tax reform package - updates

Rappler's latest stories on tax reform package

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Duterte wants 2nd tax reform package to fund teachers' salary hike

Jan 09, 2018 - 12:57 PM

Malacañang bares President Rodrigo Duterte's plan amid criticism that the first tax reform package is anti-poor

President Rodrigo Roa Duterte shares a light moment with the members of his cabinet before presiding over the 21st Cabinet Meeting at the Malacañan Palace on January 8, 2018. Also in the photo are Executive Secretary Salvador Medialdea and Finance Secretary Carlos Dominguez III. SIMEON CELI JR./PRESIDENTIAL PHOTO

House, Senate agree to tax-exempt P250k annual income starting 2018

Dec 02, 2017 - 5:40 PM

The income tax scheme for 2019 onwards is yet to be finalized

BICAM. Senator Juan Edgardo Angara discloses what the bicameral conference committee has decided so far over the contesting provisions in the tax reform bill. File photo by Camille Elemia/Rappler

Tax on sugary drinks? Nutritionists say they help poor meet dietary needs

Aug 31, 2017 - 3:22 PM

Senator JV Ejercito suggests imposing the tax based on the drink s sugar content not volume

ANTI-POOR? A bill pending in Congress proposes to impose a P10 tax per liter of sugar sweetened beverage. File photo by Justin Sullivan/AFP

P1 billion aligned for poor families to be hit by proposed tax reform – DSWD

Aug 09, 2017 - 7:00 PM

This will be given in cash to 10 million poor households once the tax reform proposal is signed into law

CASH AID. Over P1 billion is allocated to aid poor families who will be affected by the proposed tax reform package. Malacañang photo

Senators worry over Angara's reelection: 'Baka ma-Recto siya'

Jul 26, 2017 - 5:59 PM

The Senate is set to constitute a committee of the whole to discuss the controversial tax reform bill with the country s economic managers

Photo from Office of the Senate President

Duterte wants Senate to pass tax reform in full, zeroes in on Angara

Jul 24, 2017 - 10:40 PM

The President tells Senator Angara to watch out in the elections after noticing the legislator did not clap on his request for the passage of the tax reform bill

'WATCH OUT.' Senator Sonny Angara chuckles after President Rodrigo Duterte calls him out for not clapping during the SONA. Photo by Rappler

DOF chief says tax reform law must generate at least P130B revenue

Jul 06, 2017 - 2:46 PM

A tax reform law diluted such that it will generate less than P130 billion is not acceptable for one of Duterte s economic managers

Photo from Malacanang

INFOGRAPHIC: How tax reform hits your favorite drinks

Jun 03, 2017 - 5:00 PM

The Philippine Chamber of Food Manufacturers says the excise tax on sugar sweetened beverages in the proposed tax reform package is the highest in the world

Duterte certifies tax reform bill as urgent

May 29, 2017 - 4:00 PM

The House of Representatives could approve the bill on both 2nd and 3rd readings this week

President Rodrigo Duterte now wants the House to prioritize the tax reform bill before it adjourns session this week. File photo by Malacañang  President Rodrigo Duterte now wants the House to prioritize the tax reform bill before it adjourns session this week. File photo by Malacañang

No more lifting of VAT exemptions for cooperatives

May 24, 2017 - 1:20 PM

Speaker Pantaleon Alvarez agrees to retain the VAT exemptions for cooperatives in the proposed tax reform package at the request of party list representatives

TAX REFORM. An amendment to the comprehensive tax reform package is expected to be introduced at the plenary following the decision of the House leadership to retain the VAT exemption on cooperatives. File photo by Ben Nabong/Rappler

Higher loan interest rates if VAT exemptions for coops lifted – lawmaker

May 22, 2017 - 5:40 PM

House committee on cooperative development chairperson Rico Geron says he will oppose the tax reform package if it will include the removal of the VAT exemptions for cooperatives

PRO-COOPS. Agricultural Sector Alliance of the Philippines Representative Rico Geron opposes the proposal to take out the VAT exemption on cooperatives. Photo by Mara Cepeda/Rappler

Cabinet officials back Duterte's tax reform plan

Mar 06, 2017 - 6:35 PM

Trade Secretary Ramon Lopez says however his department is coordinating with the DOF to fine tune the excise tax brackets being proposed for vehicles

FULL SUPPORT. Several Cabinet officials attend the House ways and means panel hearing on March 6, including DOF Secretary Carlos Dominguez III, NEDA Secretary Ernesto Pernia, DPWH Secretary Mark Villar, and DOTr Secretary Arthur Tugade. Photo by Mara Cepeda/Rappler

Low-income earners shoulder 72% of tax burden – DOF

Feb 27, 2017 - 9:45 PM

High income earners shoulder only 28 4 of the tax burden and it has a bigger gap between the taxes they owe government and the amount actually collected from them

Job applicants queue up at a counter for job vacancies offered by different local companies during a job fair at a mall in Manila on October 27, 2010. The Philippines is creating more jobs but too many skilled people are still unable to find work, economic planning minister said. Unemployment eased to 6.9 percent in July as an improving economy opened up more jobs, mostly in the farm sector, the government reported a day earlier. AFP PHOTO/TED ALJIBE

House approves bill exempting gifts worth P100k from donor's tax

Feb 27, 2017 - 7:00 PM

HB 4903 also seeks to simplify the donor s tax rate for gifts worth more than P100 000 to 6

REDUCED DONOR'S TAX. The House of Representatives approves another tax reform bill on February 27. File photo by Joel Liporada/Rappler

Rich, not poor, to bear brunt of oil, automobile tax – DOF

Jan 27, 2017 - 4:40 PM

The government s proposed tax reform package is designed to be equitable such that the rich pay more and the poor pay less says Finance Undersecretary Karl Kendrick Chua