Rappler's latest stories on tax reforms
NEDA Acting Secretary Karl Chua says the comprehensive tax reform measures pending at the Senate should be passed to support the coronavirus war chest. But these reforms will not increase government revenue.
'Please don’t try to mediate,' Senator Pia Cayetano, chair of the ways and means committee, tells fellow senators. 'Resolve the jurisdictional issue.'
President Rodrigo Duterte's certification allows the Senate to pass the bill on 2nd and 3rd readings on the same day
With the coronavirus crisis, Philippine Economic Zone Authority chief Charito Plaza finds an opening to appeal against the Citira bill anew
The Department of Finance hopes Citira will hurdle the Senate before Congress goes on break by March 14
The final increase in excise tax under the TRAIN law can only be imposed on new stocks acquired in 2020, not on oil produced or imported in 2019
Under the final tranche, excise tax for gasoline and kerosene will increase by P1 per liter, while diesel prices will go up by P1.50
The Department of Energy says oil companies may face large-scale estafa charges if they slap the TRAIN law's new taxes on old stocks in 2020
Voting on 2nd reading, lawmakers give their nod to the 3rd package under the Duterte government's Comprehensive Tax Reform Program
The Philippine Economic Zone Authority Board changes its tune after a 'cordial' meeting and now backs the bill seeking to rationalize tax perks
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'
A total of 170 members of the House of Representatives vote in favor of the Duterte administration's 2nd tax reform package
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.
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
But Gabriela Representative Arlene Brosas says the Pifita bill 'grossly favors the rich who make fortunes out of thin air in the financial sector'
The House of Representatives approves the Corporate Income Tax and Incentive Rationalization Act (Citira) on 2nd reading
The Passive Income and Financial Intermediary Tax Act (Pifita) bill is the 4th package of the Duterte administration's Comprehensive Tax Reform Program
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
House committee on ways and means chair Joey Salceda is expected to sponsor the Trabaho bill for 2nd reading on the same day his panel approves it
The Trabaho bill, which aims to reduce corporate tax and rationalize tax incentives, is mentioned in President Rodrigo Duterte's 4th State of the Nation Address
Keep in mind that a number of lawmakers seeking reelection today advocated for the TRAIN law or otherwise helped push it forward
'Siyempre gustong gamitin yan ng ibang partido o indibidwal for political benefit,' says reelectionist Senator Juan Edgardo Angara
'Kung ito'y magandang batas, dapat sana hinaharap kayo ni Senator Angara, 'di ba?' Otso Diretso candidate Romy Macalintal tells the crowd at a campaign event
Reelectionist Senator JV Ejercito, who voted for tax reform in 2017, also calls for the law's review
As fuel serves as a key component in production of goods, a number of senatorial candidates called for a repeal in the fuel excise tax law
The Philippine Tax Whiz tells us when political contributions and campaign expenses are taxable
The Philippine Tax Whiz discusses provisions of the Tax Reform for Acceleration and Inclusion law taking effect in 2019
10 million households are scheduled to receive raises in cash subsidies to help them cope with the impact of the tax reform law
Oil companies will hike diesel prices by P0.70 per liter and gasoline by P0.80 per liter amid price movements in the global market
Not only is TRAIN failing to generate enough revenues as expected, it is also demonstrably anti-poor and anti-environment
Finance Secretary Carlos Dominguez III says they will seek a last push discussion with legislators for the approval of the measures before the 2019 elections
DOE chief Alfonso Cusi warns oil industry players that applying the 2019 tax rates on 2018 oil stocks may lead to company closure and even estafa charges
The tax exemption is part of the tax reform law signed in December 2017
The Philippine Tax Whiz discusses the Bureau of Internal Revenue forms affected by the tax reform law
The Philippine Tax Whiz discusses the new rules on interest penalty under the Tax Reform for Acceleration and Inclusion law
Tax expert Mon Abrea says the Department of Finance should be open to lowering corporate income tax without rationalizing fiscal incentives
The Philippine Tax Whiz discusses the changes to allowable deductions under the Tax Reform for Acceleration and Inclusion law
The Philippine Tax Whiz consolidates all the new alphanumeric tax codes (ATCs) under the Tax Reform for Acceleration and Inclusion law
The Philippine Tax Whiz discusses the changes in documentary stamp tax rates under the Tax Reform for Acceleration and Inclusion law
Are exporters required to pay value-added tax? The Philippine Tax Whiz explains.
When the senatorial campaigns kick off, check the candidates' claims against this list of issues that have so far made headlines in 2018
Tax expert Mon Abrea gives his unsolicited advice to the government on how to implement genuine tax reform
Senator Juan Edgardo 'Sonny' Angara pushes for remedial measures to cushion the impact of the Duterte administration's tax reform law
Finance Assistant Secretary Tony Lambino says the Trabaho bill would convince more firms to expand due to additional incentives, contrary to views of business groups
Senator Grace Poe says the Duterte administration failed to deliver promises that were supposed to cushion the impact of the TRAIN law
(3rd UPDATE) President Rodrigo Duterte is implementing this in a bid to ease inflation and 'allow the public to manage their finances better'
The Action for Economic Reforms says Senator Sonny Angara can pass on the Trabaho bill to other lawmakers if he fears the measure will hurt his reelection bid
Rappler talks to Chito Zaldarriaga, president of the Philippine Ecozones Association, about their take on the Duterte administration's second tax reform package
The Department of Labor and Employment warns that the industry and services sector would take a hit should the Trabaho bill push through
'Contrary to the wrong information spreading online, the Trabaho bill will not remove the VAT and customs duties exemption on the publication, sale, and importation of books,' says the Department of Finance