House ratifies bill amending tax incentives
The House of Representatives approved the final version of the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (Create MORE) bill.
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Bicam okays bill amending tax incentives
MANILA, Philippines — A bicameral conference committee approved on Tuesday Congress' final version of the bill on the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (Create MORE).
‘E-visas, tax refunds key to become Asia’s shopping capital’
MANILA, Philippines — It is not too late for the Philippines to become the shopping capital of Asia, but it will need to implement an e-visa system and provide tax refunds to tourists to be able to do so, according to the government’s economic czar.
House OKs tax-free donations for athletes, stricter candidate substitution
MANILA, Philippines — The House of Representatives on Wednesday approved on third and final reading several measures, including the exemption of athletes from paying taxes on donations and rewards and the removal of the withdrawal of certificate of candidacy for candidate substitution.
Tax evasion raps filed vs Guo
TAX evasion raps were filed by the Bureau of Internal Revenue (BIR) yesterday against ousted Bamban, Tarlac mayor Alice Guo and two others before the Department of Justice. Also charged were Jack Uy and Baofu Land Development Inc.
AFP Commissary wins P122M tax subsidy claim vs DBM
THE Commission on Audit has granted the petition of the Armed Forces of the Philippines Commissary and Exchange Services (AFPCES) for a P122.25-million tax subsidy entitlement for the fourth quarter of 2019 that was not released by the Department of Budget and Management (DBM).
Guo faces tax evasion raps
MANILA, Philippines — Dismissed mayor Alice Guo of Bamban, Tarlac is facing a complaint for not paying P500,000 in capital gains tax on the purported sale of her shares in Baofu Land Development Inc.