tax reform Philippines - updates

Rappler's latest stories on tax reform Philippines

ARTICLE FINDER

Senate committee to probe new threat vs BPO sector

Mar 11, 2018 - 3:07 PM

This comes after a Malacañang veto effectively raised the cost of doing business in the Philippines, says Senator Paolo Benigno Aquino IV

TRAIN EFFECTS. The Senate Committee on Science and Technology is set to probe tax reform effects on the Philippine BPO sector. File photo by AFP

With carbon pricing, Train Law can help reduce pollution

Feb 28, 2018 - 10:00 AM

Historically, when we burn coal or use petroleum products, we generally do not pay for the actual price of the carbon emissions brought about by these fossil fuels

BSP maintains interest rates, raises inflation forecast for 2018, 2019

Feb 08, 2018 - 8:35 PM

The Bangko Sentral ng Pilipinas sees inflation hitting 4.3% in 2018, and 3.5% in 2019

Tax reform law seen to put brakes on PH's auto sales growth in 2018

Jan 12, 2018 - 7:30 AM

With most mass market vehicles costing more because of the tax reform law, the Chamber of Automotive Manufacturers of the Philippines Incorporated (CAMPI) projects flat growth in sales this 2018

DOE to gas stations: Don't take advantage of tax reform law

Jan 10, 2018 - 8:10 PM

Energy Secretary Alfonso Cusi warns that the government would cancel the certificate of compliance (COC) of violators

HIGHER PRICES. A man holding a petrol pump nozzle at one of Shell's gasoline filling stations. Photo from AFP

ING Bank expects another 1% rise in 2018 inflation amid tax reform

Jan 09, 2018 - 7:00 PM

The movement of prices of basic goods and services in the Philippines is seen to move faster this year than last year, due to the newly-implemented tax reform package

PRICES OF GOODS. Philippine inflation remains steady at 3.3% in December last year, similar with that of November 2017. Stock photo

Higher electricity bills likely starting February due to tax reform

Jan 09, 2018 - 5:35 PM

Meralco, the country's largest power distributor, estimates an additional charge of 8 centavos per kilowatt hour (kWh)

EXPLAINER: How the tax reform law affects Filipino consumers

Jan 09, 2018 - 9:00 AM

Payroll managers start adjusting their systems to reflect the new withholding tax rates. Supermarkets, oil retailers, convenience stores, and even sidewalk vendors begin updating their price lists.

HIKE IN SRPs.The retail price of one-liter bottle of Coca Cola, for instance, is projected to increase to P43 per bottle from the current P31 per liter, in light of the TRAIN law. Photo by Chrisee Dela Paz/Rappler

New tax scheme, low pressure area, North Korea’s nukes | Midday wRap

Jan 01, 2018 - 12:49 PM

Watch Rappler’s midday newscast with Mara Cepeda

Filipinos to welcome 2018 with new withholding tax rates

Dec 31, 2017 - 5:15 PM

Come Monday, January 1, employees earning P685 per day or P20,833 per month will be exempt from withholding tax

300,000 urge Senate to dissolve proposed tax on sugary drinks

Dec 01, 2017 - 10:55 AM

Sari-store owners sign a petition opposing the proposed P10 per liter price increase

Mining stocks fall as Senate approves nearly 3,000% coal tax hike

Nov 28, 2017 - 8:45 PM

Isidro Consunji, chairman of Semirara Mining and Power Corporation, says it would be 'discriminatory' if coal is singled out

Diokno not alarmed over funding for Build, Build, Build

Oct 19, 2017 - 8:20 PM

Some economists are concerned that less revenues from the proposed tax reform package could jeopardize the Duterte administration's P8-trillion infrastructure program

Budget Secretary Benjamin Diokno, during the Dutertenomics Forum at the Fairmont Makati on August 10, 2017, highlights the increased government spending for various government projects. ALFRED FRIAS/PRESIDENTIAL PHOTO

How will the proposed tax reform package affect Filipinos?

Jun 24, 2017 - 9:59 AM

Take a look at how the Duterte administration s proposed tax reform package will affect your take home pay and the prices of commodities

EFFECT ON FILIPINOS. The proposed tax measure will have an impact on Filipino workers' salaries and the prices of fuel and other commodities.

Without efficient public transport, higher auto taxes 'unfair'

Jun 08, 2017 - 5:15 PM

It s not going to be fair to the commuting public that we don t have that efficient transport system and yet we are shelling out big amounts in order to buy private vehicles says the Automobile Association of the Philippines

AFP file photo

Will tax reform really hurt the poor?

Apr 01, 2017 - 9:30 AM

With the vast popularity of the President there’s no politically better time to push for a contentious tax reform bill

Tax reform may determine peso's long-term fate – expert

Feb 22, 2017 - 8:00 PM

A risk consultant says tax reform is urgently needed to generate revenue for increased spending while the country waits for major infrastructure projects

Inflation hits 2.7% in January

Feb 07, 2017 - 3:05 PM

Prices rise at a faster rate than at any point last year due to increases in oil transport housing and utilities according to NEDA

DOF tax reform proposal ‘anti-poor’ – lawmakers

Sep 29, 2016 - 6:00 PM

Speaker Pantaleon Alvarez also calls out the DOF for failing to include specific proposals to make tax collection more efficient

ANTI-POOR REFORMS. The Makabayan bloc airs their reservations against the DOF's proposed tax reform on September 29. Photo by Mara Cepeda/Rappler

Gov’t eyes higher taxes for 'ultra-rich' earning over P5M a year

Sep 14, 2016 - 5:24 PM

Finance Secretary Carlos Dominguez III says those earning less than P3 million a year will enjoy a tax break

HIGHER TAXES FOR THE RICH. Finance Secretary Carlos Dominguez III says the Duterte government will impose higher personal income taxes on the 'ultra-rich'

Purisima: Enough fiscal space for more infra, social services spending

Jun 03, 2016 - 1:16 PM

The outgoing finance chief expresses confidence in the incoming economic team whose members he says have the experience and expertise to navigate a fiscally sustainable path in today s lending environment

FUTURE OF ASIA. Philippine Finance Secretary Cesar Purisima addresses the ?22nd International Conference on the Future of Asia? in Tokyo, Japan, on May 30, 2016. Photo from Cesar Purisima's Facebook page.

DOF bares tax reform proposals to incoming chief Dominguez

May 26, 2016 - 5:50 PM

The proposals of the outgoing DOF leadership include a one time tax amnesty program – excluding pending tax cases to generate widespread support

TAX TALKS. The outgoing Finance secretary Purisima (L) asks his successor Dominguez (R) to back up the department's 'holistic, equitable, and revenue-positive' tax reform proposal

Improving efficiency in infra key to PH growth – economist

Mar 02, 2016 - 4:38 PM

An IMF economist says the Philippines could see significant growth if it ensures better public investment efficiency

Steve Forbes: PH needs tax reform to sustain economic stability

Oct 12, 2015 - 9:30 PM

The media mogul behind Forbes Media says the growth in the Philippines will be sustainable should it continue to make reforms