IKOT.PH
Senator Koko Pimentel III has called for the exemption of petroleum products from the coverage of the value-added tax (VAT) to help cushion the impact of the implementation of the second tranche of the fuel excise tax. “As a means of easing the burden on the public, this bill proposes to exempt petroleum products from […]
Senator Sonny Angara has filed a bill which seeks to ensure that health insurance premiums paid by employers for their employees remain tax-free. Angara earlier chided the Bureau of Internal Revenue (BIR) for issuing Revenue Memorandum Circular (RMC) 50-2018 which taxed group health insurance premiums, noting that such issuance was not included among the provisions […]
The Senate committee on public services will hold another hearing in Mindanao to check whether the targeted subsidies are being given to the poor under the tax reform law. Senator Grace Poe said the hearing will be conducted in Cagayan de Oro City before the opening of the session. “Itong darating na Hulyo, bago siguro […]