Rappler's latest stories on income tax
BIR extends tax filing deadline to May 15
The Bureau of Internal Revenue says the extension will lead to a shortfall in tax collections of around P145 billion
Lawmakers ask DOF, BIR: Don’t be ‘heartless,' extend tax filing deadline
'Hindi kami nanghihingi ng pera. Magbabayad kami ng buwis. Pero huwag mo naman sabihin sa amin na magbayad kami 2 araw matapos ang quarantine na in-impose niyo,' says Congressman Joey Salceda
Territorial dispute: Pia Cayetano fumes over Marcos tackling Citira at committee hearing
'Please don’t try to mediate,' Senator Pia Cayetano, chair of the ways and means committee, tells fellow senators. 'Resolve the jurisdictional issue.'
Duterte certifies Citira bill as urgent
President Rodrigo Duterte's certification allows the Senate to pass the bill on 2nd and 3rd readings on the same day
PEZA asks Senate to delay Citira passage amid coronavirus crisis
With the coronavirus crisis, Philippine Economic Zone Authority chief Charito Plaza finds an opening to appeal against the Citira bill anew
Bill lowering corporate tax moves to Senate plenary
The Department of Finance hopes Citira will hurdle the Senate before Congress goes on break by March 14
[ANALYSIS | Point of Law] A correct move for our stock market?
The proposed Passive Income and Financial Intermediary Taxation Act appears unsound, and Congress may want to rethink it before it's too late
TUCP fears job losses under Citira bill
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
In a twist, PEZA now supports Citira bill
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
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
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?
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
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
2nd tax reform package renamed Citira, hurdles 2nd reading in House
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
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: Computing tax for mixed income earners
The Philippine Tax Whiz talks about mixed income earners and how they are taxed
#AskTheTaxWhiz: What are the quarterly income tax returns?
The Philippine Tax Whiz discusses why the 1st quarter ITR is important
#AskTheTaxWhiz: I missed the ITR filing deadline! What do I do next?
The Philippine Tax Whiz discusses what to do next if you missed the April 15 deadline for filing income tax returns
BIR's April 15 deadline stays, no extension for taxpayers
The deadline for filing income tax returns is Monday, April 15. Those who will not be able to pay on Monday will face penalties.
#AskTheTaxWhiz: Taking on the #April15Challenge
The Philippine Tax Whiz tells taxpayers what they need to know about filing income tax returns, which are due on Monday, April 15
#AskTheTaxWhiz: How do I file my returns and pay my taxes?
The Philippine Tax Whiz discusses the different methods for filing returns and paying taxes
#AskTheTaxWhiz: Income tax return filing for corporations
The Philippine Tax Whiz discusses the new forms for corporations and when they should file their income tax returns
#AskTheTaxWhiz: Should I use BIR Form No. 1701 or 1701A?
The Philippine Tax Whiz discusses when to use the new BIR Form Nos. 1701 and 1701A
#AskTheTaxWhiz: Income tax return for employees
Who are qualified for substituted filing? Find out from the Philippine Tax Whiz!
#AskTheTaxWhiz: Filing ITRs for individuals
The Philippine Tax Whiz discusses the new Bureau of Internal Revenue form for individuals' income tax returns
#AskTheTaxWhiz: Do candidates pay taxes for campaign expenses?
The Philippine Tax Whiz tells us when political contributions and campaign expenses are taxable
How damaged assets can reduce your income tax
Our tax laws allow casualty losses to be claimed as deduction for income tax purposes
COA defies 3 admins: Contractors should pay P146B Malampaya tax
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
#AskTheTaxWhiz: ITR filing deadline in April 2018 and more
The Philippine Tax Whiz answers taxpayers' key questions on the filing of annual income tax returns
BIR on Sereno, Duque confirmation, NFA rice shortage | Evening wRap
Watch the evening newscast with Marguerite de Leon
Tax calculator: Compute your new income tax
Here's a step-by-step guide to compute for your new income tax under the tax reform law
#AskTheTaxWhiz: Have you received your ITR?
The Philippine Tax Whiz reminds employers that they should release BIR Form 2316 to employees by Wednesday, January 31
Higher fuel prices in 2018? Fill your tanks now, says Andanar
Palace Communications Secretary Martin Andanar reiterates that under the new tax law, 99% of taxpayers will pay lower income tax
Higher take-home pay but pricier cars, fuel, tobacco by 2018
The Senate and the House of Representatives are set to ratify their reconciled version on Tuesday, December 12, before sending it to President Rodrigo Duterte for signing into law
Senate approves tax reform bill on final reading
Senate Minority Leader Franklin Drilon expects a difficult time in the bicameral conference committee due to polarizing provisions in the Senate and House versions
Senate OKs P250K annual income tax exemption
The Senate follows the version of the Department of Finance and House of Representatives
Taguiwalo: CA rejection due to my fight vs pork barrel, tax reform
‘I have served the people well. I gave my all, and I’m proud to say that my integrity is intact,’ says the social welfare secretary
How will the proposed tax reform package affect Filipinos?
Take a look at how the Duterte administration s proposed tax reform package will affect your take home pay and the prices of commodities
INFOGRAPHIC: How tax reform hits your favorite drinks
The Philippine Chamber of Food Manufacturers says the excise tax on sugar sweetened beverages in the proposed tax reform package is the highest in the world
No tax for Filipinos earning P21,000 or below monthly under revised DOF proposal
For instance a call center agent who earns P21 000 a month with a gross income of P273 000 inclusive of the 13th month pay and other benefits will still fall under the zero tax bracket
#AskTheTaxWhiz: All about filing income tax returns
The Philippine Tax Whiz answers taxpayers key questions and reminds the public that the deadline has been moved from April 15 to April 17
FAST FACTS: Avoiding double taxation for nonresidents
The Philippines is currently a signatory to 41 tax treaties that address double taxation situations
FAST FACTS: Time to pay taxes, what should you know?
As we approach the tax month of April check if you know enough about the Philippine tax landscape
Low-income earners shoulder 72% of tax burden – DOF
High income earners shoulder only 28 4 of the tax burden and it has a bigger gap between the taxes they owe government and the amount actually collected from them
#AskTheTaxWhiz: Is the proposed tax reform package really pro-poor?
The Philippine Tax Whiz shares what the public must know about the Tax Reform for Acceleration and Inclusion TRAIN bill
Duterte's tax reform: More take-home pay, higher fuel and auto taxes
The government also seeks the removal of VAT exemptions except those covering senior citizens and persons with disablity to counter loss in revenue
India to halve basic rate of income tax – minister
UPDATED Finance Minister Jaitley: I propose to reduce existing rate for income to 5 from 10
Gov't backtracks, keeps tax-free 13th month pay in new proposal
Under the new Department of Finance proposal people earning P250 000 and below a year will no longer be taxed in addition to the P82 000 ceiling of 13th month pay
Higher fuel excise tax means more funds for social services – lawmaker
The tax reform proposal also aims to reduce poverty incidence from 21 6 to 14 by 2022
DOF eyeing tax exemption for annual income below P250,000
Marikina 2nd District Representative Miro Quimbo says this proposal is already a great victory for tax reform advocates