Rappler's latest stories on income
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'
A total of 170 members of the House of Representatives vote in favor of the Duterte administration's 2nd tax reform package
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.
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
But Gabriela Representative Arlene Brosas says the Pifita bill 'grossly favors the rich who make fortunes out of thin air in the financial sector'
The House of Representatives approves the Corporate Income Tax and Incentive Rationalization Act (Citira) on 2nd reading
The Passive Income and Financial Intermediary Tax Act (Pifita) bill is the 4th package of the Duterte administration's Comprehensive Tax Reform Program
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
The Philippine Tax Whiz talks about mixed income earners and how they are taxed
The gap between rich and poor regions widens even more. To address this, the National Economic and Development Authority calls for higher spending on infrastructure and social services.
The Philippine Tax Whiz discusses why the 1st quarter ITR is important
The Philippine Tax Whiz discusses what to do next if you missed the April 15 deadline for filing income tax returns
The deadline for filing income tax returns is Monday, April 15. Those who will not be able to pay on Monday will face penalties.
The Philippine Tax Whiz tells taxpayers what they need to know about filing income tax returns, which are due on Monday, April 15
The Philippine Tax Whiz discusses the different methods for filing returns and paying taxes
The Philippine Tax Whiz discusses the new forms for corporations and when they should file their income tax returns
The Philippine Tax Whiz discusses when to use the new BIR Form Nos. 1701 and 1701A
Who are qualified for substituted filing? Find out from the Philippine Tax Whiz!
The Philippine Tax Whiz discusses the new Bureau of Internal Revenue form for individuals' income tax returns
The Philippine Tax Whiz tells us when political contributions and campaign expenses are taxable
If becoming an upper-middle income country was hard enough – it took us more than 3 decades to do that – becoming a high-income country (like Singapore or South Korea today) will be harder still
The Philippines is poised to join the ranks of upper-middle income countries China, Thailand, and Malaysia, says Socioeconomic Planning Secretary Ernesto Pernia
Our tax laws allow casualty losses to be claimed as deduction for income tax purposes
Speaker Gloria Macapagal-Arroyo says the tax reforms are part of her promise to fulfill President Rodrigo Duterte's legislative agenda in the House
Shell, Chevron and Philippine National Oil Company-Exploration Corporation (PNOC-EC), or collectively known as the Malampaya Consortium, were allowed not to pay P146.7 billion in income taxes by Presidents Arroyo, Aquino and Duterte
The listed conglomerate of the Philippines' richest man posts a 10% rise in net income for the 1st quarter of 2018, thanks to its core businesses
Ramon Ang, chief of the country's largest oil retailer, says 'stable and improved operating efficiencies' in Bataan significantly contributed to the company's performance in the 1st quarter of the year
The listed Ayala-led lender remains less exposed to interest rate risk, as its holding in securities only increased by 2.3% to P309.95 billion from January to March this year
The Ayala-led company says the creation of an independent cell tower firm would significantly reduce the time needed for a new player to roll out
The food manufacturing giant reports a net income of P3 billion in the 1st quarter of 2018, down 12%, as a weaker peso, inflation, and competition take a toll on domestic sales
The Ty-led bank reports a net income of P5.9 billion in the 1st quarter of 2018 compared to the P5.6 billion it earned in the same period last year
The net income of the Lopez family's holding firm drops to P4.225 billion from P6.557 billion, as earnings of both First Philippine Holdings and ABS-CBN slow in the absence of one-off gains
Despite higher revenues, the property developer's net income drops to P649.9 million in 2017 from P726.9 million in 2016 as it expands into the affordable housing and leisure markets
Alliance Global reports a net income of P21.8 billion in 2017, from P22.8 billion in 2016, as losses from its casino and liquor units offset gains from Megaworld and fast-food operations
Despite seeing revenues grow by 22% to P34.5 billion, Century Pacific Food registers a lower net income due to more expensive raw materials
The Philippine Tax Whiz answers taxpayers' key questions on the filing of annual income tax returns
'Our target to become an upper middle income country is in 2022. But we think we will get to that stance much earlier,' says National Economic and Development Authority Undersecretary Rosemarie Edillon
The increase comes as the residential sales of the Megaworld subsidiary grew 4% to P4.5 billion, while income from rentals was up 54% to P161 million
The Andrew Tan-led property developer also plans to spend P60 billion in capital expenditures this year
Petron ends 2017 with a 30% higher net income at P14.1 billion on strong sales volumes from the Philippines and Malaysia
The net income of the Ayala Group's holding firm hits P30.3 billion in 2017, with Ayala Land leading the subsidiaries
In the last quarter of 2017, expenses of the Philippine telco giant surge by 44% to P53.920 billion. This drags its reported net income to P4.479 billion in the same period.
The increase to P13.2 billion in 2017, from P11.5 billion in 2016, is largely due to Meralco and Global Business Power
The listed conglomerate of the Philippines' richest man posts consolidated revenues of P396.1 billion in 2017, 9% higher than the level in 2016
The utility firm says 2017 proved to be a good year on the commercial, operating, and financial fronts
The property developer reports a bottom line of P25.3 billion in 2017 compared to the P20.9 billion recorded in 2016
Watch the evening newscast with Marguerite de Leon
The global manufacturer's revenue is also up $1.09 billion for 2017, with two major European acquisitions bringing in a combined $193.9 million
The Ayala-led bank's net income for the entire 2017 inches up by 1.7%, lifted by its 4th quarter net income which grew 14.9%
Here's a step-by-step guide to compute for your new income tax under the tax reform law