The Philippine Tax Whiz discusses the impact of the Trabaho bill to ordinary taxpayers
'We are advocating for the continued operation of PEZA as it is now. And also making sure that rationalizing our incentives [that] it is still competitive with the rest of the region,' a business group executive says
(UPDATED) But opposition lawmakers vote no to the Tax Reform for Attracting Better and Higher Quality Opportunities bill, arguing it would lead to job losses
Speaker Gloria Macapagal Arroyo herself is present at the plenary to ensure the approval of the tax reform measure
Will our lawmakers seize this golden opportunity or will they resign us to a future of unintended consequences?
Finance Undersecretary Karl Kendrick Chua says over 97,000 small and medium enterprises can expand their businesses and generate more jobs due to lower taxes
Our tax laws allow casualty losses to be claimed as deduction for income tax purposes
Watch the hearing live on Thursday, August 16
Senator Paolo Benigno Aquino IV says those who need subsidy exceed the 10 million projected under the budget department
The Private Hospitals Association of the Philippines also says cutting corporate tax incentives would lead to the closure of some hospitals
The Philippine Tax Whiz explains the impact of the Tax Reform for Acceleration and Inclusion (TRAIN) law on the prices of automobiles
The Philippine Tax Whiz lets us know about provisions in the TRAIN law meant to help the poorest of the population
Step down from your ivory tower and embrace reality – the reality of the shrinking peso, in the truest meaning of the word
In these tough times, government officials must be wary of populist policies that could make matters worse. They should also avoid making callous remarks that tend to belittle the poor and add insult to their economic injury.
'Nalulunod na ang mga Pilipino sa taas ng presyo. Aantayin pa ba nila ang 2019? Hindi pa ba aaksyon ang pamahalaan?' asks Senator Paolo Benigno 'Bam' Aquino IV
Mothers feeling the pinch due to the TRAIN law gather in Mendiola to ask the government to make adjustments and address people's needs
Bayan Muna Representative Carlos Zarate says Solicitor General Jose Calida's argument is 'deceptive and misleading'
A Nielsen study shows consumers have been drinking less sugary drinks and even taking items out of their grocery baskets, as prices rose with the implementation of the tax reform law
The Philippine Tax Whiz answers taxpayers' key questions on the filing of annual income tax returns
Nang naupo si Rodrigo Duterte bilang pangulo, nasa 2% lamang ang inflation rate – ngayon, 19 buwan pa lamang ang nakalilipas, halos sagad na ito sa target ng gobyerno na 4%
This comes after a Malacañang veto effectively raised the cost of doing business in the Philippines, says Senator Paolo Benigno Aquino IV
Historically, when we burn coal or use petroleum products, we generally do not pay for the actual price of the carbon emissions brought about by these fossil fuels
The Philippine Tax Whiz answers questions about withholding tax following the implementation of the tax reform law
'With income tax collections expected to drop due to the implementation of TRAIN, this year will be extra challenging for the Bureau of Internal Revenue'
The Philippine Tax Whiz lists down the criteria which self-employed individuals or professionals must meet to qualify for the 8% flat tax rate
Here's a step-by-step guide to compute for your new income tax under the tax reform law
The Philippine Tax Whiz reminds employers that they should release BIR Form 2316 to employees by Wednesday, January 31
The Philippine Tax Whiz answers questions on the new excise tax on cosmetic surgery
The scholarships are for employees – to train the next generation of public finance managers – while the DOF supports a JICA program open to those in the private sector
The Philippine Tax Whiz explains what the Tax Reform for Acceleration and Inclusion (TRAIN) law is all about
Hello! Here are the stories you shouldn't miss this Monday.
The exclusive franchise holder of McDonald's in the Philippines says it is thinking of ways to balance the impact of the newly-enacted tax on sugar-sweetened beverages
With most mass market vehicles costing more because of the tax reform law, the Chamber of Automotive Manufacturers of the Philippines Incorporated (CAMPI) projects flat growth in sales this 2018
(UPDATED) Leftist lawmakers argue that the House had no quorum and did not call a vote when it ratified the joint bicameral conference report on the Train bill
Energy Secretary Alfonso Cusi warns that the government would cancel the certificate of compliance (COC) of violators
'All in all, the first package of TRAIN was an opportunity to correct many problems that have long ailed our tax system. While a step in the right direction, many of TRAIN’s well-meaning provisions got watered down by politicians.'
The movement of prices of basic goods and services in the Philippines is seen to move faster this year than last year, due to the newly-implemented tax reform package
Meralco, the country's largest power distributor, estimates an additional charge of 8 centavos per kilowatt hour (kWh)
Payroll managers start adjusting their systems to reflect the new withholding tax rates. Supermarkets, oil retailers, convenience stores, and even sidewalk vendors begin updating their price lists.
As a tax lawyer, I noticed that there are a lot of news reports on the changes. But actually, there are much more significant changes under the Train law which are not being reported.
Piston says public utility vehicles should get the discount to counter the effects of the tax reform law
The Associated Labor Unions-Trade Union Congress of the Philippines says it would seek a nationwide wage increase if the tax reform law triggers 'exorbitant' inflation
New excise tax rates on petroleum products are levied upon importation, not at the point of sale to the consumers
'So, tataas 'yung bilihin. [Pero] hindi ba nila naisip na dahil dito...ay tataas din po ang koleksiyon ng ating bayan?' says Presidential Communications Secretary Martin Andanar
If the Tax Reform for Acceleration and Inclusion bill is signed into law by President Rodrigo Duterte, Filipinos will have higher take-home pay but will have to shell out more for fuel, cars, tobacco, and sugar-sweetened drinks
The Senate and the House of Representatives are set to ratify their reconciled version on Tuesday, December 12, before sending it to President Rodrigo Duterte for signing into law
The Philippine Tax Whiz proposes a flat tax rate based on gross for small businesses
Isidro Consunji, chairman of Semirara Mining and Power Corporation, says it would be 'discriminatory' if coal is singled out
Senate Minority Leader Franklin Drilon expects a difficult time in the bicameral conference committee due to polarizing provisions in the Senate and House versions
From the current tax of P10 per metric ton of coal, the Senate seeks to implement gradual increases over a 3-year period, ultimately reaching P300