IKOT.PH
Clarifying an otherwise ambiguous provision in the country’s tax code on private educational institutions will serve as a lifeline for thousands of schools forced to shutter or reduce operations at the height of the COVID-19 pandemic, according to Senator Joel Villanueva. In sponsoring Senate Bill No. 2407, Villanueva said the measure sought to ease the […]
Camarines Sur Representative LRay Villafuerte is urging the Senate to act quickly to rescue private schools by passing before the adjournment of this congressional session on September 30 a bill that would permanently correct the Bureau of Internal Revenue (BIR)’s flawed interpretation of a tax code provision increasing the corporate income tax (CIT) rate on […]
Senator Nancy Binay urged the Bureau of Internal Revenue and Department of Finance to reconsider its decision not to extend the April 15 deadline for the filing and payment of annual income tax returns for 2020. “I-extend na lang sana ang April 15 deadline, kahit na sa NCR Plus lang. We already extended last year […]
The House of Representatives approved on second reading a measure providing a 25-percent discount to the personal income taxes (PIT) of medical frontliners. The chamber passed through voice voting House Bill 8259 or proposed Handog Sa Mga Bayaning Lumaban Kontra COVID-19 Act, which provides income tax relief to medical frontliners for taxable year 2020 as […]