taxes - updates

Rappler's latest stories on taxes

ARTICLE FINDER

Tolentino wants tax deductions for employees working from home

Jul 07, 2020 - 3:45 PM

Senator Francis Tolentino wants employees to receive tax deductions for the additional electricity consumption under the work-from-home scheme, or for employers to cover for the bill increase

DEDUCTIONS. Senator Francis Tolentino proposes tax deductions for employees working from home. Photo by Henzberg Austria/Senate PRIB

Saudi triples VAT in unpopular virus-led austerity push

Jul 01, 2020 - 2:00 PM

Retailers in Saudi Arabia report a sharp uptick in sales this week of everything from gold and electronics to cars and building materials, as shoppers sought to stock up before VAT is raised to 15%

Saudis shop at a jewellery shop in the Taiba gold market in the capital Riyadh on June 29, 2020, after authorities announced a 10% increase in the VAT rate, to reach 15%, starting from first of July. (Photo by FAYEZ NURELDINE / AFP)

Russia to hike taxes on high earners after coronavirus

Jun 24, 2020 - 9:20 AM

Russian President Vladimir Putin says extra revenues from higher taxes starting 2021 would be used for 'treating children with severe rare diseases'

LOCKDOWN. A woman walks on a deserted street past the Vysoko-Petrovsky Monastery in downtown Moscow on April 16, 2020, during a strict lockdown in Russia to stop the spread of the coronavirus. Photo by Dimitar Dilkoff/AFP

Supreme Court affirms condo dues not subject to tax

Jun 18, 2020 - 4:35 PM

The Supreme Court says association dues and other assessment charges do not form part of a condominium corporation's gross income

NOT TAXABLE. The Supreme Court nullfied a 2012 Bureau of Internal Revenue circular which taxes association dues. File photo by LeAnne Jazul/Rappler

BIR: Online sellers earning less than P250,000 a year won't be taxed

Jun 17, 2020 - 1:39 PM

But they still need to register, or else face penalties, says the Bureau of Internal Revenue


BIR extends application for tax amnesty to December 31

Jun 16, 2020 - 8:30 PM

The Bureau of Internal Revenue extends amnesty application for tax delinquents from June 22 to the end of the year

EXTENDED. Application for tax amnesty is extended. File photo by Darren Langit/Rappler

Taxes and tax relief: How much do I owe the gov't?

Jun 09, 2020 - 12:52 PM

This webinar hosted by Project Lifeline will happen on Friday, June 12, at 2 pm

Tax the rich? Post-pandemic recovery idea finds favor in UK

Jun 05, 2020 - 12:30 PM

Mass unemployment, bankruptcies, and other potential shocks could hit the richest, but supporters of tax reform say they should still shoulder more of the burden

The Palace of Westminster housing the Houses of Parliament is seen from Westminster Bridge with a Union Flag in the foreground in central London on August 28, 2019 - British Prime Minister Boris Johnson announced Wednesday that the suspension of parliament would be extended until October 14 -- just two weeks before the UK is set to leave the EU -- enraging anti-Brexit MPs. (Photo by DANIEL LEAL-OLIVAS / AFP)

Indonesia planning 10% tax on foreign digital services

May 18, 2020 - 9:53 PM

Products and services including video games, music and movie streaming could be subject to the levy, the Indonesian government says

U.S. Supreme Court to take on Trump taxes, presidential immunity

May 10, 2020 - 3:18 PM

The hearing gives time for the justices to render a decision before the presidential election in November, as Donald Trump seeks a second term

Image from Shutterstock

[OPINION] Taxes and the coronavirus pandemic: An open letter to lawmakers

May 02, 2020 - 9:00 PM

Lawmakers must end injustice by legislating tax policy reforms to help all businesses adjust to the new normal

Marcos says pushing for tax reform amid pandemic 'very bad timing'

Apr 23, 2020 - 9:26 PM

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.

TAX REFORM? Long lines of shoppers buying necessities at a grocery store in Manila on March 12, 2020, due to possible lockdown as COVID-19 confirmed cases continues to rise. Photo by Inoue Jaena/Rappler

U.S. Supreme Court to hear Trump taxes case in May

Apr 13, 2020 - 11:36 PM

The US Supreme Court says it will hear the consolidated cases by telephone conference in May, a move which could allow it to deliver a ruling before the November presidential election

TAXES CASE. In this file photo, US President Donald Trump looks on prior to departing on Marine One from the South Lawn of the White House in Washington, DC. File photo by Saul Loeb/AFP

#AskTheTaxWhiz: Further extension of deadlines, suspension of BIR audit

Apr 13, 2020 - 9:30 PM

The Philippine Tax Whiz clarifies the implications of extending deadlines and suspending Bureau of Internal Revenue audits during the coronavirus lockdown

#AskTheTaxWhiz: Tax relief for taxpayers during the 'enhanced community quarantine'

Apr 04, 2020 - 3:15 PM

The Philippine Tax Whiz discusses the various Bureau of Internal Revenue circulars extending deadlines

BIR extends tax filing deadline to May 15

Mar 19, 2020 - 10:20 AM

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

Mar 18, 2020 - 7:11 PM

'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

GHOST TOWN. An almost lifeless Araneta Center in Cubao, Quezon City hours after the government enforces an enhanced community quarantine over Luzon island on March 17, 2020. Photo by Lisa Marie David/Rappler

[ANALYSIS] Amid the coronavirus crisis, where have all the sin tax funds gone?

Mar 12, 2020 - 2:58 PM

'The success of the Sin Tax Law should have been a health system responding well to the COVID-19 emergency'

House approves bill hiking road users' tax starting 2020

Mar 10, 2020 - 10:28 PM

The proposed tax increases are expected to generate P9 billion that would go to the general fund for road safety and the Public Utility Vehicle Modernization Program

ROAD USERS' TAX. Bumper-to-bumper traffic is seen along Commonwealth Avenue in Quezon City on October 25, 2016. File photo by Joel Liporada/Rappler

Territorial dispute: Pia Cayetano fumes over Marcos tackling Citira at committee hearing

Mar 09, 2020 - 9:14 PM

'Please don’t try to mediate,' Senator Pia Cayetano, chair of the ways and means committee, tells fellow senators. 'Resolve the jurisdictional issue.'

'CLARITY'. Senator Pia Cayetano says she wants clarity over Senate rules. Photo by Angie de Silva/Rappler

Duterte certifies Citira bill as urgent

Mar 09, 2020 - 6:40 PM

President Rodrigo Duterte's certification allows the Senate to pass the bill on 2nd and 3rd readings on the same day

ASPIRING HUB. The Philippines aims to become a regional automotive production hub by offering fiscal and non-fiscal perks to automakers. File photo by Romeo Gacad/AFP

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

Wealthy Indonesians use names of low-income people to avoid paying tax

Mar 04, 2020 - 5:57 PM

Registering a car, a company or other property in the names of low-income people and subordinates is a common scheme used by wealthy Indonesians to avoid paying tax

This picture taken on January 14, 2020 shows Dimas Prayitno standing at his home in Jakarta. - No one was more surprised to learn that Dimas Prayitno owned a Rolls-Royce than the 21-year-old Indonesian himself, who was baffled when told he owed 15,000 USD in taxes on the luxury vehicle. (Photo by HAERIL HALIM / AFP) / To go with AFP story Indonesia-taxation-economy-crime, FOCUS by Haeril Halim

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

Tax court allows Makati gov't to check Smart's books over P3.2-B tax case

Feb 12, 2020 - 1:09 PM

The Court of Tax Appeals says the telco's financial records are needed to determine the veracity of the Makati City government's claim that Smart owes it P3.246 billion in taxes

#AskTheTaxWhiz: Benefits from new law on alcohol, cigarette excise tax

Feb 05, 2020 - 7:00 PM

The Philippine Tax Whiz discusses the recently signed law raising excise tax on alcohol and tobacco products

Over 10% of retailers already imposed last round of fuel tax hike – DOE

Jan 26, 2020 - 4:00 PM

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

Oil prices saw a record surge after attacks on two Saudi facilities in the world's top gas producer. Photo by DARREN LANGIT

Duterte signs new taxes on alcohol, e-cigarettes into law

Jan 22, 2020 - 10:07 PM

(UPDATED) Beer will be roughly P35 more expensive once the new tax rates kick in

France makes proposals to U.S. to resolve tech tax row

Jan 17, 2020 - 11:03 PM

'There are possibilities available, we are working with (US Treasury Secretary) Steven Mnuchin. I made several proposals to him,' French Finance Minister Bruno Le Maire says

THE GAFA TAX. This combination of pictures shows the logos of the GAFA's, named after US multinational technology and Internet-related services company Google, online retail giant Amazon, social media service Facebook and multinational technology company Apple, displayed on a tablet on February 18, 2019. File photo by Lionel Bonaventure/AFP

New year, more taxes: Last fuel hike under TRAIN takes effect

Jan 01, 2020 - 3:11 PM

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

TAXES. Oil prices will surge anew in 2020 due to the Tax Reform for Acceleration and Inclusion law. File photo by Darren Langit/Rappler

DOE to oil firms: Use up old inventory first before slapping new tax

Dec 25, 2019 - 10:40 PM

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

New taxes on alcohol, tobacco await Duterte's signature

Dec 18, 2019 - 11:06 PM

But the bill won't bring significant revenues for the implementation of the Universal Health Care law as originally planned

HIGHER TAXES. The 18th Congress ratified the measure increasing alcohol and tobacco taxes. Stock photo

Google settles $327 million tax bill in Australia

Dec 18, 2019 - 6:29 PM

'This settlement is another great outcome for the Australian tax system,' says Australian Tax Office Deputy Commissioner Mark Konza

GOOGLE. In this file photo taken on May 16, 2019 a woman takes a picture with two smartphones in front of the logo of the US multinational technology and Internet-related services company Google. File photo by Alain Jocard/AFP

U.S. Supreme Court to hear Trump tax return cases in 2020

Dec 14, 2019 - 9:05 AM

A Supreme Court ruling in the case would come less than 6 months before Americans go to the polls in November 2020

TRUMP. US President Donald Trump at the White House on December 9, 2019 in Washington, DC. File photo by Brendan Smialowski/AFP

In nearly 3-year drug trial, DOJ yet to submit AMLC report vs De Lima

Nov 26, 2019 - 5:20 PM

'Either the AMLC report is being manufactured...or the DOJ is simply engaged in a drawn-out fishing expedition,' says the camp of detained Senator Leila de Lima

DRUG TRIAL. Opposition Senator Leila De Lima attends her almost three-year running drug trial at the Muntinlupa RTC Branch 205 on November 8, 2019. Photo by Office of Senator Leila De Lima

House bill reforming real property valuation passed on 2nd reading

Nov 19, 2019 - 7:00 PM

Voting on 2nd reading, lawmakers give their nod to the 3rd package under the Duterte government's Comprehensive Tax Reform Program

TAX REFORM. Lawmakers are on the move to amend the country's real property valuation system. File photo by LeAnne Jazul/Rappler

[ANALYSIS | Point of Law] A correct move for our stock market?

Nov 18, 2019 - 8:27 PM

The proposed Passive Income and Financial Intermediary Taxation Act appears unsound, and Congress may want to rethink it before it's too late

Trump asks Supreme Court to protect his tax returns

Nov 15, 2019 - 9:39 AM

The US president's attorneys argue that Trump enjoys immunity both from prosecution and from any acts of investigation

CHRISTMAS EVE. US President Donald Trump speaks on the telephone as he answers calls from people calling into the NORAD Santa tracker phone line in the State Dining Room of the White House in Washington, DC, on December 24, 2018. Photo by Saul Loeb/AFP

U.S. Congress can still seek Trump tax records, court decides

Nov 14, 2019 - 2:29 PM

The decision marked the second time an appeals court has denied Donald Trump's attempt to avoid a House subpoena that calls for him to turn over 8 years of accounting documents

DONALD TRUMP. US President Donald Trump delivers remarks at the Hispanic Heritage Month Reception at the White House in Washington, DC, September 27, 2019. File photo by Jim Watson/AFP

Rappler, Ressa seek outright dismissal of tax cases at CTA

Nov 13, 2019 - 2:00 PM

Rappler argues that BIR's own witnesses admit this is the first time that a holding company that issued PDRs is being categorized as a 'securities dealer'

BAIL. Maria Ressa pays P204,000 worth of bail before the Court of Tax Appeals on December 11, 2018, over 4 cases of alleged violation of the Tax Code. Photo by Rappler

Duterte certifies as urgent bill increasing cigarette, alcohol taxes

Nov 12, 2019 - 3:55 PM

President Rodrigo Duterte says increasing taxes on cigarettes and alcohol would 'generate additional revenue' for universal health care

BALIKTARAN. Senator Pia Cayetano holds two packs of alcopop “Gaz” presenting the said product to the members of the senate. September 25, 2019. Photo by Angie de Silva/Rappler

House panel OKs bill increasing road users’ tax starting 2020

Nov 11, 2019 - 9:57 PM

House committee on ways and means chairperson Joey Salceda estimates the tax increases would yield P9 billion, which would help fund the PUV Modernization Program

TAX HIKE. Lawmakers are propsing to increase the taxes imposed on motor vehicle owners. File photo by Joel Liporada/Rappler

DOF not too keen on taxing salty products

Nov 08, 2019 - 5:20 PM

'Meron diyang food labeling types of intervention.... So nandoon palang ‘yung usapan, wala pang specific proposal para dito sa panukalang ito,' says Finance Assistant Secretary Tony Lambino

STUDYING. Finance Asec Tony Lambino says the government is still studying the proposed 'asin' tax. Photo by Angie de Silva/Rappler

Sandiganbayan convicts 3 ex-DOF officials over tax credit fraud

Nov 03, 2019 - 7:35 PM

Former DOF officials Uldarico Andutan Jr, Raul de Vera, and Rosanna Diala are sentenced to 6 years in jail over the 'fraudulent approval' of a P6-million tax credit certificate for Jam Transit

GRAFT CHARGES. Three former Department of Finance officials are sentenced to 6 years in prison over the fraudulent approval of a tax credit certificate. Photo by Darren Langit/Rappler

After sugary drinks, DOH eyes tax on salty food

Nov 01, 2019 - 1:38 PM

(UPDATED) Philippine health officials mull over the measure following a recent report that Filipinos consume far more salt than the World Health Organization recommendation

Image from Shuttershock

#AskTheTaxWhiz: Things you should know about online businesses

Oct 23, 2019 - 9:19 AM

Do online businesses still need to register their business and pay taxes? How will the ongoing tax reforms affect them? The Philippine Tax Whiz answers these questions.

DOF backs more taxes for online gambling firms

Oct 22, 2019 - 6:57 PM

Finance Secretary Carlos Dominguez supports the plan of Albay Representative Joey Salceda to slap more taxes on Philippine Offshore Gaming Operators and their service providers

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

EU removes Switzerland, UAE from tax haven list

Oct 10, 2019 - 9:20 PM

The European Union says Switzerland and the United Arab Emirates are among the countries which have implemented tax reforms

Image via Shutterstock

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