philippines - Tax & Revenue - News

DepEd backs Bill on Tax Relief to employers of ALS Learners, Grads

MANILA, Apr 3 (PNA) - The Department of Education on Wednesday lauded the bill that would give tax relief to employers who will hire graduates or participants of its Alternative Learning System (ALS).
Date: 03 April 2019; Type: Legal News; Source: Philippine News Agency

House Panel approves Tax-Free Contributions to Political Parties

The House Committee on Ways and Means chaired by Rep. Estrellita Suansing (1st Distric, Nueva Ecija) approved on Monday the tax provisions of a substitute bill, principally authored by former President and now Speaker Gloria Macapagal-Arroyo and Majority Leader Fredenil Castro, seeking to strengthen the Philippine political party system.
Date: 05 February 2019; Type: Legal News; Source: House of Representatives

Customers' Withholding Tax on Meralco Refunds cut to 15%

MANILA, Feb 4 (PNA) - Finance Secretary Carlos Dominguez III has approved a revenue regulation (RR) reducing by almost half the 25 to 32 percent creditable withholding tax on the refund due customers of the Manila Electric Company (Meralco) to a flat 15 percent as provided under the Tax Reform for Acceleration and Inclusion (TRAIN) Law.
Date: 04 February 2019; Type: Legal News; Source: Philippines News Agency

BIR Chief vows further widening of Tax Base

MANILA, Feb 1 (PNA) - Bureau of Internal Revenue (BIR) Commissioner Caesar Dulay on Friday vowed to set in motion a more stringent audit program to further improve the tax base, which grew 5 percent in 2018.
Date: 01 February 2019; Type: Industry Updates; Source: Philippines News Agency

PTA to launch iLEARN Online Training Platform

The Philippine Tax Academy (PTA) will soon launch an online training platform that would enable employees of the Department of Finance (DOF) and its attached agencies to remotely access the institution’s course offerings via the Internet.
Date: 29 January 2019; Type: Industry Updates; Source: Department of Finance

Tax Exemption for Small-Scale Gold Miners gets Senate Nod

MANILA, Jan 29 (PNA) - The Senate on Tuesday approved on third and final reading a measure seeking to boost the country's gross international reserves (GIR) by granting tax exemptions to small-scale miners who would sell their gold to the Bangko Sentral ng Pilipinas (BSP).
Date: 29 January 2019; Type: Legal News; Source: Philippines News Agency

Over 100 Medicine Brands for Treatment of Diabetes, Hypertension, High Cholesterol now cheaper under TRAIN Law

The Food and Drug Administration (FDA) has submitted to the Department of Finance (DOF) a list of over 100 medicines with their corresponding generic names and brands for the treatment and prevention of diabetes, hypertension and high-cholesterol, the sale of which are now exempted from the payment of the value-added tax (VAT) beginning Jan. 1 as p ...
Date: 13 January 2019; Type: Industry Updates; Source: Department of Finance

Tax Academy eyeing Campuses in Tagaytay, New Clark City

The Department of Finance (DOF) is planning to set up permanent campuses of the Philippine Tax Academy (PTA) in Tagaytay City in Cavite and New Clark City at the Clark Special Economic Zone in Pampanga.
Date: 13 January 2019; Type: Industry Updates; Source: Department of Finance

Excise Tax Hike on Alcohol, Tobacco Bills certified as urgent

MANILA, Jan 9 (PNA) - President Rodrigo R. Duterte agreed to certify as urgent two measures meant to raise excise tax on alcohol and tobacco products to fund the government’s Universal Health Care (UHC) program.
Date: 09 January 2019; Type: Legal News; Source: Philippine News Agency

House approves More Benefits for Employees from Service Charge Collection

Employees of hotels, restaurants and similar establishments may soon receive a bigger share in the service charge collection, giving more benefit to the workers.
Date: 01 January 2019; Type: Legal News; Source: House of Representatives

DOE rolls out Guidelines for Oil Tax Hike Implementation

MANILA, Jan 3 (PNA) - The Department of Energy (DOE) said it will implement measures to ensure that the second tranche of excise tax hike on fuel products will be correctly implemented.
Date: 03 January 2019; Type: Legal News; Source: Philippine News Agency

DOE ready to implement Second Tranche of Oil Excise Tax Hike

MANILA, Dec 27 (PNA) - The Department of Energy (DOE) said that it is prepared to implement the second increase in oil excise taxes next year, which is called for under the Tax Reform for Acceleration and Inclusion (TRAIN) law. Under the TRAIN law, the government will impose PHP2-per-liter excise tax on diesel and gasoline products and PHP1 pe ...
Date: 27 December 2018; Type: Legal News; Source: Philippine News Agency

Senate ratifies Tax Amnesty Bill

MANILA, Dec 13 (PNA) - The Senate on Thursday ratified the bicameral conference committee report on the bill granting a one-time opportunity to those who have failed to pay their tax obligations for taxable year 2017 and prior years - including estate taxes, general taxes and delinquent accounts - to settle their liabilities.
Date: 13 December 2018; Type: Legal News; Source: Philippine News Agency

SC affirms junking of Tax Raps vs Mikey Arroyo

MANILA, Dec 5 (PNA) - The Supreme Court (SC) upheld the dismissal of tax cases filed against former party-list representative Juan Miguel M. Arroyo.
Date: 05 December 2018; Type: Legal News; Source: Philippine News Agency

SC affirms BIR's Higher Tax Rates on Non-life Insurers

MANILA, Dec 4 (PNA) - The Supreme Court (SC) upheld the legality of the Bureau of Internal Revenue's (BIR) move to impose higher tax rates on non-life insurance companies compared to life insurance firms.
Date: 04 December 2018; Type: Legal News; Source: Philippine News Agency

Tax Reform Package Four OK'd on Final Reading at House

MANILA, Dec 3 (PNA) - The Duterte administration's fourth Comprehensive Tax Reform Program (CTRP) primarily intended to fix taxation in the financial and capital markets hurdled third and final reading at the House of Representatives.
Date: 03 December 2018; Type: Legal News; Source: Philippine News Agency

Bills on Higher Tobacco, Alcohol Taxes get Final House Nod

MANILA, Dec 3 (PNA) - The House of Representatives on Monday night approved on third and final reading two measures seeking to raise the excise taxes on alcohol and tobacco products to significantly curb consumption of both sin products and increase funding for the government's Universal Health Care (UHC) program.
Date: 03 December 2018; Type: Legal News; Source: Philippine News Agency

Tobacco Tax Hike breezes through Second Reading in House

MANILA, Nov 28 (PNA) - The House of Representatives on Wednesday approved on second reading a measure seeking to increase the excise taxes on tobacco products.
Date: 28 November 2018; Type: Legal News; Source: Philippine News Agency

House Panel moves for higher Cigarette Taxes

MANILA, Nov 27 (PNA) - The House of Representatives’ ways and means committee on Tuesday approved a measure seeking to increase the excise taxes on tobacco products.
Date: 27 November 2018; Type: Legal News; Source: Philippine News Agency

Bill on higher Alcohol Taxes gains Traction in House

MANILA, Nov 26 (PNA) - A measure seeking to raise the excise tax on alcohol products hurdled second reading at the House of Representatives.
Date: 26 November 2018; Type: Legal News; Source: Philippine News Agency

INDUSTRY UPDATES

Palace suspends Government Work for Holy Week Exodus

MANILA, Apr 17 (PNA) - Malacañang suspended work on Wednesday (April 17), 12 noon onwards, to allow government employees to travel to their respective regions in time for the observance of Maundy Thursday (April 18) and Good Friday (April 19).

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INDUSTRY UPDATES

JBC asks Applicant to comment on Gadon Opposition

MANILA, Apr 16 (PNA) - The Judicial and Bar Council (JBC) has asked an applicant for a vacancy in the Court of Tax Appeals (CTA) to comment on an opposition to her appointment filed last month by senatorial candidate and lawyer, Lorenzo "Larry" Gadon.

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INDUSTRY UPDATES

PCC approves Ayala-PHINMA Energy Deal

MANILA, Apr 15 (PNA) - The Philippine Competition Commission (PCC) has approved the acquisition of the majority stake in PHINMA Energy by Ayala Corporation’s power branch, AC Energy.

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INDUSTRY UPDATES

8,254 Workers Re-employed after getting Assistance from ESO

KUALA LUMPUR, Apr 16 (Bernama) - A total of 8,254 unemployed workers have been re-employed after receiving assistance from the employment service officers (ESOs) since the Re-Employment Placement Programme for Employment Insurance System (EIS) commenced in August 2018.

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Two Indonesians fined RM100,000 for Possessing Illicit Cigarettes

KLANG, Apr 16 (Bernama) - Two Indonesian retail shop workers were fined RM100,000 by the Magistrate Court here today after pleading guilty to possessing 854 packs of illegal cigarettes of various brands valued at RM1,668.56.

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INDUSTRY UPDATES

"Go to the Mosque, get Closer to God," Judge advises Robber

IPOH, Apr 16 (Bernama) - "Go to the mosque, get closer to God, be a good person and stop taking drugs," Sessions Court judge Azman Abu Hassan told a palm oil fruit collector.

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INDUSTRY UPDATES

Fake News Bill: Law Society refutes Online Flak over Alleged Silence

Law Society president Gregory Vijayendran said that the organization will share their views over the draft Protection from Online Falsehoods and Manipulation Act privately with policymakers, and has refuted online flak about its so-called "deafening silence".

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INDUSTRY UPDATES

SC suspends Work in Courts for Holy Week

MANILA, Apr 15 (PNA) - The Supreme Court (SC) on Monday announced its modified work schedule for the Holy Week, starting with a half-day work on Wednesday.

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INDUSTRY UPDATES

Fourth 'Justice Zone' opens in Pampanga

MANILA, Apr 13 (PNA) - The fourth Justice Zone in the country has been formally opened in Angeles, Pampanga by the Justice Sector Coordinating Council (JSCC).

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INDUSTRY UPDATES

Indonesia Industrial Summit to be held on April 15-16

Jakarta, April 13 (ANTARA) - The Industry Ministry will organize the 2019 Indonesia Industrial Summit (IIS) themed "Implementation of Making Indonesia 4.0 Toward Top Ten Global Economies", in ICE BSD, Tangerang, Banten Province, on April 15 and 16.

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INDUSTRY UPDATES

200 Lawyers gather in Kuala Lumpur for TerraLex

KUALA LUMPUR, Apr 13 (Bernama) - A total of 200 lawyers from 50 countries have gathered here for the TerraLex Global Meeting to discuss a wide variety of legal and economic issues impacting Malaysia.

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INDUSTRY UPDATES

Chief Justice pens Touching Farewell to Colleagues

PUTRAJAYA, Apr 13 (Bernama) - "All I ask from you is to protect the judiciary no matter what others may say," said Tan Sri Richard Malanjum in his farewell message to the judges, officers and employees of the judiciary upon his retirement yesterday.

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Chief Justice Richard Malanjum retires

PUTRAJAYA, Apr 12 (Bernama) - Chief Justice Tan Sri Richard Malanjum retires today after serving 27 years in the judiciary.

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INDUSTRY UPDATES

SC launches New Public-Friendly Website

BAGUIO CITY, Apr 11 (PNA) - Supreme Court Chief Justice Lucas Bersamin on Thursday launched the High Court's new and improved website, which includes a court locator directory for lower courts and an e-library of the tribunal's decisions and resolutions.

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INDUSTRY UPDATES

Appointment of Suhakam Commissioner for Children to be announced this Month

KUALA LUMPUR, Apr 11 (Bernama) - The Legal Affairs Division in the Prime Minister's Department is expected to announce the appointment of a Suhakam (Human Rights Commission of Malaysia) commissioner for the portfolio of children this month.

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INDUSTRY UPDATES

Proposed Amendment to Constitution not done in haste - Liew

KUALA LUMPUR, Apr 10 (Bernama) - Minister in the Prime Minister's Department Datuk Liew Vui Keong today brushed off claims that the proposed amendment to Article 1(2) of the Federal Constitution was done in haste, saying the MPs from Sabah and Sarawak were given ample time to deliberate the matter.

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INDUSTRY UPDATES

Re-tabling of Amendment Bill depends on Needs - Dr Mahathir

KUALA LUMPUR, Apr 10 (Bernama) - Prime Minister Tun Dr Mahathir Mohamad said re-tabling of the bill to amend the Federal Constitution to give Sabah and Sarawak equal status with Peninsular Malaysia, which failed to get two-thirds majority support in the Dewan Rakyat yesterday, would depend on needs.

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Hearing of Najib's Appeal to disqualify Gopal Sri Ram as Prosecutor Rescheduled to April 23

PUTRAJAYA, Apr 10 (Bernama) - The Court of Appeal has rescheduled to April 23 to hear Datuk Seri Najib Tun Razak's appeal against a High Court's dismissal of his application to disqualify former Federal Court judge Datuk Seri Gopal Sri Ram from leading the prosecution team in his 1Malaysia Development Bhd (1MDB) cases.

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