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ARTICLE FINDER

#AskTheTaxWhiz: Taxes for importers

Oct 19, 2018 - 9:40 AM

The Philippine Tax Whiz explains the taxes that importers should pay, including the value-added tax on imported goods and certain exemptions

FACILITATING DELIVERY. The Bureau of Customs hopes that raising the de minimis value will help speed up the processing of shipments. File photo by Jay Directo/AFP

#AskTheTaxWhiz: VAT or non-VAT taxpayer?

Sep 05, 2018 - 11:00 AM

The Philippine Tax Whiz explains when to register as a VAT or non-VAT taxpayer, for the self-employed and professionals

Saudi, UAE introduce VAT in first for Gulf

Jan 01, 2018 - 8:44 PM

The other Gulf states – Bahrain, Kuwait, Oman, and Qatar – are also committed to introducing VAT but have delayed the move until early 2019

Senate approves tax reform bill on final reading

Nov 28, 2017 - 6:31 PM

Senate Minority Leader Franklin Drilon expects a difficult time in the bicameral conference committee due to polarizing provisions in the Senate and House versions

Senate wants no VAT for P15,000 and below housing rent

Nov 27, 2017 - 2:50 PM

This is in contrast to the version of the House of Representatives, which scrapped the P10,000 VAT exemption for housing rent

Gulf states say goodbye to tax-free reputation

Oct 01, 2017 - 12:03 PM

The 6 states are now taking austerity measures a step further with the plan to introduce value-added tax, ending their decades-old reputation for being tax havens

In this file photo, people shop at the Dubai Mall on June 1, 2016 in the Gulf emirate of Dubai. Marwan Naamani/AFP

Senate files version of tax reform bill seen to exempt 3.2 M Filipinos from income tax

Sep 20, 2017 - 11:23 PM

The Senate ways and means committee estimates that its version of the bill will earn the government P148 billion in revenue despite exempting an estimated 64% of workers from paying income tax

BPOs 'safe' from tax reform, sugar-sweetened milk under deliberation

Aug 10, 2017 - 7:35 PM

Finance Secretary Carlos Dominguez III says incentives for BPO companies will remain The fate of milk products in the proposed tax reform package however is still up in the air

House passes reform bill, with higher tax rate for 'super-rich'

May 31, 2017 - 5:53 PM

While HB 5636 will lower personal income tax rate to 25 VAT exemptions will be lifted on several sectors

APPROVED. The House approves the first batch of tax reforms being proposed by the Duterte administration. Photo by Mara Cepeda/Rappler

Duterte certifies tax reform bill as urgent

May 29, 2017 - 4:00 PM

The House of Representatives could approve the bill on both 2nd and 3rd readings this week

President Rodrigo Duterte now wants the House to prioritize the tax reform bill before it adjourns session this week. File photo by Malacañang  President Rodrigo Duterte now wants the House to prioritize the tax reform bill before it adjourns session this week. File photo by Malacañang

No more lifting of VAT exemptions for cooperatives

May 24, 2017 - 1:20 PM

Speaker Pantaleon Alvarez agrees to retain the VAT exemptions for cooperatives in the proposed tax reform package at the request of party list representatives

TAX REFORM. An amendment to the comprehensive tax reform package is expected to be introduced at the plenary following the decision of the House leadership to retain the VAT exemption on cooperatives. File photo by Ben Nabong/Rappler

House begins debates on Duterte tax reform package

May 23, 2017 - 11:05 PM

House ways and means committee chairperson Dakila Cua estimates P157 2 billion in government revenues will be generated from the tax reform package in its first year of implementation

PLENARY. Lawmakers hold their plenary session on May 23, the same day the tax reform package was sponsored for 2nd reading. Photo by Mara Cepeda/Rappler

FULL TEXT: Sugar-sweetened beverage taxes promise P47B revenue – Suansing

May 23, 2017 - 8:46 PM

Nueva Ecija 1st District Representative Estrellita Suansing says collection will be used to assist sugar farmers and fund school based feeding programs

SPONSOR. Nueva Ecija 1st District Representative Estrellita Suansing delivers her sponsorship speech for the tax reform package. Screengrab from the House Youtube account

FULL TEXT: Revenue from tax reform to improve Filipinos' lives – Cua

May 23, 2017 - 8:30 PM

The House ways and means committee chairman says the package aims to generate revenue for social welfare infrastructure education healthcare job generation among others

SPONSOR. House ways and means committee chairperson Dakila Cua delivers his sponsorship speech for the tax reform package. Screengrab from the House Youtube account

Higher loan interest rates if VAT exemptions for coops lifted – lawmaker

May 22, 2017 - 5:40 PM

House committee on cooperative development chairperson Rico Geron says he will oppose the tax reform package if it will include the removal of the VAT exemptions for cooperatives

PRO-COOPS. Agricultural Sector Alliance of the Philippines Representative Rico Geron opposes the proposal to take out the VAT exemption on cooperatives. Photo by Mara Cepeda/Rappler

House committee approves Duterte tax reform package

May 03, 2017 - 7:50 PM

The House ways and means panel is also eyeing a provision imposing an additional P10 excise tax on sugar sweetened beverages and carbonated drinks

TAX REFORM. House committee on ways and means chairperson Dakila Cua leads the panel tackling the Department of Finance's proposed tax reform package. File photo by Rappler

#AskTheTaxWhiz: Is the proposed tax reform package really pro-poor?

Feb 26, 2017 - 6:00 PM

The Philippine Tax Whiz shares what the public must know about the Tax Reform for Acceleration and Inclusion TRAIN bill

#AskTheTaxWhiz: Tax on Valentine's?

Feb 14, 2017 - 12:15 PM

The Philippine Tax Whiz answers questions about donor s tax sending gifts to loved ones through balikbayan boxes and value added tax

The problem with our tax system and how it affects us

Jan 21, 2017 - 3:00 PM

Not only do our taxes disproportionately burden the poor and benefit the rich but they also yield too little revenue given the distortions they create Needless to say both problems need to be resolved soon

VAT-free shopping for PWDs starting Dec 23

Dec 22, 2016 - 4:31 PM

The new benefit is on top of the 20 discount PWDs are already entitled to under the Magna Carta for Disabled Persons

MORE DISCOUNTS. Persons with disabilities can enjoy VAT-free purchases starting Friday, December 23, 2016. Photo by George Moya/ Rappler

Discounts, VAT exemptions now available to PWDs

Dec 01, 2016 - 7:09 PM

Social Welfare Secretary Judy Taguiwalo signs the implementing rules and regulations of Republic Act 10754 An Act Expanding the Benefits and Privileges of Persons with Disability

PWD RIGHTS. Persons with disabilities are entitled to the same rights regularly-abled persons enjoy. Rappler file photo

Recto: Why the delay in implementing VAT exemption for PWDs?

Oct 28, 2016 - 10:04 PM

The Senate Minority Leader says 7 months since the law was signed concerned government agencies have yet to promulgate its implementing rules and regulations

DOF eyes higher VAT exemption threshold as 'safety net for the poor'

Oct 26, 2016 - 9:40 PM

The Department of Finance also defends measures criticized as anti poor – the proposed higher fuel excise tax and the planned removal of certain VAT exemptions

House panel wants tax reform bill passed mid-2017

Oct 17, 2016 - 3:15 PM

The House committee on ways and means meets with the Department of Finance to discuss possible changes to the anti poor measures under the proposed tax reform package

TAX REFORM. House committee on ways and means chairperson Dakila Cua leads the panel tackling the DOF's proposed tax reform package. Photo by Rappler

DOF tax reform proposal ‘anti-poor’ – lawmakers

Sep 29, 2016 - 6:00 PM

Speaker Pantaleon Alvarez also calls out the DOF for failing to include specific proposals to make tax collection more efficient

ANTI-POOR REFORMS. The Makabayan bloc airs their reservations against the DOF's proposed tax reform on September 29. Photo by Mara Cepeda/Rappler

Removal of seniors' VAT exemptions 'counter-productive' – lawmakers

Sep 27, 2016 - 2:40 PM

In our culture we respect senior citizens So why would we remove the exemption granted to them? asks veteran politician and Northern Samar 1st District Representative Raul Daza

NO TO VAT REMOVAL. Northern Samar 1st District Representative Raul Daza (1st from left) and Albay 1st District Representative Edcel Lagman (2nd from right) both oppose the removal of VAT exemptions on senior citizens. Photo by Mara Cepeda/Rappler

Poor to be shielded from fuel excise tax increase – DOF

Sep 05, 2016 - 7:03 PM

Socioeconomic Planning Secretary Ernesto Pernia says now is the best time to adjust fuel excise taxes when crude oil prices are low and impact on inflation is almost negligible

'BEST TIME.' NEDA chief Ernesto Pernia points out that every P1-per-liter increase in fuel prices would translate into an inflation spike of just 0.1 percent. Rappler file photo

Duterte admin keeping seniors' 20% discount, most VAT exemptions

Aug 31, 2016 - 2:45 PM

But the VAT exemption granted to senior citizens when dining in restaurants will be lifted says the DOF because such discounts are usually availed of by affluent senior citizens

VAT ON SENIOR CITIZENS. The VAT exemption granted to seniors when dining in restaurants will be lifted. Photo by Mark Saludes/Rappler

Extrajudicial killings, tax reform, Prince | 12PM wRap

Aug 23, 2016 - 12:39 PM

Watch the 12PM wRap with Paterno Esmaquel

Gov't tax reform to cost P173.8B in lost revenue

Aug 22, 2016 - 8:49 PM

To offset the loss the government is planning a series of measures such as eliminating some VAT exemptions and fiscal incentives

SPENDING BREAKDOWN. (from left) Socioeconomic Planning Secretary Ernesto Pernia, Budget secretary Benjamin Diokno and Finance Secretary Carlos Dominguez III detail the particulars of the 2017 budget to members of congress at the House of Representatives on August 22. Photo by Chrisee dela Paz/Rappler

#AskTheTaxWhiz: Updating BIR records from freelancer to employee

Jul 22, 2016 - 5:36 PM

Taxpayers who need to update their status from self employed to employee ask about confusing BIR regulations

#AskTheTaxWhiz: Can't we make tax compliance easier?

Jul 13, 2016 - 6:35 PM

A taxpayer who owns a small business asks about confusing VAT regulations

Aquino signs law on VAT exemption for PWDs

Mar 30, 2016 - 9:15 AM

2ND UPDATE Filipinos with disabilities can breathe a sigh of relief following the signing of Republic Act 10754 which now allows them to fully enjoy their mandated discounts

#AskTheTaxWhiz: How millennials can revolutionize the tax system

Feb 23, 2016 - 2:00 PM

What should I do to get started on formal taxes? Can the youth be catalysts for genuine tax reform?

Angara: High taxes may drive Filipino workers to ASEAN neighbors

Oct 25, 2015 - 10:27 PM

As ASEAN integration looms Senator Angara fears that the country s high tax will drive skilled workers to look elsewhere in the region

PH tax system turns off foreign investors – Binay

Oct 07, 2015 - 5:52 PM

The Vice President says lower income tax rates will draw more foreign investments resulting in more jobs for the people and more revenues for the government

Lower income tax rates? Aquino 'not convinced' it's good idea

Sep 14, 2015 - 4:58 PM

UPDATED President Benigno Aquino III says the proposal to raise VAT in exchange for lowering income tax levels will not benefit the majority

Palace: No new or higher taxes, income tax cuts

Sep 05, 2015 - 3:40 PM

Communications Secretary Herminio Coloma Jr says the BIR is not proposing higher VAT rates and that the government will only focus on improving tax collection

Beverage makers: Soft drink tax to 'burden' consumers, economy

Jun 19, 2015 - 7:31 PM

The Beverage Industry Association of the Philippines cites 4 reasons why it believes the proposed tax measure would be counterproductive

Sugar prices rise on increased demand and VAT fears

Apr 13, 2015 - 8:30 AM

The DTI warns of further price increases as the BIR plans to impose a VAT on raw and refined sugar

#AskTheTaxWhiz: Should I pay VAT for my 2012 non-VAT sales?

Mar 19, 2015 - 9:59 AM

Why are they asking me to pay taxes more than my actual income in 2012?

Spend on infrastructure to break PH growth ceiling – World Bank

Feb 02, 2015 - 3:23 PM

Increasing excise tax in gasoline plus taking advantage of the current oil price drop could help the country raise revenues for infrastructure spending

#AskTheTaxWhiz: What is a tax refund?

Nov 15, 2014 - 2:43 PM

Are all employees eligible to get a refund? Also what is a VAT refund?

#AskTheTaxWhiz: What is ‘Oplan Kandado?’

Nov 05, 2014 - 2:51 PM

Also do I have to register with BIR to issue official receipts for my additional compensation? And what is the difference between tax evasion and tax avoidance?

#AskTheTaxWhiz: Are all professionals subject to VAT?

Aug 06, 2014 - 11:14 AM

If you don t register as VAT taxpayer are you still required to pay VAT?

#AskTheTaxWhiz: Are small businesses required to withhold taxes?

Jul 30, 2014 - 2:52 PM

You just registered a small business Should you withhold taxes?

#AskTheTaxWhiz: Are online freelancers required to register with BIR?

Jul 23, 2014 - 3:45 PM

You re an online freelancer and barely making profit should you register? Are you subject to VAT?

TRO issued vs 12% VAT on raw sugar

Nov 24, 2013 - 11:14 PM

The Philippine Sugar Milling Association questions the validity of a new BIR resolution redefining the definition of raw sugar

A plantation worker extracts juice to make unrefined sugar in La Castellana, on the central Philippine island of Negros, 31 January 2008. Photo by Jay Directo/AFP

Tax raps under Aquino govt now at 160

Apr 04, 2013 - 8:48 PM

None of the complaints filed under the name and shame campaign of the tax bureau has led to conviction

PAY YOUR TAXES. BIR Commissioner Kim Jacinto-Henares urged Filipinos to pay the right taxes. Photo by Cai Ordinario

Diokno revives call for higher VAT

Jan 17, 2013 - 11:30 AM

The former budget chief says the government must broaden the country s tax base so it could spend more for infrastructure