IKOT.PH
A House of Representatives panel has approved a measure exempting election workers such as members of the Board of Election Inspectors (BEIs) from having their honoraria or allowances subjected to income and other withholding taxes. During a virtual hearing, the House Ways and Means Committee approved an unnumbered substitute bill that would provide income tax […]
The revenues raised by Philippine Offshore Gaming Operations (POGO) will not offset the harm caused by this industry.This was emphasized by Deputy Speaker and Manila 6th District Rep. Benny Abante, Jr., who explained his negative vote on House Bill No. (HB) 5777, a measure that would tax persons engaged in POGO. “We are not thinking […]
Senator Joel Villanueva lauded Congress’ ratification of the proposed Corporate Recovery and Tax Incentives for Enterprises (CREATE) law that would now cover training incentives to cushion the impact of automation in employed and upskill workers. At the same time, Villanueva challenged the Department of Finance (DoF) and the Foreign Investment Review Board (FIRB) to fulfill […]
Quezon City Rep. Precious Castelo is urging the Bureau of Internal Revenue (BIR) to defer the enforcement of its memorandum circular requiring online sellers to register their business and pay income and other taxes. Her appeal is contained in Resolution No. 994, which she filed over the weekend. “Because of COVID-19, there was and there […]
Senator Win Gatchalian has prodded the government to extend fresh capital and other financial assistance to budding online entrepreneurs, instead of slapping them with untimely new taxes. Gatchalian said online sellers should be covered by the microfinancing program of the Small Business Corporation (SB Corp.), a government-owned and controlled corporation attached to the Department of […]
Senator Joel Villanueva has asked government agencies to provide the necessary interventions to improve the skills of online sellers by providing virtual trainings on essential and entrepreneurial skills to help their new ventures become successful enterprises. After the Bureau of Internal Revenue had eased requirements to encourage online sellers to register, Villanueva pointed out that […]
Quezon City Mayor Joy Belmonte has asked the City Council to extend the payment of business, real property and transfer taxes amid the threat of coronavirus disease 2019 (Covid-2019) in the city. “We have requested the City Council to enact a resolution or ordinance extending the payment of taxes. This way, local residents have more […]
Iligan City Lone District Representative Frederick Siao said he is eyeing to propose a measure that would impose taxes on Philippine Offshore Gaming Operations (POGOs) to fund the P10,000 pay hike for public school teachers per month.Siao, chairperson of the House civil service and professional regulation committee, noted that public school teachers have been “unrelenting” […]
The Senate has ratified the bicameral conference committee report on the measure that will tax electronic cigarettes and raise excise taxes on alcohol, which is expected to give the government an additional P24.9 billion in revenues. The bicameral conference committee earlier reconciled Senate Bill No. 1074 and House Bill No. House Bill No. 1026. Distilled spirits, fermented […]
The bicameral (bicam) conference committee approved the proposed measure seeking to increase taxes on alcoholic drinks, heated tobacco products, and vapor cigarettes. In an interview after the bicam meeting, Senator Pia Cayetano and Albay Rep. Joey Salceda said the reconciled version of Senate Bill No. 1074 and House Bill No. 1026 is expected to give […]