tax

Higher taxes could derail auto industry’s resurgence

Traffic gridlock in Metro Manila, Cebu City, Davao City and other urban centers has elicited numerous suggested solutions, but the Department of Finance has come up with a novel one: reduce the number of new cars on…

Higher taxes on oil products imminent

THE DUTERTE administration is bent on raising the excise tax on petroleum products and is now drafting a targeted subsidy scheme similar to the existing conditional cash transfer (CCT) program for poor households to be affected. Finance…

BIR files P638.36 M tax evasion complaint vs luxury car importer

The Bureau of Internal Revenue (BIR) on Thursday filed P638.36-million tax evasion complaint with the Department of Justice against an importer of luxury cars. Facing complaint for violation of the National Internal Revenue Code (NIRC) specifically for willful attempt…