Personal income tax of salary-earners has been lowered but the excise tax on a host of goods and services such as automobiles, tobacco, coal, oil products and cosmetic procedures, has been increased under the Tax Reform for…
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, Department of Finance officials said.…
MANILA — The fuel marking system eyed for implementation starting early 2018, will allow the government to collect additional revenues of up to P43.8 billion lost to smuggling each year, according to the Department of Finance. In…
The Court of Tax Appeals has ordered Pilipinas Shell Petroleum Corp. to pay P5.72 billion in unpaid excise and value-added taxes pursuant to a 2015 decision that two gasoline components used as raw materials were taxable. In…
The Department of Finance (DOF) sees higher oil excise as a major revenue source that will compensate for foregone revenues once income tax rates are slashed, as promised by President Duterte. At the House appropriations committee hearing…
The Department of Budget and Management has ordered agencies to “get rid” of luxury vehicles being used for their transport needs while the Department of Finance will move to slap higher taxes on expensive imported cars. Finance…
The Bureau of Internal Revenue (BIR) has given owners of imported vehicles until the end of this month to pay their taxes and secure the necessary release document or else have their cars seized. “It has been…
Uber rides may soon become less convenient for the public as tax authorities plan to require the issuance of receipts—a rule ignored by many taxi operators. Bureau of Internal Revenue (BIR) Deputy Commissioner Nelson Aspe said new…
The Bureau of Internal Revenue (BIR) has started discussing with transport authorities ways to better track tax payments of transportation network companies or TNCs like Uber and their drivers, Commissioner Kim S. Jacinto-Henares told the Philippine Daily…
The taxman wants more piece of the “app” action. The Bureau of Internal Revenue (BIR) is discussing with transport authorities ways to better track the tax payments of transportation network companies, or TNCs, like Uber and their…
