Philippines taxes - updates

Rappler's latest stories on Philippines taxes

ARTICLE FINDER

Senate panel OKs bill increasing cigarettes, alcohol taxes

Sep 25, 2019 - 6:01 PM

If passed, the new set of taxes for alcohol and cigarette products will yield P40 billion to P50 billion in revenues

HIGHER TAXES. Senator Pia Cayetano introduces to the plenary Senate Bill No. 1074 seeking to increase alcohol and cigarette taxes. Photo by Angie de Silva/Rappler

House passes Citira bill on 3rd reading

Sep 13, 2019 - 3:22 PM

A total of 170 members of the House of Representatives vote in favor of the Duterte administration's 2nd tax reform package

[ANALYSIS] Will Duterte’s new tax measure kill foreign investments?

Sep 12, 2019 - 5:00 PM

Many other things could make or break our country’s attractiveness to investors. Citira's stricter investment incentives may be the least of our worries.

2nd tax reform package renamed Citira, hurdles 2nd reading in House

Sep 09, 2019 - 7:32 PM

The House of Representatives approves the Corporate Income Tax and Incentive Rationalization Act (Citira) on 2nd reading

House panel OKs Trabaho bill

Aug 14, 2019 - 3:51 PM

House committee on ways and means chair Joey Salceda is expected to sponsor the Trabaho bill for 2nd reading on the same day his panel approves it

BUSINESSES. The Trabaho bill aims to reduce the corporate income tax rate from 30% to 20%. File photo by LeAnne Jazul/Rappler

#AskTheTaxWhiz: Tax amnesty on delinquencies

Mar 06, 2019 - 7:40 PM

The Philippine Tax Whiz breaks down the tax amnesty on delinquencies

New tax amnesty law has no spirit, says expert

Feb 20, 2019 - 2:35 PM

For tax expert Mon Abrea, President Rodrigo Duterte should have thrown out the tax amnesty law completely, as it is now unable to execute its main goals

Duterte vetoes 'overgenerous' general tax amnesty

Feb 18, 2019 - 5:10 PM

President Rodrigo Duterte vetoes the general tax amnesty provision of Republic Act No. 11213, which would have provided relief to people who failed to pay correct taxes

Oil price hike on January 8 not due to Train Law – DOE

Jan 07, 2019 - 6:23 PM

Oil companies will hike diesel prices by P0.70 per liter and gasoline by P0.80 per liter amid price movements in the global market

INCREASES. Global market forces force local players to slightly increase gas prices. Photo by Darren Langit/Rappler

Tax Academy to offer public finance, online courses in 2019

Dec 26, 2018 - 5:42 PM

Finance Undersecretary Gil Beltran says this setup will make courses of the Philippine Tax Academy available to all personnel of revenue agencies

#AskTheTaxWhiz: New interest penalties under TRAIN law

Dec 12, 2018 - 3:15 PM

The Philippine Tax Whiz discusses the new rules on interest penalty under the Tax Reform for Acceleration and Inclusion law

Because of OSG lapse, SC upholds Mikey Arroyo’s acquittal in tax case

Dec 05, 2018 - 11:32 AM

The appeal is junked because the Office of the Solicitor General committed procedural lapses

DISMISSED APPEAL. The Supreme Court dismisses the government appeal on the acquittal of Mikey Arroyo in his P27 million tax evasion case. Photo by LeAnne Jazul/Rappler

Supreme Court: Tax on non-life insurance still effective

Dec 05, 2018 - 8:25 AM

The Supreme Court reverses an earlier ruling of the Makati City Regional Trial Court

Supreme Court of the Philippines in PAdre Faura on June 19, 2018. Photo by LeAnne Jazul/Rappler

#AskTheTaxWhiz: What are deductions, exemptions from gross income?

Dec 04, 2018 - 3:55 PM

The Philippine Tax Whiz discusses the changes to allowable deductions under the Tax Reform for Acceleration and Inclusion law

#AskTheTaxWhiz: What are the new alphanumeric tax codes under TRAIN?

Nov 21, 2018 - 3:30 PM

The Philippine Tax Whiz consolidates all the new alphanumeric tax codes (ATCs) under the Tax Reform for Acceleration and Inclusion law

Senate approves tax amnesty bill on final reading

Nov 19, 2018 - 7:10 PM

If passed into law, the bill would grant amnesty on all unpaid internal revenue taxes, including estate, value-added, and excise taxes, in 2017 and previous years

#AskTheTaxWhiz: How the TRAIN law affects documentary stamp tax

Nov 16, 2018 - 11:00 AM

The Philippine Tax Whiz discusses the changes in documentary stamp tax rates under the Tax Reform for Acceleration and Inclusion law

Will they or won't they? DOF to review fuel tax hike suspension

Oct 18, 2018 - 3:15 PM

The Department of Finance sees less pressure to suspend the fuel excise tax hike in 2019, with Dubai crude prices possibly tapering off in the last quarter of 2018

Duterte to suspend fuel tax increase under TRAIN law

Oct 14, 2018 - 4:05 PM

(3rd UPDATE) President Rodrigo Duterte is implementing this in a bid to ease inflation and 'allow the public to manage their finances better'

Curent oil price hike gas prices. Photo by Jire Carreon/Rappler

Senators' election plans bog down Trabaho bill – think tank

Oct 08, 2018 - 9:44 PM

The Action for Economic Reforms says Senator Sonny Angara can pass on the Trabaho bill to other lawmakers if he fears the measure will hurt his reelection bid

Rappler Talk: Dissecting the Trabaho bill

Oct 01, 2018 - 3:10 PM

Rappler talks to Chito Zaldarriaga, president of the Philippine Ecozones Association, about their take on the Duterte administration's second tax reform package

#AskTheTaxWhiz: What does the Trabaho bill offer?

Sep 17, 2018 - 3:00 PM

The Philippine Tax Whiz discusses the impact of the Trabaho bill to ordinary taxpayers

Foreign chambers on Trabaho bill: 'Leave PEZA alone'

Sep 12, 2018 - 5:12 PM

'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

INVESTMENTS. Joint Foreign Chambers of Commerce of the Philippines cautions the government from the current version of the Trabaho bill. Photo by Aika Rey/Rappler

House approves Trabaho bill on 3rd reading

Sep 10, 2018 - 4:50 PM

(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

OVERWHELMING SUPPORT. Only 14 lawmakers say no to the Tax Reform for Attracting Better and Higher Quality Opportunities bill. File photo by Darren Langit/Rappler

House approves Trabaho bill on 2nd reading

Sep 04, 2018 - 6:35 PM

Speaker Gloria Macapagal Arroyo herself is present at the plenary to ensure the approval of the tax reform measure

TAX REFORM. The House of Representatives approved the Trabaho bill on 2nd reading on September 4. 2018. File photo by Darren Langit/Rappler

[OPINION] Tax carbon emitters, use new revenue for health care

Aug 23, 2018 - 8:57 AM

Will our lawmakers seize this golden opportunity or will they resign us to a future of unintended consequences?

Job losses 'very minimal' under Trabaho bill – DOF

Aug 22, 2018 - 1:45 PM

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

JOBS. Finance Undersecretary Karl Kendrick Chua says lowering of corporate income taxes mean more jobs. Photo by Toto Lozano/Presidential Photo


How damaged assets can reduce your income tax

Aug 19, 2018 - 7:20 PM

Our tax laws allow casualty losses to be claimed as deduction for income tax purposes

LIVE: Senate hearing on TRAIN law's impact on inflation

Aug 16, 2018 - 9:42 AM

Watch the hearing live on Thursday, August 16

Expand Train law subsidies for poor in 2019 budget

Aug 07, 2018 - 8:38 PM

Senator Paolo Benigno Aquino IV says those who need subsidy exceed the 10 million projected under the budget department

EXPAND SUBSIDIES. Senator Bam Aquino said subsidies given to the poor as a mitigating measure of the tax reform law should be expanded in the proposed 2019 national budget. File photo by Angie de Silva/Rappler

Private hospitals warn TRAIN 2 will jack up medical bills

Aug 06, 2018 - 5:15 PM

The Private Hospitals Association of the Philippines also says cutting corporate tax incentives would lead to the closure of some hospitals

BILLS. The Private Hospitals Association of the Philippines, Inc. warns patients will shell out more for healthcare if tax perks will be cut. Rappler file photo

#AskTheTaxWhiz: Planning to buy a car?

Jun 26, 2018 - 10:45 AM

The Philippine Tax Whiz explains the impact of the Tax Reform for Acceleration and Inclusion (TRAIN) law on the prices of automobiles

#AskTheTaxWhiz: Social mitigating measures of tax reform law

Jun 20, 2018 - 3:00 PM

The Philippine Tax Whiz lets us know about provisions in the TRAIN law meant to help the poorest of the population

[EDITORIAL] #AnimatED: The bad joke that is Benjamin Diokno

Jun 04, 2018 - 9:00 AM

Step down from your ivory tower and embrace reality – the reality of the shrinking peso, in the truest meaning of the word

[OPINION] Higher inflation: Is TRAIN to blame? (Part 1)

Jun 02, 2018 - 10:33 PM

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.

Senators urge gov't to suspend excise taxes on fuel

May 25, 2018 - 4:34 PM

'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

The burden of TRAIN law on Filipino mothers

May 13, 2018 - 11:37 PM

Mothers feeling the pinch due to the TRAIN law gather in Mendiola to ask the government to make adjustments and address people's needs

A Filipino mother masked with a crying face poses like a balancing weighing scale, during the small protest held on Thursday, May 10 at Mendiola, Manila, to appeal to the government to review the TRAIN law. Photo by Eloisa Lopez/Rappler

Calida defends tax reform: Poor 'shielded' by gov't cash handouts

May 01, 2018 - 5:21 PM

Bayan Muna Representative Carlos Zarate says Solicitor General Jose Calida's argument is 'deceptive and misleading'

FUEL TAX. Solicitor General Jose Calida says higher taxes on fuel only has a 0.1% maximum effect on transporation rates. File photo by Ben Nabong/Rappler

Taxes on sugary drinks hurt sari-sari stores – survey

Apr 19, 2018 - 4:40 PM

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

PRICE HIKES.The retail price of a one-liter bottle of Coca-Cola, for instance, is projected to increase to P43 from the current P31, due to the tax reform law. Photo by Chrisee Dela Paz/Rappler

#AskTheTaxWhiz: ITR filing deadline in April 2018 and more

Apr 04, 2018 - 4:55 PM

The Philippine Tax Whiz answers taxpayers' key questions on the filing of annual income tax returns

[EDITORIAL] #AnimatED: Unti-unti, sinasakal na si Juan ng bagong buwis

Mar 12, 2018 - 9:00 AM

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%

Senate committee to probe new threat vs BPO sector

Mar 11, 2018 - 3:07 PM

This comes after a Malacañang veto effectively raised the cost of doing business in the Philippines, says Senator Paolo Benigno Aquino IV

TRAIN EFFECTS. The Senate Committee on Science and Technology is set to probe tax reform effects on the Philippine BPO sector. File photo by AFP

With carbon pricing, Train Law can help reduce pollution

Feb 28, 2018 - 10:00 AM

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

#AskTheTaxWhiz: Withholding tax

Feb 22, 2018 - 8:00 PM

The Philippine Tax Whiz answers questions about withholding tax following the implementation of the tax reform law

#AskTheTaxWhiz: The BIR's revenue target for 2018

Feb 13, 2018 - 9:00 AM

'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'

#AskTheTaxWhiz: Will I qualify for the 8% flat tax rate on gross sales?

Feb 11, 2018 - 4:31 PM

The Philippine Tax Whiz lists down the criteria which self-employed individuals or professionals must meet to qualify for the 8% flat tax rate

Tax calculator: Compute your new income tax

Feb 02, 2018 - 9:00 AM

Here's a step-by-step guide to compute for your new income tax under the tax reform law

INCREASE. Majority of taxpayers can expect higher take-home pay starting in January 2018.

#AskTheTaxWhiz: Have you received your ITR?

Jan 31, 2018 - 10:35 AM

The Philippine Tax Whiz reminds employers that they should release BIR Form 2316 to employees by Wednesday, January 31

#AskTheTaxWhiz: Beauty comes with a price, plus tax

Jan 28, 2018 - 8:00 PM

The Philippine Tax Whiz answers questions on the new excise tax on cosmetic surgery

DOF bolsters new tax academy with scholarships

Jan 25, 2018 - 1:54 PM

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