RHQ Head welcomes ‘grandfather’ clause in Senate’s Tax Reform Bill with...
The Senate version of the administration’s first tax reform package would be keeping a crucial tax perk enjoyed by a subsector of the business process outsourcing (BPO) industry, albeit it would not be...
View ArticleSSS to increase contributions of members to over 12.5%
Starting January next year, the contribution rate of Social Security System (SSS) members will increase to over 12.5 percent as a means for the state-run pension fund to compensate for the higher...
View ArticlePH posts $112.6-million net inflow of ‘hot money’ in September
Foreign portfolio investments swung to a net inflow of $112.63 million in September as investors looked forward to the passage of the first tax reform package pending in Congress, even as more “hot...
View ArticleDOF: Fuel marking to generate P20-billion additional revenues
The fuel marking system to be implemented early next year as part of the first tax reform package will generate P20 billion in additional revenues for the government and combat oil smuggling,...
View ArticlePH posted $112.6M in net ‘hot money’ inflow in Sept.
Foreign portfolio investments registered a net inflow of $112.63 million in September as investors looked forward to the passage of the first tax reform package pending in Congress, although more “hot...
View ArticleFuel marking seen yielding P20B in gov’t revenue
The fuel marking system to be implemented early next year as part of the first tax reform package will generate P20 billion in additional revenue for the government as it is seen substantially curbing...
View ArticleVAT few are chosen
To wrap up the so-called Train in Congress, the administration of the motor-biking Duterte Harley will have the next 18 working days. The post VAT few are chosen appeared first on Inquirer Business.
View ArticleBusiness processing group backs Senate version of tax reform package
The IT-Business Process Association of the Philippines (IBPAP) backed the recently passed Senate version of the first tax reform package. The post Business processing group backs Senate version of tax...
View ArticleGroup hits Senate version of tax reform
Bringing down the personal income tax rates under the first tax reform package will make the Philippines competitive with its Asean neighbors, the Department of Finance said Friday. The post Group hits...
View ArticleFilthy reach
Last week marked a breakthrough in one major business in our country: The lawmaking industry. The post Filthy reach appeared first on Inquirer Business.
View ArticleTrade groups unhappy with tax reform
Some of the biggest local and foreign business chambers in the country have expressed reservations about the final version of the first tax reform package, warning that some of the tax changes imposed...
View ArticleDiokno: Doubling public school teachers’ pay ‘not a priority’
Despite the President’s promise to double the pay of public school teachers, Budget Secretary Benjamin Diokno said Wednesday it would take a backseat to more pressing programs needed to be funded,...
View Article2nd tax reform package seeks to curb gov’t losses due to fiscal incentives
The government is losing more than P300 billion in revenue yearly from the wide array of tax and other perks being enjoyed by big corporations, highlighting the need for the rationalization of...
View ArticleApply new tax rates, firms told
The Bureau of Internal Revenue yesterday told employers to implement the lower personal income tax rates that went into effect at the start of the year even as the country’s biggest tax-collection...
View ArticleRevenue gains key to cut in corporate income tax
The reduction in corporate income tax rates under the Duterte administration’s second tax reform package will depend on the revenue gains once the government consolidates existing laws giving away...
View ArticleFinance chief: Tax regime under federal gov’t seen ‘very challenging’
Tax administration and revenue sharing under a federal form of government are expected to be “very challenging,” the head of the Duterte administration’s economic team said Tuesday, even as the...
View ArticlePeso back down to 51:$1
The peso on Tuesday slid back to the weaker 51:$1 level, closing at 51.1:$1 partly due to the impact on consumption of the first tax reform package. The post Peso back down to 51:$1 appeared first on...
View ArticleBSP raises 2018 inflation forecast to 4.3%
The Bangko Sentral ng Pilipinas expects inflation to average 4.3 percent this year and breach the 2-4 percent projected range due to the impact on consumer prices of the first tax reform package and...
View ArticleGroup presses tax perks for small firms
The Philippine Exporters Confederation Inc. (Philexport) wants the government to offer incentives under the second tax reform package specifically designed for micro, small and medium-sized enterprises...
View ArticleGov’t revenue, spending up
The implementation of the first tax reform package coupled with the rollout of the ambitious infrastructure program helped grow both the government’s revenue collection and expenditures at a faster...
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