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While analysts hedge their bets in the growing offshore gaming operations sector, it is actually less beneficial to the domestic economy, according to Senator Joel Villanueva. The industry, formally known as Philippine offshore gaming operations (POGO), is causing a lot of stress in the real estate market to the detriment of Filipino businesses and workers […]
Senator Sonny Angara urged accountants and auditors to increase their contribution to economic growth by promoting financial transparency and helping the government collect the right taxes. Speaking at the Philippine Institute of Certified Public Accountants (PICPA) Metro Manila Region Tax Conference 2019 held in Mandaluyong City, Angara said that certified public accountants (CPAs) have an […]
Several senators welcomed the move of the House of Representatives to look at various proposals to scrap or suspend the scheduled hikes in the excise tax on fuel and petroleum products under Republic Act 10963 or the Tax Reform for Acceleration and Inclusion (TRAIN) law. The House Committee on Ways and Means created a technical […]
Senator Win Gatchalian is pushing for the abolition of the National Food Authority (NFA) to spare taxpayers from the burden of subsidizing the “inefficient and unproductive” operations of the embattled agency. “lsa sa mga problemang nakikita ko kaya kulang ang supply at mataas ang presyo ng bigas ay iyong operations ng NFA. Hindi maayos at […]
House Agriculture Committee chair and ANAC-IP Rep. Jose Panganiban, Jr. on Wednesday reiterated his call for the Senate to pass their version of the rice tariffication bill, following the passage of the measure by the House of Representatives (HOR). The bill, which will replace quantitative restrictions on rice imports with the imposition of tariffs or […]
Senator Sonny Angara has called on the Bureau of Internal Revenue (BIR) to make it easier for Filipinos, especially for small taxpayers, to pay their taxes correctly. “Matagal na nating panawagan, kasabay ng pagbaba ng buwis, na gawing simple ang forms and procedures ng pagbabayad ng buwis. The BIR should always be ready, equipped […]