incentives - updates

Rappler's latest stories on incentives


Territorial dispute: Pia Cayetano fumes over Marcos tackling Citira at committee hearing

Mar 09, 2020 - 9:14 PM

'Please don’t try to mediate,' Senator Pia Cayetano, chair of the ways and means committee, tells fellow senators. 'Resolve the jurisdictional issue.'

'CLARITY'. Senator Pia Cayetano says she wants clarity over Senate rules. Photo by Angie de Silva/Rappler

Duterte certifies Citira bill as urgent

Mar 09, 2020 - 6:40 PM

President Rodrigo Duterte's certification allows the Senate to pass the bill on 2nd and 3rd readings on the same day

ASPIRING HUB. The Philippines aims to become a regional automotive production hub by offering fiscal and non-fiscal perks to automakers. File photo by Romeo Gacad/AFP

PEZA asks Senate to delay Citira passage amid coronavirus crisis

Mar 09, 2020 - 5:00 PM

With the coronavirus crisis, Philippine Economic Zone Authority chief Charito Plaza finds an opening to appeal against the Citira bill anew

DELAY. PEZA Director General Charito Plaza speaks at the Senate hearing on the economic impact of coronavirus to the ecozones. Screengrab from Senate of the Philippines' Youtube

House approves bill granting more paid leaves to employees

Mar 03, 2020 - 4:50 PM

If passed into law, the House bill would increase the 5-day service incentive leave of Filipino workers to 10 days

WORK INCENTIVES. A man and a woman in an office setting. Image from Shutterstock

Bill lowering corporate tax moves to Senate plenary

Feb 19, 2020 - 9:05 PM

The Department of Finance hopes Citira will hurdle the Senate before Congress goes on break by March 14

TAX REFORM. Workers in a manufacturing plant. Shutterstock photo

Make establishments aware of athletes' discount law, says Agatha Wong

Dec 22, 2019 - 4:19 PM

‘Gets quite annoying to keep having to explain to managers that this kind of benefit actually exists You think I'm a liar?’ tweets wushu athlete Agatha Wong

FIGHT FOR HONOR. National wushu star Agatha Wong fights for awareness of the National Athletes and Coaches Benefits and Incentives Act. Photo by Ben Nabong/Rappler

TUCP fears job losses under Citira bill

Oct 13, 2019 - 3:50 PM

The Trade Union Congress of the Philippines urges government agencies to put in place a 'genuine transition program' for displaced workers before Citira's implementation – not after

JOB LOSS? Citing estimates by business groups, labor group Trade Union Congress of the Philippines says some 700,000 workers may lose their jobs with the passage of the Citira bill. File photos by AFP

In a twist, PEZA now supports Citira bill

Oct 09, 2019 - 5:10 PM

The Philippine Economic Zone Authority Board changes its tune after a 'cordial' meeting and now backs the bill seeking to rationalize tax perks

DepEd grants P1,000 cash benefit on World Teachers' Day

Oct 05, 2019 - 2:26 PM

DepEd Order No. 26 says the benefit would be granted to all public school teachers who were in service as of September 30

Students of Rafael Palma Elementary School gives flowers and other gifts to appreciate their teachers during celebration of teacher's Day in Manila on 2 October 2019. Photo by Lito Borras/Rappler

Pia Cayetano seeks 'sweet spot' for Citira bill

Sep 17, 2019 - 8:05 PM

Senate ways and means committee chairperson Pia Cayetano plays coy on the bill seeking to change the current fiscal incentives regime, but quips that like love, 'wala ring forever'

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.

'Noisy naysayers' vs Citira bill proven wrong by numbers, says DOF

Sep 11, 2019 - 3:10 PM

Finance Undersecretary Karl Chua says the surge in investment pledges in the 1st half of 2019 refutes claims of critics of the proposed Corporate Income Tax and Incentive Rationalization Act

Finance Undersecretary Karl Kendrick Chua says naysayers of the Citira bill are proven wrong by numbers. Photo by Angie de Silva/Rappler

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

PEZA urges Congress not to 'tinker' with tax perks for investors

Sep 02, 2019 - 5:50 PM

PEZA Director General Charito Plaza says the current incentives are already 'globally competitive' and could help the Philippines attract investors as companies avoid the US-China trade war

SC: Release P747-M retirement perks of ex-DBP employees

May 05, 2019 - 1:59 PM

The Supreme Court grants a petition questioning the Commission on Audit's notice of disallowance on the Development Bank of the Philippines' retirement program

Image from Wikicommons

Roxas suggests adding tax incentives for BPO companies to train workers

Apr 12, 2019 - 2:40 PM

Incentives will help the BPO industry keep up with present-day challenges, including artificial intelligence, machine learning, and big data, says the senatorial candidate

BPO PROSPECTS. Senatorial candidate Mar Roxas talks to BPO workers in a forum in Quezon City on April 11, 2019. Photo by Mara Cepeda/Rappler

PH para swim star Ernie Gawilan to get over P4 million bonus

Oct 19, 2018 - 6:33 PM

The Paralympic swimmer emerges as the most bemedalled Filipino in the 2018 Asian Para Games

HISTORIC. Ernie Gawilan sets an Asian Para Games swimming record. Photo by Janet Tenorio/PSC

Hidilyn Diaz gold worth P6M

Aug 22, 2018 - 12:10 AM

Another cash windfall awaits the Philippine weightlifting standout after reigning in the 2018 Asian Games

TRIUMPHANT. Gold medal winner Hidilyn Diaz of the Philippines (center) celebrates at the podium with silver medalist Kristina Shermetova of Turkmenistan (left) and bronze winnerKhambao Surodchana of Thailand. Photo by Money Sharma/AFP

P1 million for Asian Games gold

Aug 16, 2018 - 9:07 AM

Siklab Atleta Pilipinas Sports Foundation has offered a reward to top Filipino performers in the continental meet in Indonesia

BEST BET. Philippine weightlifting star Hidilyn Diaz leads the country’s campaign in the 2018 Asian Games. File photo Noel Celis/AFP

Arroyo prioritizes passage of fiscal incentives reform

Jul 31, 2018 - 1:14 PM

Speaker Gloria Macapagal-Arroyo says the tax reforms are part of her promise to fulfill President Rodrigo Duterte's legislative agenda in the House

TAX REFORM SUPPORT. Speaker Gloria Macapagal Arroyo says she will push for the passage of President Rodrigo Duterte's priority bills. File photo by Darren Langit/Rappler

COA orders 9 NFA provincial offices to return P6M in grocery allowances

Jun 17, 2018 - 8:45 PM

The Commission on Audit junks the appeals of National Food Authority provincial offices, saying that the allowances were released in 2012 without presidential approval

REFUND. COA is ordering officials and emplooyes of 9 NFA provincial offices to return P6-million food and grocery incentives they paid themselves in 2012.

Aside from tourism ads, auditors flag PTV's P157-M spending

May 03, 2018 - 2:22 PM

COA flags P67.179 million in damages not charged to suppliers, P10.456 million in incentives without approval, and a P1.3-million non-existent parking lot project

AUDIT REPORT. State-run television network PTV-4 is flagged by the Commission on Audit for millions worth of spending.

Customs employees to get P1.4M incentive each if...

Mar 07, 2018 - 6:38 PM

Customs chief Isidro Lapeña says the bureau has to sustain until yearend the P2-billion monthly collection surplus it has registered so far

PLDT to award up to 860,000 shares to key officers, employees

Sep 27, 2017 - 7:05 PM

The telco also aims to close 2017 with a higher recurring core income of P21.5 billion, from P20.16 billion in 2016

RIGHT TRACK. PLDT boss Manuel 'Manny' Pangilinan says the telco is on the right track but there are still many tasks ahead of PLDT. File photo by Alecs Ongcal/Rappler

Silver, bronze medalists in Palarong Pambansa 2017 to get more incentives

Apr 24, 2017 - 12:22 PM

Medalists can claim their cash incentives at the secretariat office located at the 2nd floor of the Department of Education Antique office

OPENING CEREMONY. Team ARMM chants Allahu Akbar as they parade along the streets of Antique for the Palaro. Photo by LeAnne Jazul/Rappler

Human rights part of trade conditions, EU reminds PH

Apr 02, 2017 - 8:46 AM

3rd UPDATE It s not 27 [human rights] conventions that we are imposing on you It s 27 conventions that you already signed up for in the UN system EU Ambassador Franz Jessen says

HUMAN RIGHTS. EU Ambassador to the Philippines Franz Jessen denies that the EU is 'imposing' human rights conventions on the Philippines. File photo courtesy from the EU Delegation to the Philippines' Facebook page

Cebu's Batang Pinoy medalists get double cash incentives

Jan 24, 2017 - 8:52 PM

Cebu s 81 person delegation finished 10th overall among more or less 300 local government unit delegations in November 2016’s Batang Pinoy National Finals

DOUBLE CASH INCENTIVES. The Cebu Province Batang Pinoy medalists with officials of the Cebu Provincial Sports Commission. Photo by Mars G. Alison/Rappler

The pitfalls of Special Economic Zones

Nov 10, 2016 - 4:35 PM

While SEZs generate foreign investment and employment they also deprive farmers of their land and distort the economy

What bonuses will public school teachers get by year-end?

Nov 09, 2016 - 3:46 PM

A teacher with a basic salary of P19 077 can get P34 077 up to P64 077 in bonuses

DOST officials liable for P10.6-M cash incentives – COA

Oct 25, 2016 - 8:00 AM

The Commission on Audit says this form of cash incentive has been going on since 2004 despite adverse audit reports observation memoranda and notices of suspension and disallowance

Cagayan State U employees seek reversal of COA ruling on P27-M bonus

Oct 04, 2016 - 10:25 AM

The petitioners say they were not given enough time to appeal the COA order leaving them no choice but to raise the matter before the Supreme Court

CSU VS COA. Fr Ranhilio Aquino (left) meets with employees of the Cagayan State University on their petition before the Supreme Court against the Commission on Audit. Photo by Raymon Dullana/Rappler

DTI, DOF looking to ‘modernize’ investment incentives

Sep 20, 2016 - 7:21 PM

Both agencies are working together to craft a new set of tax breaks to offer potential investors as ‘the icing on the cake’ to get them to invest in the country and hope to finalize the tax breaks by the end of the year says Trade Secretary Ramon Lopez

China says grain subsidies abide by WTO rules

Sep 14, 2016 - 10:15 PM

The United States is challenging China s unfair trade incentives worth 100 billion

A Chinese farmer harvests wheat at the field in Lixin county, east China's Anhui province on June 16, 2011. China's early dry spell has afflicted China's wheat heartland for a few months, causing mounting concern abroad that world commodity prices would soar if the country were to buy a large amount of the grain overseas due to a crop failure. CHINA OUT AFP PHOTO / AFP PHOTO / STR

#AskTheTaxWhiz: Is there tax on prizes for our sports heroes?

Aug 22, 2016 - 6:30 PM

A reader asks if sporting icons like Manny Pacquiao and Hidilyn Diaz get tax exemptions and if winners of local tournaments need to pay tax on their prizes

Hidilyn Diaz gets additional P2M incentive from Duterte

Aug 12, 2016 - 12:49 AM

Olympic silver medalist Hidilyn Diaz gets a surprise bonus during a courtesy visit with President Rodrigo Duterte in Davao

COURTESY CALL. Olympic silver medalist Hidilyn Diaz (L) meets with President Rodrigo Duterte (R) after arriving in the Philippines from Brazil Thursday. Photo by Manman Dejeto

Hidilyn Diaz to get P5M, other benefits required by law

Aug 09, 2016 - 4:52 PM

Senator Manny Pacquiao chairman of the Senate sports committee is set to conduct an inquiry into the government s failure to give incentives to winning athletes as mandated by law

SILVER. Hidilyn Diaz makes history as a silver medalist for the Philippines at the Rio Olympics. Photo by Nic Bothma/EPA

Grace Poe files bill to give incentives for award-winning independent films

Jul 20, 2016 - 3:51 PM

Senate Bill 165 or the Philippine Independent Film Incentives Act aims to give independent films that won international awards incentives

Senator Grace Poe and Senator Francis "Chiz" Escudero, Presidential and Vice Presidential candidate of Galing at Puso during meting de avance at Plaza Miranda in Quiapo, Manila. Photo by Arnold Almacen/Poe-Escudero Media Bureau

Palaro silver, bronze medalists to get incentives for first time

Apr 11, 2016 - 4:32 PM

Silver and bronze medalists this year will get P1 500 and P750 respectively

INCENTIVES. Student-athletes who bag silver and bronze medals will receive cash incentives for the first time at this year's Palarong Pambansa. Photo by Roy Secretario/Rappler

#AskTheTaxWhiz: Checklist when filing income tax returns

Apr 09, 2016 - 1:38 PM

A former BIR examiner lists down requirements when filing income tax returns by April 15

DEADLINE WORRIES. With about a week left before the deadline of filing income tax returns, Mon Abrea answers some tax concerns. Illustration by Mara Mercado/Rappler

IMF urges innovation to battle global growth slowdown

Apr 01, 2016 - 6:15 AM

The International Monetary Fund says businesses in advanced economies should invest 40 more in research and development on average

epa05161713 A Chinese investor uses mobile phone to check the share prices at a securities brokerage house in Beijing, China, 15 February 2016. Chinese stock market opened lower on 15 February which is the first trading day after Chinese Spring Festival holidays that the benchmark Shanghai Composite Index down 2.84 percent at 2,684.96 points and the Shenzhen index opened 2.98 percent lower at 9,385.52 points. EPA/WU HONG

Gov’t to roll out incentives program for auto firms

Jan 14, 2016 - 7:52 PM

Car and car parts manufacturers in the country can begin applying for the CARS program on January 15

#AskTheTaxWhiz: Filing income tax returns

Jan 02, 2016 - 11:45 AM

A former BIR examiner explains the filing of income tax returns – from paying hefty penalties to starting new businesses

#AskTheTaxWhiz: Tax incentives for ‘quality’ movies and Miss Universe?

Dec 29, 2015 - 4:30 PM

Do films like ‘Honor thy Father’ get tax breaks? What can newly crowned Miss Universe Pia Wurtzbach expect to pay in local taxes?

Tax Incentives and Management Act now a law

Dec 10, 2015 - 8:44 AM

UPDATED The law aims to monitor and evaluate tax incentives granted by government to the private sector

President Benigno S. Aquino III delivers his speech during the Integrity Summit 2015 held at the Rizal ballroom Shangrila Hotel in Makati City. (Wednesday Dec. 9, 2015). The Integrity Summit aims to recognize the private sector’s effort and commitment to develop a culture of integrity alongside the creation of strategic integrity alliances across all sectors,Themed "Investing in Integrity," the event enjoins all sectors to heed the urgent call to go beyond fighting corruption towards building systems for integrity and multi-sector circles of integrity. (Photo By Lauro Montellano Jr. /Malacañang Photo Bureau)

Business to wait for next administration for new fiscal incentives

Oct 19, 2015 - 8:30 AM

The head of the Makati Business Club says rushing the legislation of the fiscal incentives bill might risk the country s competitiveness

Aquino: PH will be 'first-world' within generation if reforms continue

Jul 27, 2015 - 10:00 PM

This is just the beginning you haven’t seen anything yet President Aquino says as he details in his last State of the Nation Address the economic gains under his watch

President Benigno Aquino III delivers his last SONA in the joint session during the 16th congress at the House of Representatives in Quezon City on Monday, July 27, 2015. Photo by Ben Nabong/Rappler

Marriott Manila opens PH’s largest ballroom

Jun 24, 2015 - 4:00 PM

The new ballroom features 8 000 square meters of function space and is aimed as top venue for MICE – meetings incentives conventions and exhibitions industry

Teachers, DepEd employees to get productivity pay soon

Jun 24, 2015 - 2:55 PM

The budget department has released P14 billion for the Productivity Enhancement Incentive of teachers and other DepEd employees equivalent to a month s salary

Senate passes Tax Incentives Management and Transparency Act

Jun 08, 2015 - 7:21 PM

The bill aims to monitor and evaluate tax incentives granted to private sector