corporate income tax - updates

Rappler's latest stories on corporate income tax

ARTICLE FINDER

PEZA asks Senate to delay Citira passage amid coronavirus crisis

Mar 09, 2020 - 5:00 PM

With the coronavirus crisis, Philippine Economic Zone Authority chief Charito Plaza finds an opening to appeal against the Citira bill anew

DELAY. PEZA Director General Charito Plaza speaks at the Senate hearing on the economic impact of coronavirus to the ecozones. Screengrab from Senate of the Philippines' Youtube

Bill lowering corporate tax moves to Senate plenary

Feb 19, 2020 - 9:05 PM

The Department of Finance hopes Citira will hurdle the Senate before Congress goes on break by March 14

TAX REFORM. Workers in a manufacturing plant. Shutterstock photo

TUCP fears job losses under Citira bill

Oct 13, 2019 - 3:50 PM

The Trade Union Congress of the Philippines urges government agencies to put in place a 'genuine transition program' for displaced workers before Citira's implementation – not after

JOB LOSS? Citing estimates by business groups, labor group Trade Union Congress of the Philippines says some 700,000 workers may lose their jobs with the passage of the Citira bill. File photos by AFP

In a twist, PEZA now supports Citira bill

Oct 09, 2019 - 5:10 PM

The Philippine Economic Zone Authority Board changes its tune after a 'cordial' meeting and now backs the bill seeking to rationalize tax perks

Pia Cayetano seeks 'sweet spot' for Citira bill

Sep 17, 2019 - 8:05 PM

Senate ways and means committee chairperson Pia Cayetano plays coy on the bill seeking to change the current fiscal incentives regime, but quips that like love, 'wala ring forever'

House passes Citira bill on 3rd reading

Sep 13, 2019 - 3:22 PM

A total of 170 members of the House of Representatives vote in favor of the Duterte administration's 2nd tax reform package

[ANALYSIS] Will Duterte’s new tax measure kill foreign investments?

Sep 12, 2019 - 5:00 PM

Many other things could make or break our country’s attractiveness to investors. Citira's stricter investment incentives may be the least of our worries.

'Noisy naysayers' vs Citira bill proven wrong by numbers, says DOF

Sep 11, 2019 - 3:10 PM

Finance Undersecretary Karl Chua says the surge in investment pledges in the 1st half of 2019 refutes claims of critics of the proposed Corporate Income Tax and Incentive Rationalization Act

Finance Undersecretary Karl Kendrick Chua says naysayers of the Citira bill are proven wrong by numbers. Photo by Angie de Silva/Rappler

2nd tax reform package renamed Citira, hurdles 2nd reading in House

Sep 09, 2019 - 7:32 PM

The House of Representatives approves the Corporate Income Tax and Incentive Rationalization Act (Citira) on 2nd reading

PEZA urges Congress not to 'tinker' with tax perks for investors

Sep 02, 2019 - 5:50 PM

PEZA Director General Charito Plaza says the current incentives are already 'globally competitive' and could help the Philippines attract investors as companies avoid the US-China trade war

#AskTheTaxWhiz: Income tax return filing for corporations

Apr 03, 2019 - 6:55 PM

The Philippine Tax Whiz discusses the new forms for corporations and when they should file their income tax returns

COA defies 3 admins: Contractors should pay P146B Malampaya tax

May 16, 2018 - 4:32 PM

Shell, Chevron and Philippine National Oil Company-Exploration Corporation (PNOC-EC), or collectively known as the Malampaya Consortium, were allowed not to pay P146.7 billion in income taxes by Presidents Arroyo, Aquino and Duterte

RUNNING OUT. Gas from the Malampaya project is expected to run out in a decade prompting firms to contemplate alternative sources. File photo from Sembcorp Marine website

Quimbo wants to lower corporate income tax to 25%

Aug 04, 2016 - 11:46 AM

Deputy Speaker Miro Quimbo also authors a measure seeking to adjust individual income tax to inflation

LOWER TAXES. Deputy House Speaker Miro Quimbo files bills seeking to lower personal income and corporate taxes. Photo by Mara Cepeda/Rappler

PH tax system turns off foreign investors – Binay

Oct 07, 2015 - 5:52 PM

The Vice President says lower income tax rates will draw more foreign investments resulting in more jobs for the people and more revenues for the government

Beverage makers: Soft drink tax to 'burden' consumers, economy

Jun 19, 2015 - 7:31 PM

The Beverage Industry Association of the Philippines cites 4 reasons why it believes the proposed tax measure would be counterproductive

Pagcor cuts casino license fees in Entertainment City

May 12, 2014 - 4:18 PM

The regulator agrees to reduce the fees to address concerns raised by casino operators against a BIR ruling on corporate income tax

'INCOME TAX DAMPENS GAMING INDUSTRY.' Pagcor to appeal BIR's decision to slap it with corporate income tax. Photo by Aya Lowe/Rappler