exemptions - updates

Rappler's latest stories on exemptions


#AskTheTaxWhiz: VAT exemptions, discounts for PWDs

Sep 20, 2019 - 9:00 PM

The Philippine Tax Whiz discusses the discounts available to persons with disabilities and which items are exempt from value-added tax

#AskTheTaxWhiz: Documentary requirements for VAT-exempt medicines

Apr 26, 2019 - 4:00 PM

The Philippine Tax Whiz discusses the documentary requirements for VAT-exempt medicines

#AskTheTaxWhiz: VAT-exempt medicines and other 2019 TRAIN provisions

Jan 23, 2019 - 12:00 PM

The Philippine Tax Whiz discusses provisions of the Tax Reform for Acceleration and Inclusion law taking effect in 2019

U.S. to exempt China, India, Japan from Iran oil sanctions

Nov 05, 2018 - 11:19 PM

US Secretary of State Mike Pompeo says 8 countries would be at least temporarily exempt from the ban on buying Iranian oil due to special circumstances or so as not to disrupt energy markets

WASHINGTON, DC - APRIL 13: Central Intelligence Agency Director Mike Pompeo delivers remarks at The Center for Strategic and International Studies April 13, 2017 in Washington, DC. This was the first public remarks by Pompeo since he took the helm at the U.S. spy agency. Chip Somodevilla/Getty Images/AFP

#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

Books will stay tax-exempt under Trabaho bill – DOF

Sep 25, 2018 - 2:35 PM

'Contrary to the wrong information spreading online, the Trabaho bill will not remove the VAT and customs duties exemption on the publication, sale, and importation of books,' says the Department of Finance

India withdraws controversial tax on sanitary pads

Jul 22, 2018 - 6:30 PM

'I think all women will be happy to know that sanitary pads will now have 100% exemption,' says India's acting finance minister Piyush Goyal

NO TAX. In this file photo taken on April 10, 2018 Indian employees at the Myna Mahila Foundation prepare sanitary pads at their office in Mumbai. India has withdrawn a controversial tax on sanitary pads as a part of slew of changes to its national goods and services tax ahead of next year's general election. Photo by Indranil Mukherjee/AFP

Taiwan extends visa-free entry for Filipinos until July 2019

Jul 12, 2018 - 11:56 AM

The trial period of the visa-free privilege 'will continue until July 31, 2019, and will be reviewed for further extension,' says the Taipei Economic and Cultural Office

VISA-FREE. Taiwan extends the visa-free privilege for Filipinos until July 31, 2019. File photo by Mandy Cheng/AFP

Flying to BIMP-EAGA? Travel tax waived for certain travelers

May 10, 2018 - 6:30 PM

BIMP-EAGA includes Brunei, Indonesia, and Malaysia, and the travel tax exemption aims to 'accelerate economic development in Mindanao and Palawan'

DUTERTE'S ORDER. President Rodrigo Duterte orders the travel tax exemption of Mindanao and Palawan travelers flying to BIMP-EAGA. Malacañang file photo

Senate OKs P250K annual income tax exemption

Nov 22, 2017 - 2:42 PM

The Senate follows the version of the Department of Finance and House of Representatives

Photo by Camille Elemia/Rappler

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

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

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

#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

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

Implement new tax exemption rules on balikbayan boxes – Angara

Nov 12, 2016 - 2:53 PM

Senator Juan Edgardo Sonny Angara says this will help overseas Filipino workers OFWs sending home goods for Christmas

TAX EXEMPTION. A new law imposes a higher tax exemption ceiling on balikbayan boxes. File photo from the Bureau of Customs

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

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

Aquino signs law increasing tax-exempt value of balikbayan boxes

May 31, 2016 - 7:04 PM

UPDATED President Benigno Aquino III signs the Customs Modernization and Tariff Act which is expected to reduce corruption in the Bureau of Customs as well as technical smuggling in the country

GOOD FOR OFWS. With the new law, OFWs will now pay less whenever they send balikbayan boxees to their loved ones in the Philippines. File photo by Jay Directo/AFP

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

Binay's proposed income tax exemption ‘good for the masses’

Feb 11, 2016 - 7:23 PM

The Vice President plans to convene the Legislative Executive Development Advisory Council during his first 100 days to push for his income tax exemption proposal

FOR THE SAKE OF THE POOR. Vice President Jejomar Binay delivers his speech during his campaign rally at the covered court of San Sebastian Recoletos de Cavite in Cavite City on February 11. He tells the crowd about his proposal to remove the income tax for employees earning P30,000 and below. Photo by Lito Boras/Rappler

Senate approves customs modernization act

Jan 18, 2016 - 9:47 PM

The act will modernize and digitize procedures raise tax exemptions on balikbayan boxes and raise penalties for smuggling

House panel OKs tax break for first-time home buyers

Dec 04, 2015 - 6:02 PM

Under the proposed measure first time home buyers are also entitled to at least 5 discount from housing contractors and suppliers

HOUSE FOR SALE. The bill aims to encourage people to purchase their own houses as construction boom may benefit the economy.

Pope to priests, nuns: Help refugees or pay taxes

Sep 18, 2015 - 11:47 AM

A religious school is tax exempt because it is religious but if it is functioning as a hotel then it should pay taxes just like its neighbor Pope Francis says

HOLY FATHER. Pope Francis delivers his Sunday Angelus prayer from the window of the apostolic palace overlooking St Peter's Square, Vatican City, on August 30, 2015. Photo by Claudio Peri/EPA

Doping claims overshadow Mayweather 'finale'

Sep 11, 2015 - 12:58 PM

Floyd Mayweather steps into the ring Saturday for what he says will be the last time amid accusations he violated anti doping rules

Photo by Ethan Miller/AFP

Pacquiao feels 'vindicated' by Mayweather IV controversy

Sep 11, 2015 - 12:09 AM

“Truth finally came out and I was vindicated ” says Manny Pacquiao after reports that Floyd Mayweather had taken a banned intravenous injection before their May fight

TUE-SDAY. Manny Pacquiao throws a right hand at Floyd Mayweather Jr as Mayweather lands a left. Photo by Chris Farina - Top Rank

Customs heeds Aquino's order on Balikbayan boxes

Aug 25, 2015 - 2:51 PM

The bureau will follow effective immediately President Aquino’s directive on no physical check of balikbayan boxes Customs Bert Lina says

 RLMPhotography2015/UBE Media/BOC-PIAD

Recto's balikbayan box bill to increase tax exemption to $2,000

Aug 24, 2015 - 10:33 PM

The proposed law seeks to exempt the tax exempt value of the contents of a balikbayan box to 2 000 from the current 500

#AskTheTaxWhiz: How are withholding taxes computed?

Jul 20, 2015 - 4:00 PM

And are all 13th month pay and bonuses exempted from income tax starting this year?

Injections could’ve numbed Pacquiao to Mayweather’s punches – commission

May 06, 2015 - 12:25 PM

If the Pacquiao camp had informed them about the shoulder injury before the fight a win win for both parties could have been negotiated says Nevada Athletic Commission executive director Bob Bennett

Floyd Mayweather Jr., and Manny Pacquiao fight in a welterweight unification bout on May 2, 2015 at the MGM Grand Garden Arena in Las Vegas, Nevada. Frederic J. Brown/AFP

Tax exemption cap only for 13th month, other bonuses – BIR

Mar 16, 2015 - 5:52 PM

The exclusion from gross income is not applicable to self employed individuals and income generated from business says the Bureau of Internal Revenue

Give Pacquiao tax exemption in Mayweather bout – senator

Feb 27, 2015 - 5:44 PM

Senator Aquilino Pimentel III wants to inspire the boxing champ with the incentive but Philippine tax laws do not exempt modern day heroes – the ‘People’s Champ’ included

INCENTIVE. Senator Aquilino Pimentel III believes Manny Pacquiao deserves a special tax exemption in his earnings from the May 2 fight with Floyd Mayweather Jr. Photo by Ethan Miller/Getty Images/AFP

BIR lowers quarterly revenue goals for 2015

Feb 16, 2015 - 1:00 PM

The Bureau of Internal Revenue sets the highest collection target in the second quarter of the year covering the April 15 deadline for income tax returns

10 with MERS symptoms, Purisima leaves, freed AJ staff | The wRap

Feb 13, 2015 - 7:02 PM

10 more are quarantined for MERS symptoms Ex police chief Purisima moves out of Crame Egypt frees Al Jazeera journalists

Aquino signs law raising tax exemption cap for bonuses

Feb 12, 2015 - 6:10 PM

UPDATED The new law raises the tax exemption ceiling on 13th month pay Christmas bonuses and other workers benefits to P82 000

AirAsia plane search, Bilibid probe, tax exemption | The wRap

Dec 29, 2014 - 9:05 PM

The search for the missing AirAsia plane continues The Justice secretary sacks more prison officials Some Filipino workers’ benefits are now tax exempt

Filipino workers to enjoy higher tax exemption

Dec 28, 2014 - 3:52 PM

The government allows an additional P10 000 worth of benefits starting January 15

VOTER'S REGISTRATION. Overseas absentee voters register for the 2016 elections at the Philippine embassy in Riyadh, Saudi Arabia, on Tuesday, May 6, 2014. Photo by the Philippine Embassy in Riyadh

House OKs P82k tax exemption cap for Christmas bonuses

Dec 01, 2014 - 7:27 PM

The House of Representatives adopts the Senate version of the bill It only needs the President s signature to become a law effective December 2015

Senate hikes proposed 13th month pay tax exemption to P82k

Nov 19, 2014 - 12:04 PM

The Senate which has passed the bill on second reading views the measure as a timely Christmas gift for hard working Filipinos

CHRISTMAS GIFT FOR WORKERS? Senator Juan Edgardo Angara (right) confers with Senate President Pro Tempore Ralph Recto during a hearing on the proposed higher tax exemption on workers' 13th month pay. File photo by Senate PRIB

Catholic school wins versus BIR's Henares

Nov 05, 2014 - 7:17 PM

A Makati court declares unconstitutional a BIR memorandum that requires schools to justify their tax exempt status

Christmas card to consumers: Raise tax exemption on 13th month pay

Oct 22, 2014 - 6:28 PM

Full text of Senate President Pro Tempore Ralph Recto s co sponsorship speech on the bill seeking to raise to P75 000 the amount of 13th month pay that is exempted from taxes

PASS THE LAW. Senator Ralph Recto delivers on October 22 his co-sponsorship speech on the bill raising to P75,000 the tax exemption on 13th month pay of workers. Photo of Recto's office

Tax exemptions: The pros and cons

Oct 18, 2014 - 2:15 PM

Rappler talks to Marikina City Representative Miro Quimbo on tax exemptions and its pros and cons

House OKs bill raising tax exemption cap for bonuses to P70k

Sep 26, 2014 - 11:58 PM

House Bill 4970 seeks to increase the ceiling for tax exemptions for Christmas bonuses and 13th month pay from P30 000 to P70 000

UFC fighter Chael Sonnen retires after drug test flub

Jun 13, 2014 - 3:53 AM

Chael Sonnen announces his retirement from mixed martial arts days after it was announced he tested positive for the banned substances Anastrozole and Clomiphene

Chael Sonnen, seen here during an April 2012 press conference for his fight with Anderson Silva, has announced his retirement after failing an out-of-competition performance enhancing drugs test. Photo by Antonio Lacerda/EPA

Weidman-Machida title tilt rescheduled for UFC 175

Mar 25, 2014 - 2:54 PM

Another major blow has hit the UFC 173 pay per view on May 24 as a knee injury forced middleweight champion Chris Weidman to withdraw from his championship clash against Lyoto Machida

RESCHEDULED. The bout between Chris Weidman (L) and Lyoto Machida (R) has been moved to UFC 175 after Weidman withdrew with a knee injury. Photos from Wikipedia

DOF opposes plan to raise 13th month pay tax exemption cap

Feb 20, 2014 - 4:31 PM

Raising the cap will result in billions of pesos in foregone revenues that government can use for social services says the Finance department

DEFICIT SPENDING. The Philippines is hard-pressed to shore up tax collections to trim its budget deficit. AFP Photo

Congress to raise 13th month pay tax exemption cap

Feb 18, 2014 - 11:31 AM

Drilon says Congress will prioritize a bill raising the tax exemption cap on the 13th month pay to P75 000 from P30 000

Napoles was basis for BIR clampdown on schools

Jan 14, 2014 - 8:30 PM

Napoles NGO scam prompts the BIR to go after schools and foundations