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The Bureau of Internal Revenue (BIR) has filed an ₱8.5 billion tax evasion case against individuals behind an illicit cigarette factory and three warehouses raided in Bulacan and Valenzuela, marking the largest enforcement operation against illegal cigarettes in 2024. In a post on the official BIR Facebook page, BIR Commissioner Romeo Lumagui Jr. revealed that […]
Senator Alan Peter Cayetano voiced support for Senator Risa Hontiveros’ push to ban Philippine Offshore Gaming Operators (POGOs) but proposed an alternative approach regarding their tax regulations. “Would it be a remedy to put an absurd amount of tax amending the tax law that Senator Risa said, but let’s say putting a 10,000 percent tax […]
Union of Local Authorities of the Philippines (ULAP) president and Quirino governor Dax Cua hailed the signing by Pres. Ferdinand Marcos, Jr. of Republic Act 12001 or the Real Property Valuation and Assessment Reform Act (RPVARA). “With the signing of the Real Property Valuation and Assessment Reform Act we can finally update our obsolete property […]
AnaKalusugan Party-list is pushing for a measure to boost the capital markets and raise the investment competitiveness in the country. AnaKalusugan Party-list Rep. Ray T. Reyes on Tuesday defended a bill which seeks to reduce taxes for stock transactions and create equality in the tax treatment of debt and stock securities. According to the lawmaker, […]
House Speaker Martin Romualdez welcomed the signing of the Maharlika Investment Fund (MIF) Act, saying the MIF is intended to be an additional vehicle for financing big-ticket infrastructure projects without incurring more foreign debt or having to impose new taxes on our citizens.Romualdez, one of the principal authors of the House version of the MIF, […]
AnaKalusugan Party-list Representative Ray T. Reyes believes increasing taxes on e-cigarettes will help raise funds for Universal Health Care and dissuade the youth from vaping. Reyes also expressed his concern over the increasing number of teenagers in the country that are using vape. Republic Act 11900 or the Vape Law passed in July 2022 lowered […]
Senator Raffy Tulfo deplored the Bureau of Internal Revenue’s (BIR) “anti-poor” plan to impose taxes on junk food and other food items next year. Tulfo stressed that the sector of the poorest of the poor heavily rely on these affordable food items, which they consider as necessity instead of luxury, to survive. In fact, the […]
Senate Bill No. 2219 (SBN 2219), extending the period of Availment of Estate Tax Amnesty, has been approved on third reading in the Senate. “Narinig po natin ang panawagan ng ating mga taxpayers, at ito na po ang ating sagot sa kanila,” said Senate President Migz Zubiri, who co-authored and co-sponsored the bill, alongside the […]
The City Government of Bacolod is proud to announce its partnership with G-Xchange, Inc. (GXI), a leading corporation in the Philippines specializing in remittance services and mobile payment solutions. This collaboration signifies Bacolod City Government’s commitment to embracing digitalization and leveraging technology to enhance government services. Under the implementing agreement signed recently, GXI will provide Bills […]
AGRI Party-list Rep. Wilbert T. Lee lauded the passage of House Bill No. 7909, which aims to expand the coverage and extend the period of availment of the estate tax amnesty for two (2) years. The House of Representatives yesterday approved on 3rd reading HB 7909, which will provide taxpayers enough period to settle their […]