tax reform - updates

Rappler's latest stories on tax reform

ARTICLE FINDER

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

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

House panel OKs Trabaho bill

Aug 14, 2019 - 3:51 PM

House committee on ways and means chair Joey Salceda is expected to sponsor the Trabaho bill for 2nd reading on the same day his panel approves it

BUSINESSES. The Trabaho bill aims to reduce the corporate income tax rate from 30% to 20%. File photo by LeAnne Jazul/Rappler

Duterte tells Congress to prioritize Trabaho bill

Jul 22, 2019 - 7:15 PM

The Trabaho bill, which aims to reduce corporate tax and rationalize tax incentives, is mentioned in President Rodrigo Duterte's 4th State of the Nation Address

[ANALYSIS] How the TRAIN law worsened poverty, inequality

Apr 25, 2019 - 2:10 PM

Keep in mind that a number of lawmakers seeking reelection today advocated for the TRAIN law or otherwise helped push it forward

As fuel prices rise, Angara says TRAIN law 'benefitted millions of families'

Mar 13, 2019 - 8:14 AM

'Siyempre gustong gamitin yan ng ibang partido o indibidwal for political benefit,' says reelectionist Senator Juan Edgardo Angara

Reelectionists Grace Poe holds a rally together with Nancy Binay, Cynthia Villar, Kiko Pimentel, Sonny Angara, JV Ejercito, and Chiz Escudero at Tondo, Manila on February 13, 2019. Photo by Alecs Ongcal/Rappler

Macalintal, Tañada challenge Angara: Explain why you pushed for TRAIN

Mar 05, 2019 - 5:55 PM

'Kung ito'y magandang batas, dapat sana hinaharap kayo ni Senator Angara, 'di ba?' Otso Diretso candidate Romy Macalintal tells the crowd at a campaign event

Photo by Mara Cepeda/Rappler

Senate bets say no to oil deregulation, fuel excise tax hike

Mar 03, 2019 - 9:48 PM

Reelectionist Senator JV Ejercito, who voted for tax reform in 2017, also calls for the law's review

Photo by Jansen Romero/Rappler

Senatorial bets hit TRAIN law, fuel excise tax

Feb 25, 2019 - 11:17 AM

As fuel serves as a key component in production of goods, a number of senatorial candidates called for a repeal in the fuel excise tax law

A gasoline attendant fills up a passengers jeepney with fuel at a gas station in Commonwealth Ave in Quezon City on Sunday, November 4, 2018. Oil firms earlier in the day hike prices of diesel by P1.00 per liter and gasoline by P1.10 per liter. Photo by Darren Langit/Rappler

#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

#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

DSWD assures beneficiaries increase in subsidies despite reenacted budget

Jan 10, 2019 - 8:18 PM

10 million households are scheduled to receive raises in cash subsidies to help them cope with the impact of the tax reform law

SUBSIDY. A senior citizen receives P2,400 from the government to help offset the impact of the tax reform law. Photo by Aika Rey/Rappler

Oil price hike on January 8 not due to Train Law – DOE

Jan 07, 2019 - 6:23 PM

Oil companies will hike diesel prices by P0.70 per liter and gasoline by P0.80 per liter amid price movements in the global market

INCREASES. Global market forces force local players to slightly increase gas prices. Photo by Darren Langit/Rappler

[ANALYSIS] New year, new fuel taxes: Do we really need them?

Jan 03, 2019 - 12:05 PM

Not only is TRAIN failing to generate enough revenues as expected, it is also demonstrably anti-poor and anti-environment

DOF's 2019 wish: Passage of Trabaho bill, other tax reform packages

Jan 01, 2019 - 4:27 PM

Finance Secretary Carlos Dominguez III says they will seek a last push discussion with legislators for the approval of the measures before the 2019 elections

TRABAHO BILL. Finance Secretary Carlos Dominguez III says they will "discuss" Trabaho Bill again with legislators for a last push to pass it in the current Congress. Photo by Darren Langit/Rappler

DOE: 2nd round of fuel tax hikes don’t cover 2018 stocks

Dec 28, 2018 - 1:36 PM

DOE chief Alfonso Cusi warns oil industry players that applying the 2019 tax rates on 2018 oil stocks may lead to company closure and even estafa charges

THE TRAIN EFFECT. Expect fuel prices to go up by January 1, 2019 due to the Train Law. File photo by Rappler

VAT-free starting 2019: Medicines for diabetes, high cholesterol, hypertension

Dec 27, 2018 - 10:15 PM

The tax exemption is part of the tax reform law signed in December 2017

TAX-FREE. Medicines prescribed for diabetes, hypertension, and high cholesterol will be exempt from value-added tax starting 2019. Image from Shutterstock.

#AskTheTaxWhiz: New, updated BIR forms under TRAIN law

Dec 26, 2018 - 11:00 AM

The Philippine Tax Whiz discusses the Bureau of Internal Revenue forms affected by the tax reform law

#AskTheTaxWhiz: New interest penalties under TRAIN law

Dec 12, 2018 - 3:15 PM

The Philippine Tax Whiz discusses the new rules on interest penalty under the Tax Reform for Acceleration and Inclusion law

Trabaho bill delay will hurt business – tax expert

Dec 11, 2018 - 4:55 PM

Tax expert Mon Abrea says the Department of Finance should be open to lowering corporate income tax without rationalizing fiscal incentives

#AskTheTaxWhiz: What are deductions, exemptions from gross income?

Dec 04, 2018 - 3:55 PM

The Philippine Tax Whiz discusses the changes to allowable deductions under the Tax Reform for Acceleration and Inclusion law

#AskTheTaxWhiz: What are the new alphanumeric tax codes under TRAIN?

Nov 21, 2018 - 3:30 PM

The Philippine Tax Whiz consolidates all the new alphanumeric tax codes (ATCs) under the Tax Reform for Acceleration and Inclusion law

#AskTheTaxWhiz: How the TRAIN law affects documentary stamp tax

Nov 16, 2018 - 11:00 AM

The Philippine Tax Whiz discusses the changes in documentary stamp tax rates under the Tax Reform for Acceleration and Inclusion law

#AskTheTaxWhiz: Taxes for exporters

Oct 31, 2018 - 4:00 PM

Are exporters required to pay value-added tax? The Philippine Tax Whiz explains.

Where do 2019 senatorial bets stand on key national issues?

Oct 27, 2018 - 11:15 AM

When the senatorial campaigns kick off, check the candidates' claims against this list of issues that have so far made headlines in 2018

ISSUES. Rappler looks into the stands of senatorial bets on various political and national issues. Photo by Angie de Silva/Rappler

Rappler Talk: Mon Abrea on the unintended effects of tax reform

Oct 25, 2018 - 2:56 PM

Tax expert Mon Abrea gives his unsolicited advice to the government on how to implement genuine tax reform

Sonny Angara fends off TRAIN law criticism as he files COC

Oct 17, 2018 - 9:35 PM

Senator Juan Edgardo 'Sonny' Angara pushes for remedial measures to cushion the impact of the Duterte administration's tax reform law

Sen. Sonny Angara files his certificate of candidacy for senator at the Comelec office in Manila on October 17, 2018. Photo by Angie de Silva/Rappler

DOF expects Trabaho bill to create 1.4 million jobs

Oct 17, 2018 - 3:30 PM

Finance Assistant Secretary Tony Lambino says the Trabaho bill would convince more firms to expand due to additional incentives, contrary to views of business groups

Poe files COC for senator, hits unfulfilled gov't promises

Oct 15, 2018 - 9:35 PM

Senator Grace Poe says the Duterte administration failed to deliver promises that were supposed to cushion the impact of the TRAIN law

Sen. Grace Poe pose with her mother, Movie actress Susan Roces (right), after filing her Certificate of Candidacy at the Comelec office in Manila on October 15, 2018. Photo by Angie de Silva/Rappler

Duterte to suspend fuel tax increase under TRAIN law

Oct 14, 2018 - 4:05 PM

(3rd UPDATE) President Rodrigo Duterte is implementing this in a bid to ease inflation and 'allow the public to manage their finances better'

Curent oil price hike gas prices. Photo by Jire Carreon/Rappler

Senators' election plans bog down Trabaho bill – think tank

Oct 08, 2018 - 9:44 PM

The Action for Economic Reforms says Senator Sonny Angara can pass on the Trabaho bill to other lawmakers if he fears the measure will hurt his reelection bid

Rappler Talk: Dissecting the Trabaho bill

Oct 01, 2018 - 3:10 PM

Rappler talks to Chito Zaldarriaga, president of the Philippine Ecozones Association, about their take on the Duterte administration's second tax reform package

Instead of more jobs, DOLE sees layoffs under Trabaho bill

Sep 25, 2018 - 6:16 PM

The Department of Labor and Employment warns that the industry and services sector would take a hit should the Trabaho bill push through

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

#AskTheTaxWhiz: What does the Trabaho bill offer?

Sep 17, 2018 - 3:00 PM

The Philippine Tax Whiz discusses the impact of the Trabaho bill to ordinary taxpayers

Foreign chambers on Trabaho bill: 'Leave PEZA alone'

Sep 12, 2018 - 5:12 PM

'We are advocating for the continued operation of PEZA as it is now. And also making sure that rationalizing our incentives [that] it is still competitive with the rest of the region,' a business group executive says

INVESTMENTS. Joint Foreign Chambers of Commerce of the Philippines cautions the government from the current version of the Trabaho bill. Photo by Aika Rey/Rappler

House opposition wants to suspend excise tax increases on fuel, oil

Sep 10, 2018 - 8:30 PM

Opposition lawmakers argue suspending the excise tax increases on fuel and oil products will help curb rising inflation

RISING. The TRAIN law affects fuel prices. File photo by Ben Nabong/Rappler

House approves Trabaho bill on 3rd reading

Sep 10, 2018 - 4:50 PM

(UPDATED) But opposition lawmakers vote no to the Tax Reform for Attracting Better and Higher Quality Opportunities bill, arguing it would lead to job losses

OVERWHELMING SUPPORT. Only 14 lawmakers say no to the Tax Reform for Attracting Better and Higher Quality Opportunities bill. File photo by Darren Langit/Rappler

House approves Trabaho bill on 2nd reading

Sep 04, 2018 - 6:35 PM

Speaker Gloria Macapagal Arroyo herself is present at the plenary to ensure the approval of the tax reform measure

TAX REFORM. The House of Representatives approved the Trabaho bill on 2nd reading on September 4. 2018. File photo by Darren Langit/Rappler

Things you need to know about Trabaho bill

Sep 02, 2018 - 6:06 PM

The Trabaho bill aims to reduce the corporate income tax rate from 30% to 20%

BUSINESSES. The Trabaho bill aims to reduce the corporate income tax rate from 30% to 20%. File photo by LeAnne Jazul/Rappler

Job losses seen under Trabaho bill

Aug 30, 2018 - 7:45 PM

'The tax reform measures being put forth will reverse the progress...attained thus far,' says the Philippine Ecozones Association


[OPINION] Tax carbon emitters, use new revenue for health care

Aug 23, 2018 - 8:57 AM

Will our lawmakers seize this golden opportunity or will they resign us to a future of unintended consequences?

Job losses 'very minimal' under Trabaho bill – DOF

Aug 22, 2018 - 1:45 PM

Finance Undersecretary Karl Kendrick Chua says over 97,000 small and medium enterprises can expand their businesses and generate more jobs due to lower taxes

JOBS. Finance Undersecretary Karl Kendrick Chua says lowering of corporate income taxes mean more jobs. Photo by Toto Lozano/Presidential Photo