tax rates - updates

Rappler's latest stories on tax rates


Senate committee to probe new threat vs BPO sector

Mar 11, 2018 - 3:07 PM

This comes after a Malacañang veto effectively raised the cost of doing business in the Philippines, says Senator Paolo Benigno Aquino IV

TRAIN EFFECTS. The Senate Committee on Science and Technology is set to probe tax reform effects on the Philippine BPO sector. File photo by AFP

New tax rates don't apply to old petroleum stocks, DOE warns

Jan 01, 2018 - 4:49 PM

New excise tax rates on petroleum products are levied upon importation, not at the point of sale to the consumers

NEW TAX RATES. The implementation of excise tax and value added tax (VAT) for petroleum products under the Tax Reform for Acceleration and Inclusion Law is effective on January 1, 2018. File photo

Gov’t eyes higher taxes for 'ultra-rich' earning over P5M a year

Sep 14, 2016 - 5:24 PM

Finance Secretary Carlos Dominguez III says those earning less than P3 million a year will enjoy a tax break

HIGHER TAXES FOR THE RICH. Finance Secretary Carlos Dominguez III says the Duterte government will impose higher personal income taxes on the 'ultra-rich'

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

Senatorial bets asked: Do you support adjusting tax rates?

Apr 15, 2016 - 6:21 PM

At the 2nd Rappler senatorial debate 6 senatorial candidates explain how to reconcile adjusting tax rates with ensuring the delivery of quality social services

Business groups to next president: Grow GDP, FDIs

Feb 10, 2016 - 12:00 PM

They also want increased openness to foreign trade tax reform and a public private partnership law

WISH LIST. Representatives of the Joint Foreign Chamber of the Philippines give a preview of their recommendations to the next Philippine president. Photo by Chrisee Dela Paz/Rappler

Angara files bill pegging income tax rates to inflation

Nov 06, 2015 - 3:48 PM

The chairman of the Senate ways and means committee notes that middle income earners are now pushed into the top tax bracket at 32 together with the country s billionaires because of the outdated tax system

TOWARD REFORM. “I am still pushing for tax reform despite the clock ticking and election season fast approaching. This is not merely an economic issue or a political move. Income tax reform is an issue of social justice, fairness, and equity,” says Senator Sonny Angara.

Palace: 'No debate on need for tax reforms'

Oct 31, 2015 - 5:10 PM

Let us not mislead the public The President and his Cabinet and this government [are] in favor of reviewing the tax laws says Presidential Spokesperson Edwin Lacierda

AQUINO CABINET. President Benigno Aquino III and some Cabinet officials at the NEDA Board meeting at the Palace Aguinaldo State Dining Room on June 19, 2014. Photo by Malacañang Photo Bureau

Why PH has 2nd highest income tax in ASEAN

Oct 01, 2015 - 9:00 AM

Come ASEAN integration by yearend the Philippines will have the most uninviting tax system in the region

TO CUT OR NOT TO CUT? As the ASEAN region moves toward a borderless economic community, the Philippine will have the most uninviting tax systems among its ASEAN-6 peers should the government not implement a tax cut. Image from Shutterstock

DOF open to calls for lower income tax rates

Aug 20, 2014 - 7:45 PM

The finance secretary says the agency prefers to revisit the whole tax structure than go for a ‘disruptive’ piece meal approach

BIR files tax cases vs. Talk 'N Text stars

Mar 14, 2013 - 11:51 AM

The tax bureau says professional basketball players Jim Olmedo Alapag and Jared Ryan Dillinger of Talk ‘N Text TropangTexters failed to file their true income

BIR charges Makati Rotary Club for evading taxes

Feb 16, 2012 - 12:59 PM

The tax bureau alleges that Makati Rotary Club Foundation passed off lease income as donation