Peza: 2nd tax reform package ‘unconstitutional’
Duterte’s second tax reform package would invalidate existing government contracts with investors, a move which the Philippine Economic Zone Authority (Peza) has called “unconstitutional.” The post...
View ArticleTax perk removal ‘unconstitutional’
The Duterte administration’s second tax reform package would invalidate existing government contracts with investors, a move that the Philippine Economic Zone Authority (Peza) has called...
View ArticleTax reform generated P33.7B in 1st 6 months
The head of the Duterte administration’s economic team on Tuesday reminded legislators of President Duterte’s wish to pass by yearend the second tax reform package that will bring down the corporate...
View ArticleMore taxes on ‘sin products’ eyed
On top of further raising the excise taxes on tobacco and alcohol products, the Department of Finance is also seeking to stop the sale of cigarettes per stick as well as the use of e-cigarettes under...
View ArticleGov’t urged to address widening trade deficit
The Joint Foreign Chambers of the Philippines (JFC) wants the Duterte administration to address the country’s trade imbalance, a problem it pointed out could not be solved with the Trabaho bill. The...
View ArticleTeleperformance counts 19th site, but future in PH gloomy
Business process outsourcing (BPO) firm Teleperformance launched its 19th site here in the Philippines, but its top official said tax reform might make it harder to further expand despite market...
View ArticleCompanies seen looking for ‘exit strategies’
PwC Philippines said some of its clients were now asking for “exit strategies” amid concerns about the government’s second tax reform package. The post Companies seen looking for ‘exit strategies’...
View ArticleDOF optimistic on passage of Duterte’s tax reform packages this 2019
The DOF is optimistic that the entire comprehensive tax reform program of the government would be passed this year. The post DOF optimistic on passage of Duterte’s tax reform packages this 2019...
View ArticleBusiness groups throw support for critical Citira
Business groups are urging the government to pass the Duterte administration’s latest tax reform package. Ten business groups voiced their support for the Senate version of the Corporate Income Tax and...
View ArticleDOF expects credit rating upgrades; Moody’s lauds tax reform OK
Finance Secretary Carlos G. Dominguez III said the Philippines remained underrated by credit ratings agencies while Moody’s Investors Service on Monday tagged as credit positive the passage of the...
View ArticleActs to grind
About two weeks ago, with Congress about to go on break, the House of Representatives did a buzzer beater: It passed the tax reform package of the motorbiking Duterte Harley. The post Acts to grind...
View ArticleBPO sector says no to removal of perks
The IT and Business Process Association of the Philippines (IBPAP), which represents the sector that has become one of the pillars of the Philippine economy, warned that provisions in the first tax...
View ArticleBPO firms’ perks to stay under tax reform package, says DOF
The Department of Finance (DOF) on Friday said business process outsourcing (BPO) companies need not worry about the government’s first tax reform package as they will continue to enjoy a number of...
View Article‘Hot money’ swings to net outflow of $460.83 million in 1st half of 2017
Despite a net inflow of hot money posted in June on the back of positive market sentiment, more foreign portfolio investment left the country at the end of the first half of 2017, resulting in a net...
View ArticleCars selling briskly ahead of new tax setup
Vehicle sales went up 14.1 percent in June, keeping the car industry on the right track as it races toward its goal this remaining half of the year, data from automotive and truck manufacturers showed....
View ArticleExperts upbeat on consumer, retail plays as spending rises
The benchmark Philippine Stock Exchange index (PSEi) may be richly valued, having gained 14 percent in the first half of 2017 to end at 7,866.52. The post Experts upbeat on consumer, retail plays as...
View ArticleDOF hopes for swift Senate OK of tax reform
The head of the Duterte administration’s economic team yesterday said he was hoping the Senate would heed President Duterte’s call to approve the first tax reform package. The post DOF hopes for swift...
View ArticleSugar and splice
The tax program of this administration had a tough time in Congress, and so in his recent Sona, the motorbiking Duterte Harley threatened Congress to pass it in full and pronto. The post Sugar and...
View ArticleDOF moves submission of 2nd tax reform package to January
The Department of Finance will pitch the second package of the comprehensive tax reform program to Congress in January next year, as it first focuses on securing approval for the pending bill aimed at...
View ArticleSenate version sets higher excise taxes on cars
The latest Senate version of the first comprehensive tax reform package is proposing that the excise tax on cars would have a higher rate next year from what was passed in the Lower House last May, a...
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