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The chair of the House Committee on Creative Industry and Performing Arts appealed to the local government units (LGUs) and the Bureau of Internal Revenue (BIR) to temporarily suspend the collection of the taxes from the local movies for at least 12 months. Pangasinan Representative Christopher de Venecia made the appeal as he welcomed 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 Sonny Angara has endorsed for plenary approval a bill seeking a general tax amnesty aimed at encouraging taxpayers to pay correct taxes and raising more revenues to finance crucial government projects. Under Senate Bill 2059, the proposed amnesty covers all unpaid internal revenue taxes–estate taxes, general taxes and delinquent accounts–due for taxable year 2017 […]
Senator Dick Gordon has called on concerned government agencies to ensure timely and proper collection of duties and taxes to bolster tax collection and eliminate the need to impose the Tax Reform for Acceleration and Inclusion (TRAIN) law to raise revenue. Gordon, chairman of the Senate Blue Ribbon Committee, pointed out that if agencies such […]