income - updates

Rappler's latest stories on income

ARTICLE FINDER

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

House passes bill simplifying passive income, financial taxes

Sep 09, 2019 - 7:50 PM

But Gabriela Representative Arlene Brosas says the Pifita bill 'grossly favors the rich who make fortunes out of thin air in the financial sector'

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 bill simplifying passive income, financial taxes approved on 2nd reading

Sep 04, 2019 - 10:20 PM

The Passive Income and Financial Intermediary Tax Act (Pifita) bill is the 4th package of the Duterte administration's Comprehensive Tax Reform Program

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

#AskTheTaxWhiz: Computing tax for mixed income earners

Aug 07, 2019 - 7:00 PM

The Philippine Tax Whiz talks about mixed income earners and how they are taxed

IN CHARTS: Rich Philippine regions get richer, poor ones barely improve

May 30, 2019 - 9:45 PM

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.

#AskTheTaxWhiz: What are the quarterly income tax returns?

May 22, 2019 - 7:50 PM

The Philippine Tax Whiz discusses why the 1st quarter ITR is important

#AskTheTaxWhiz: I missed the ITR filing deadline! What do I do next?

Apr 17, 2019 - 5:10 PM

The Philippine Tax Whiz discusses what to do next if you missed the April 15 deadline for filing income tax returns

BIR's April 15 deadline stays, no extension for taxpayers

Apr 14, 2019 - 10:10 PM

The deadline for filing income tax returns is Monday, April 15. Those who will not be able to pay on Monday will face penalties.

#AskTheTaxWhiz: Taking on the #April15Challenge

Apr 12, 2019 - 7:10 PM

The Philippine Tax Whiz tells taxpayers what they need to know about filing income tax returns, which are due on Monday, April 15

#AskTheTaxWhiz: How do I file my returns and pay my taxes?

Apr 10, 2019 - 7:00 PM

The Philippine Tax Whiz discusses the different methods for filing returns and paying taxes

#AskTheTaxWhiz: Income tax return filing for corporations

Apr 03, 2019 - 6:55 PM

The Philippine Tax Whiz discusses the new forms for corporations and when they should file their income tax returns

#AskTheTaxWhiz: Should I use BIR Form No. 1701 or 1701A?

Mar 27, 2019 - 4:15 PM

The Philippine Tax Whiz discusses when to use the new BIR Form Nos. 1701 and 1701A

#AskTheTaxWhiz: Income tax return for employees

Mar 20, 2019 - 4:50 PM

Who are qualified for substituted filing? Find out from the Philippine Tax Whiz!

#AskTheTaxWhiz: Filing ITRs for individuals

Feb 15, 2019 - 3:15 PM

The Philippine Tax Whiz discusses the new Bureau of Internal Revenue form for individuals' income tax returns

#AskTheTaxWhiz: Do candidates pay taxes for campaign expenses?

Feb 06, 2019 - 1:00 PM

The Philippine Tax Whiz tells us when political contributions and campaign expenses are taxable

[ANALYSIS] Upper-middle income Philippines by 2019: How true?

Oct 10, 2018 - 10:18 AM

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

Philippines to become upper-middle income country by 2019 – Pernia

Sep 18, 2018 - 3:55 PM

The Philippines is poised to join the ranks of upper-middle income countries China, Thailand, and Malaysia, says Socioeconomic Planning Secretary Ernesto Pernia

GROWTH. Economic managers project the Philippines to join the upper-middle income band. Photo by Martin San Diego/Rappler

GROWTH. Economic managers project the Philippines to join the upper-middle income band. Photo by Martin San Diego/Rappler


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

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 defies 3 admins: Contractors should pay P146B Malampaya tax

May 16, 2018 - 4:32 PM

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

RUNNING OUT. Gas from the Malampaya project is expected to run out in a decade prompting firms to contemplate alternative sources. File photo from Sembcorp Marine website

SM gets income boost from property, retail units

May 09, 2018 - 3:35 PM

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

STRONG RESULTS. SM president Frederic DyBuncio says: 'We continue to build on our strong 2017 performance with revenues rising faster in the first quarter this year.' Photo by Rob Reyes/Rappler

Petron gets income boost from Bataan refinery

May 08, 2018 - 5:50 PM

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

PETRON. In this file photo, a gasoline attendant loads petrol to motorcycle at Petron station in Manila on May 12, 2009. Photo by Jay Directo/AFP

BPI posts flat net income of P6.25 billion in Q1 2018

May 07, 2018 - 5:30 PM

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

FLATTISH PERFORMANCE. Net income of BPI, the Philippines' 3rd largest bank in terms of assets, remains unchanged in the first quarter of 2018, from the P6.25 billion recorded in the comparable period a year ago. Photo by LeAnne Jazul/Rappler

Globe Telecom open to partnering with PLDT for cell tower firm

May 07, 2018 - 4:40 PM

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

URC net income slides further in Q1 2018

Apr 30, 2018 - 7:00 PM

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

Metrobank net income up 5.3% in Q1 2018

Apr 29, 2018 - 9:20 PM

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

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Lopez Holdings net income drops 36% in 2017

Apr 17, 2018 - 7:25 PM

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

Century Properties net income drops in 2017 amid diversification

Apr 16, 2018 - 5:15 PM

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 net income for 2017 stalls on Resorts World attack

Apr 05, 2018 - 8:15 PM

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

Century Tuna maker's net income drops 4% to P2.55 billion in 2017

Apr 04, 2018 - 6:25 PM

Despite seeing revenues grow by 22% to P34.5 billion, Century Pacific Food registers a lower net income due to more expensive raw materials

#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

PH can become upper middle income country by 2019 – NEDA

Apr 03, 2018 - 4:20 PM

'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

Global-Estate Resorts net income up 45% to P1.6 billion in 2017

Apr 02, 2018 - 7:50 PM

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

Megaworld net income up 13.4% to P13.3 billion in 2017

Mar 26, 2018 - 4:25 PM

The Andrew Tan-led property developer also plans to spend P60 billion in capital expenditures this year

Petron is main income driver of San Miguel in 2017

Mar 15, 2018 - 8:30 PM

Petron ends 2017 with a 30% higher net income at P14.1 billion on strong sales volumes from the Philippines and Malaysia

HIGHER INCOME. The country's most diversified conglomerate, led by tycoon Ramon Ang, ends 2017 with higher recurring net income mainly on strong performance of Petron. Photo by Agence France-Presse

Ayala Corp net income up 16% in 2017

Mar 12, 2018 - 4:16 PM

The net income of the Ayala Group's holding firm hits P30.3 billion in 2017, with Ayala Land leading the subsidiaries

PLDT income takes 'big one-time hit' from swap of base stations

Mar 08, 2018 - 7:00 PM

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.

BOTTOMLINE. 'We are not completely out of the woods yet but we are getting there,' PLDT chief Manuel Pangilinan says. Photo by Alecs Ongcal/Rappler

Metro Pacific net income rises by 15% in 2017

Mar 01, 2018 - 6:45 PM

The increase to P13.2 billion in 2017, from P11.5 billion in 2016, is largely due to Meralco and Global Business Power

Property still drives SM's healthy financials in 2017

Feb 28, 2018 - 2:45 PM

The listed conglomerate of the Philippines' richest man posts consolidated revenues of P396.1 billion in 2017, 9% higher than the level in 2016

HEALTHY FINANCIALS. 'Our property and specialty retail businesses delivered particularly strong results,' SM president Frederic DyBuncio says. Photo by Rob Reyes/Rappler

Higher electricity sales boost Meralco's income in 2017

Feb 26, 2018 - 5:15 PM

The utility firm says 2017 proved to be a good year on the commercial, operating, and financial fronts

Ayala Land net income up 21% in 2017

Feb 14, 2018 - 6:15 PM

The property developer reports a bottom line of P25.3 billion in 2017 compared to the P20.9 billion recorded in 2016

BIR on Sereno, Duque confirmation, NFA rice shortage | Evening wRap

Feb 07, 2018 - 9:12 PM

Watch the evening newscast with Marguerite de Leon

Ayala-led IMI's net income rises by 21% in acquisition-filled 2017

Feb 07, 2018 - 3:45 PM

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

BPI net income up slightly to P22.42 billion in 2017

Feb 05, 2018 - 7:20 PM

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%

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.