes and alcohol seeks to raise revenues for universal health care. Read more »

Senator wants electricity VAT removed to slash power rates

ABS-CBN News
Posted at Feb 10 12:39 PM

Senator Bam Aquino has filed a bill seeking to remove value-added tax (VAT) on electric distribution to lower prices of power. Read more »

Gawing VAT-free ang mga gamot kontra kanser, isinusulong

ABS-CBN News
Posted at Jan 24 02:47 AM

Pagkatapos ng VAT exemption para sa mga gamot pang-hypertension at diabetes, isinusulong naman ngayong alisan na rin ng VAT ang mga gamot para sa cancer. Read more »

DOH eyes making cancer meds VAT-free

Dharel Placido, ABS-CBN News
Updated as of Jan 16 10:26 PM

MANILA - The Department of Health is eyeing the exemption from value-added tax of cancer medicines, an official said Wednesday. Read more »

DOE confident fuel excise tax will not stoke inflation

ABS-CBN News
Posted at Jan 03 10:57 PM

The Philippine government is confident the rise of prices will be tamed in 2019. Read more »

Gamot kontra alta presyon, diabetes, at high cholesterol, VAT-free na

ABS-CBN News
Posted at Jan 03 12:27 AM

Good news sa mga bumibili ng gamot pang maintenance sa alta presyon at diabetes. Kasabay kasi sa pagpasok ng bagong taon, hindi na ito papatawan ng value added tax. Read more »

Many small drugstores fail to comply with VAT-exempt rule

ABS-CBN News
Posted at Jan 02 10:58 PM

Hundreds of maintenance medicines are now exempted from value-added tax. Read more »

'Maliliit na botika, di alam na wala nang VAT ang ilang gamot'

ABS-CBN News
Updated as of Jan 02 09:41 PM

Hinimok ng isang consumer group ang gobyerno na tiyaking naipatutupad ng mga botika ang hindi pagpataw ng value-added tax sa ilang maintenance na gamot.  Read more »

Gamot para sa diabetes, cholesterol wala nang VAT sa 2019

ABS-CBN News
Updated as of Jul 08 01:59 PM

Simula Enero 1, 2019 ay mas mura nang mabibili ang maintenance na gamot laban sa diabetes, mataas na cholesterol, at hypertension dahil hindi na ito papatawan ng VAT. Read more »

Drugs vs diabetes, hypertension VAT-free starting 2019: DOF

ABS-CBN News
Posted at Dec 28 04:59 PM

MANILA - Medicines to control diabetes, hypertension, and high-cholesterol will no longer have any Value-Added Tax (VAT) starting January 1, the Department of Finance (DOF) said. Read more »

Lowering tax better than 'inadequate' P25 minimum wage hike, says senator

ABS-CBN News
Posted at Nov 05 06:50 PM

MANILA - A senator on Monday called the P25 minimum wage hike in Metro Manila 'inadequate' as he pushed for the lowering of the Value Added Tax rate to 10 percent from the current 12 percent. Read more »

Books still VAT exempt under tax reform package, says Finance official

ABS-CBN News
Posted at Sep 25 04:13 PM

Books will remain exempt from the value added tax (VAT) under the second package of tax reforms being pushed by the government, an official of the Department of Finance said.  Read more »

Employers group suggests VAT cap, excise tax suspension on fuel

ABS-CBN News
Updated as of Jan 28 04:53 PM

The government should consider suspending the value added tax and the excise taxes on fuel amid quickening inflation, an employers' group said on Wednesday.  Read more »

VAT at biofuels, nais maalis para mapababa ang presyo ng langis

ABS-CBN News
Posted at May 29 10:39 PM

Isinusulong ng isang consumer group ang pag-alis sa value-added tax (VAT) at ang biofuels sa diesel at gasolina para mapababa ang presyo nito. Read more »