Tax & Revenue

Top Story

Tax Court orders P44-M Refund to San Miguel

MANILA, Jun 14 (PNA) - The Court of Tax Appeals (CTA) has granted a tax refund/credit of PHP44.48 million to San Miguel Brewery Inc. over excise taxes imposed on its beer products collected four years ago.

More Top Stories Read More

Other Headlines

Allocating income from Tourism Tax to the States will continue - Lim

BUKIT MERTAJAM, Jun 15 (Bernama) - Allocating income from tourism tax to the states will be continued where 50 per cent of the income would be given back to the states as promised by the government, said Finance Minister Lim Guan Eng. He said the allocation for the tourism tax in 2019 was expected to be given to every state in the first quarte ...
Date: 15 June 2019; Type: Legal News; Source: Bernama

Revised Tax Management, Public Investment Laws passed

Hanoi, Jun 13 (VNA) - Up to 91.32 percent of National Assembly deputies approved the revised Law on Tax Management during their ongoing seventh session in Hanoi on June 13.
Date: 13 June 2019; Type: Legal News; Source: Vietnam News Agency

Congress approves Higher Tax on Tobacco

MANILA, Jun 3 (PNA) - The House of Representatives on Tuesday adopted the Senate version of the measure that aims to raise the excise tax on tobacco products.
Date: 04 June 2019; Type: Legal News; Source: Philippines News Agency

Senate OKs Tobacco Tax Hike Bill with New Amendments

MANILA, Jun 4 (PNA) - The Senate approved on third and final reading a bill seeking to increase the excise tax on tobacco products after reconsidering its passage to propose new amendments.
Date: 04 June 2019; Type: Legal News; Source: Philippine News Agency

Senate okays Tobacco Tax hike Bill on Third Reading

MANILA, Jun 3 (PNA) - The Senate on Monday approved on third and final reading a measure seeking to increase the excise taxes on tobacco products in a bid to reduce smoking prevalence among Filipinos and to generate additional funding for the government's Universal Health Care program.
Date: 03 June 2019; Type: Legal News; Source: Philippine News Agency

Myanmar signs on as Observer for BRI Tax Cooperation Pact

Myanmar will sign as an observer an agreement on the establishment of the Belt and Road Initiative Tax Administration Cooperation Mechanism (BRITACOM), said Deputy Minister of Planning and Finance U Maung Maung Win.
Date: 31 May 2019; Type: Legal News; Source: Myanmar Times

IRD to introduce Income Tax Bill to Parliament

The Internal Revenue Department (IRD) drafted a new income tax law with the help of International Monetary Fund (IMF) expert, U Min Htut, director general of Internal Revenue Department (IRD), told The Myanmar Times.
Date: 30 May 2019; Type: Legal News; Source: Myanmar Times

PRRD certifies Bill seeking Higher Tobacco Excise Tax

MANILA, May 29 (PNA) - President Rodrigo R. Duterte has certified as urgent Senate Bill 2233, which seeks to increase excise taxes on tobacco products.
Date: 29 May 2019; Type: Legal News; Source: Philippine News Agency

Estate Tax Amnesty rules finalized by June

MANILA, May 27 (PNA) - The Bureau of Internal Revenue (BIR) has conducted public consultations to discuss the proposed Revenue Regulations (RR) to implement the provisions of Republic Act 11213 relative to the Estate Tax Amnesty, officials of the bureau's Public Information and Education Division said in a statement on Monday.
Date: 27 May 2019; Type: Legal News; Source: Philippines News Agency

Government issues Tax Measures to encourage Reading among Thai People

BANGKOK, May 24 (NNT) - Although a survey conducted by the National Statistical Office in 2018 found that Thai people spend up to 66 minutes per day reading, a decline from 80 minutes a day in 2015, the current length of time is not equivalent to that in more developed countries. The government thinks that using a tax measure to encourage the buyin ...
Date: 24 May 2019; Type: Legal News; Source: Thai News Agency

Advanced Income Tax on Imports, Exports reinstated after One Year

Companies involved in imports and exports will be required to pay an advanced income tax (AIT) of 2 percent from May 1, according to Notification 38/2019 issued by the Ministry of Planning and Finance on April 8. This voids a previous notification issued on January 22, 2018 exempting companies under the self-assessment system (SAS) from the 2p ...
Date: 22 May 2019; Type: Legal News; Source: Myanmar Times

Tax on Mobile Phones kicks in June 1

Starting June 1, a five percent commercial tax on mobile phones and accessories shall be collected from buyers at the time of purchase and the relevant tax stamps affixed to the receipts in accordance with the Commercial Tax Law, the Internal Revenue Department (IRD) announced earlier this month.
Date: 21 May 2019; Type: Legal News; Source: Myanmar Times

CTA stresses Discretionary Power of Revenue Agency to abate Taxes

MANILA, May 20 (PNA) - A ruling by the Court of Tax Appeals (CTA) en banc has stressed revenue officials' discretionary power to abate a tax liability under certain circumstances.
Date: 20 May 2019; Type: Legal News; Source: Philippine News Agency

Income Tax imposed According to procedures, record - IRB

JITRA, Apr 27 (Bernama) - The Inland Revenue Board (IRB) imposes income tax on each individual according to procedures and information available to the agency, said IRB’s deputy chief executive officer (Compliance), Datuk Abdul Manap Dim. He said that if taxpayers were dissatisfied with the tax imposed, they had room to protest and seek ...
Date: 27 April 2019; Type: Legal News; Source: Bernama

‘All Media Outlets must pay Tax’

Minister of Information Khieu Kanharith on Friday said Voice of America (VOA) and Radio Free Asia (RFA) would be allowed to reopen their offices only after fulfilling their tax obligations.

Government Offers Massive Tax Break to CSX Firms Double Taxation Accord set to be implemented more

Cabinet approves Tax Law changes

The Lao government will propose changes to the Law on Tax as it looks for new ways and mechanisms to collect revenue more effectively.

New Decree offers Tax Breaks for Investors in Lao SEZs Amended Law offers No Exception to VAT Charge Pay Taxes or face Closure, Thousands of Businesses warned more

Allocating income from Tourism Tax to the States will continue - Lim

BUKIT MERTAJAM, Jun 15 (Bernama) - Allocating income from tourism tax to the states will be continued where 50 per cent of the income would be given back to the states as promised by the government, said Finance Minister ...

Income Tax imposed According to procedures, record - IRB Income Tax (Deduction for Expenditure on Issuance of Retail Debenture and Retail Sukuk) Rules 2019 Income Tax (Deduction for Expenditure on Issuance of Sukuk) Rules 2019 more

Myanmar signs on as Observer for BRI Tax Cooperation Pact

Myanmar will sign as an observer an agreement on the establishment of the Belt and Road Initiative Tax Administration Cooperation Mechanism (BRITACOM), said Deputy Minister of Planning and Finance U Maung Maung Win.

IRD to introduce Income Tax Bill to Parliament Advanced Income Tax on Imports, Exports reinstated after One Year Tax on Mobile Phones kicks in June 1 more

Tax Court orders P44-M Refund to San Miguel

MANILA, Jun 14 (PNA) - The Court of Tax Appeals (CTA) has granted a tax refund/credit of PHP44.48 million to San Miguel Brewery Inc. over excise taxes imposed on its beer products collected four years ago.

Congress approves Higher Tax on Tobacco Senate OKs Tobacco Tax Hike Bill with New Amendments Senate okays Tobacco Tax hike Bill on Third Reading more

Government issues Tax Measures to encourage Reading among Thai People

BANGKOK, May 24 (NNT) - Although a survey conducted by the National Statistical Office in 2018 found that Thai people spend up to 66 minutes per day reading, a decline from 80 minutes a day in 2015, the current length of ...

Tax Refunds to only be transferred Electronically Cabinet approves Return of VAT to Consumers' Debit Accounts Finance Minister: State Welfare Card Holders given 5% VAT Refund more

INDUSTRY UPDATES

Ex-CJ speaks out against Lawyers' Tendency to seek Postponements

KUALA LUMPUR, Jun 16 (Bernama) - Former Chief Justice Tun Zaki Azmi has spoken out against the tendency by certain defence lawyers to seek postponements of cases being heard in court.

More Industry Updates Read More

INDUSTRY UPDATES

New Competition Commission already under Fire

Myanmar’s professed commitment to competition reform has come under fire after the government packed the new Competition Commission with bureaucrats serving under a minister.

More Industry Updates Read More

INDUSTRY UPDATES

NA Deputies give Opinions on Revised Labour Code

Hanoi, Jun 12 (VNA) - The revised Labour Code will the focus during the sitting of lawmakers on June 12 in the ongoing 7th session of the 14th National Assembly.

More Industry Updates Read More

INDUSTRY UPDATES

Ability to pay Taxes Online a Boon for Vietnam’s Import-Export Businesses

Hanoi, Jun 6 (VNS/VNA) - Around 99 percent of import and export tax payments in Ho Chi Minh City are made online, according to the customs department.

More Industry Updates Read More

INDUSTRY UPDATES

OWWA joins Urban Poor Caravan

MANILA, Jun 8 (PNA) - The Overseas Workers Welfare Administration (OWWA) will be joining the Presidential Commission for the Urban Poor (PCUP) caravan to inform the public of its programs on overseas employment.

More Industry Updates Read More

INDUSTRY UPDATES

Palace declares June 24 Holiday in Manila

MANILA, Jun 6 (PNA) - Malacañang has declared June 24 as a special, non-working holiday in the City of Manila in celebration of its 448th founding anniversary.

More Industry Updates Read More

INDUSTRY UPDATES

Legal Profession faces inherent Risks not Exclusive to NUPL

MANILA, Jun6 (PNA) - A state lawyer of the Office of the Solicitor General said Thursday the legal profession faces "inherent risks not exclusive to the National Union of People’s Lawyers (NUPL)".

More Industry Updates Read More

INDUSTRY UPDATES

DOJ forms Panel to probe Jacky Co Case

MANILA, Jun 6 (PNA) - A prosecution panel has been assigned for the preliminary investigation on the complaints filed against alleged Chinese drug lord Jacky Co and others implicated in the smuggling of PHP1.8 billion worth of illegal drugs into the country.

More Industry Updates Read More

INDUSTRY UPDATES

Myanmar still short of Judges, says Supreme Court

The number of judges in the country is just two thirds of the number required, according the 2018 annual report of the Union Supreme Court.

More Industry Updates Read More

INDUSTRY UPDATES

RCI on Judicial Misconduct is what People Want - Dr Mahathir

PUTRAJAYA, Jun 5 (Bernama) - The government agreed to set up a Royal Commission of Inquiry (RCI) on judicial misconduct because this is what the people want, said Prime Minister Tun Dr Mahathir Mohamad.

More Industry Updates Read More

INDUSTRY UPDATES

CJ stresses Importance of beefing up Legal Education

MANILA, Jun 3 (PNA) - Chief Justice Lucas P. Bersamin emphasized the commitment of his administration to leave no stone unturned in reforming the country's legal education system.

More Industry Updates Read More

INDUSTRY UPDATES

Double Pay for Workers on June 5

MANILA, Jun 3 (PNA) - Private sector workers, who will report to duty on Wednesday, June 5, will be paid twice their regular daily wages, the Department of Labor and Employment (DOLE) said Monday.

More Industry Updates Read More

INDUSTRY UPDATES

Complaints via Whatsapp: RTD issues More than 200 Notices

KUALA LUMPUR, June 3 (Bernama) - More than 200 notices have been issued by the Road Transport Department (RTD) as result of consumer complaints via the Whatsapp application during the three days enforcement operation, in conjunction with Adilfitri, which began on May 29.

More Industry Updates Read More

INDUSTRY UPDATES

Online Trader benefits from Industrial Revolution 4.0

KOTA BHARU, Jun 2 (Bernama) - The Industry Revolution 4.0, which is occurring all over the world, has given huge benefit to online traders in marketing their products to consumers.

More Industry Updates Read More

INDUSTRY UPDATES

Vietnam attends ASEAN Plus Three, EAS SOMs

Bangkok, May 30 (VNA) - Deputy Foreign Minister Nguyen Quoc Dung, who is head of the country’s SOM ASEAN, attended the ASEAN Plus Three SOM and East Asia Summit (EAS) SOM, which were held within the framework of the ASEAN Senior Officials' Meeting (SOM) in Bangkok on May 30.

More Industry Updates Read More

INDUSTRY UPDATES

JBC sets Public Interviews for SC Aspirants

MANILA, May 31 (PNA) - The Judicial and Bar Council (JBC) has released the schedule of the public panel interview of hopefuls vying for a Supreme Court (SC) post, to be vacated by Associate Justice Mariano del Castillo who will compulsorily retire on July 29.

More Industry Updates Read More

INDUSTRY UPDATES

Mohd Roze Shaari is New Intelligence/Operations Deputy Director

KUALA LUMPUR, June 1 (Bernama) - Bukit Aman's Criminal Investigation Department (CID) has a new Intelligence/Operations deputy director.

More Industry Updates Read More

INDUSTRY UPDATES

Give Mandatory Counselling, Community Service Sessions to Road Bullies - MCPF

KUALA LUMPUR, May 31 (Bernama) - The Malaysian Crime Prevention Foundation (MCPF) has suggested that compulsory counselling and community service sessions be meted out to individuals detained for dangerous driving and road rage.

More Industry Updates Read More