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Camarines Sur Representative LRay Villafuerte has expressed the hope that the two chambers of the Congress can work overtime to pass corrective legislation defining the tax rates for proprietary schools and allowing them amid the pandemic to enjoy a 1 percent preferential tax rate until June 30, 2023. Villafuerte said the bill will not be passed on […]
Senator Francis Pangilinan is urging the Senate to start deliberations on proposals seeking to impose an excise tax on single-use plastic bags. Pangilinan made the call after the House of Representatives committee on ways and means approved House Bill 178 which seeks to impose a P20 excise tax per kilogram of single-use plastic bags. “Malacañang […]
A proposal seeking to impose an excise tax on single-use plastic bags has hurdled committee level at the House of Representatives. The House Committee on Ways and Means, chaired by Albay Rep. Joey Salceda, approved the bill imposing a P20 per kilo levy on single-use plastic bags used in supermarkets, malls, shops, stores, sales outlets, […]
As Congress is set to resume sessions, Minority Leader and Manila 6th District Rep. Bienvenido “Benny” Abante Jr. on Sunday said he and members of the Minority will oppose any proposal to tax salty food, advising government policymakers to instead assess the impact of any tax measure on the poor before recommending its adoption. This […]
Amid rising concerns in many countries about the health risks of electronic cigarettes and vapes, Senator Pia Cayetano reiterated that Congress has the jurisdiction to impose higher taxes on these products as a means to regulate their use. The chairperson of the Senate Committee on Ways and Means, Cayetano made the assertion at the start […]
Senator Win Gatchalian is pushing for the passage of a bill seeking to increase excise taxes on tobacco products within the remaining nine session days of the current 17th Congress. In a press conference, Gatchalian said the “best opportunity” to pass the proposed tobacco tax increase is during the last session days before the 17th […]
The 14-million member-strong cooperative movement represented by COOP-NATCCO Partylist Rep. Anthony Bravo thanked leaders of the House of Representatives on Wednesday after they committed to retain the tax exemptions currently extended to the country’s close to ten thousand cooperatives. House Majority Leader Rodolfo Fariñas had earlier announced that the tax exemptions of cooperatives would […]
More than 150 congressmen have thrown their support behind an amendment that would allow cooperatives to retain their tax exemptions as Congress works on House Bill (HB) 5636, the Administration’s major tax reform package. COOP-NATCCO Partylist Rep. Anthony Bravo thanked his fellow representatives on Tuesday for listening to their constituents and restoring their faith […]
Senator Sonny Angara, a staunch education advocate, called for the approval of his proposed tax relief measure which would make tertiary education widely accessible to Filipinos especially for those who cannot qualify for scholarship grants and other assistance. Angara reiterated the appeal as he lamented that access to tertiary education remains problematic and elusive […]
Senator Bam Aquino lauded the latest memorandum by the Bureau of Internal Revenue (BIR), announcing that taxpayers covered by the Barangay Micro Business Enterprise (BMBE) may file their income tax returns (ITR) without paying taxes. “Nagpapasalamat tayo sa BIR sa paglalabas ng nasabing memorandum na nagbigay linaw sa mga isyu at problemang bumabalot sa […]