tax reforms
ARTICLE FINDER

#AskTheTaxWhiz: Advice on tax reform for our lawmakers

Oct 06, 2017 - 1:30 PM

The Philippine Tax Whiz gives his comments on Senate Bill 1592 or Tax Reform for Acceleration and Inclusion (TRAIN), and his advice for lawmakers before their bicameral conference

Redirecting TRAIN against inequality

Oct 04, 2017 - 7:13 PM

Channeling resources toward sectors and regions with many economically disconnected poor and low-income Filipinos will allow tax reform to bring about inclusive growth

Pernia wants changes in Senate version of tax reform bill

Oct 02, 2017 - 8:35 PM

There could be fewer infrastructure projects if the Senate version will be adopted, says Socioeconomic Planning Secretary Ernesto Pernia

ALMOST HALF. According to DOF estimates, the Senate's version of tax reform would only yield P59.9 billion in total incremental revenues. This is less than half of the P133.8 billion under the version approved by the House of Representatives in May. Rappler graphics

ADB retains PH growth outlook, sees no signs of economy overheating

Sep 26, 2017 - 8:15 PM

The Asian Development Bank retains its forecast of 6.5% GDP growth for 2017 and 6.7% for 2018, while noting that infrastructure investment and receding inflation will fuel the economy

EXPLAINER: Senate, House versions of the tax reform bill

Sep 22, 2017 - 7:45 PM

Finance Secretary Carlos Dominguez III hopes the new tax reform package can be implemented by January 1, 2018

TWO VERSIONS. Even if the Senate and House differ on how they want to restructure the country's tax system, they are being guided by one principle, which is to make taxes 'simpler, lower, and fairer' for Filipinos. All graphics by Alejandro Edoria/Rappler

Senate files version of tax reform bill seen to exempt 3.2 M Filipinos from income tax

Sep 20, 2017 - 11:23 PM

The Senate ways and means committee estimates that its version of the bill will earn the government P148 billion in revenue despite exempting an estimated 64% of workers from paying income tax

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

Taguiwalo: CA rejection due to my fight vs pork barrel, tax reform

Aug 16, 2017 - 4:20 PM

‘I have served the people well I gave my all and I’m proud to say that my integrity is intact ’ says the social welfare secretary

BPOs 'safe' from tax reform, sugar-sweetened milk under deliberation

Aug 10, 2017 - 7:35 PM

Finance Secretary Carlos Dominguez III says incentives for BPO companies will remain The fate of milk products in the proposed tax reform package however is still up in the air

Duterte gov't eyes taxes on coal

Aug 10, 2017 - 2:53 PM

As senators express concern about effects of higher fuel prices on basic commodities they ask the Department of Finance: Why not prioritize taxes on coal the dirtiest fuel instead of petroleum products?

COAL-FIRED POWERPLANT. The Duterte administration seeks to increase taxes on coal, considered the 'dirtiest' but cheapest power source. File photo

LIVE: Senate hearing on tax reform, 10 August 2017

Aug 10, 2017 - 1:52 PM

Watch the hearing live on Rappler

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

Higher auto taxes, poor mass transport a 'lose-lose situation' for the public

Aug 02, 2017 - 5:40 PM

Minahalan mo sasakyan di inayos mass transit kawawa dito commuters natin says Senator Sherwin Gatchalian

Photo by Inoue Jaena/Rappler

Duterte now 'open to amendments' on tax reform bill – senators

Aug 02, 2017 - 3:03 PM

The President accepted that the Senate will retain flexibility insofar as finally deciding the amounts of taxes Senate Minority Leader Franklin Drilon says after legislators 3 hour meeting with the Chief Executive

TRO ON IMPLANTS. President Rodrigo Duterte addresses Chief Justice Maria Lourdes Sereno in appeal to lift the temporary restraining order on 2 brands of implant.

Duterte warns Congress about 'new' ISIS plots in Mindanao

Aug 01, 2017 - 10:24 PM

UPDATED President Rodrigo Duterte has also requested additional 20 000 soldiers in Mindanao

Malacañang file photo

Senators set to grill gov't agencies on underspending

Jul 27, 2017 - 1:10 PM

Senate President Pro Tempore Ralph Recto says the issue of government underspending is crucial in the Senate debates on the tax reform bill

File 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

Legarda defends Angara over tax reform bill

Jul 26, 2017 - 1:20 PM

It s not Sonny s job singly or it s not his fault at all that we seem slow And we are not slow He s been hearing it says Senator Loren Legarda after the President zeroed in on Senator Juan Edgardo Angara

Photo by Camille Elemia/Rappler

'Maintain independence,' Nene Pimentel tells senators

Jul 26, 2017 - 7:43 AM

I would suggest to the Senate – there are 24 sovereignties in the Senate you cannot dictate to the senators that s my experience – to act in accordance with their perception of what is best for the people

Senate file photo

HIGHLIGHTS: Issues mentioned in SONA 2017

Jul 25, 2017 - 10:13 AM

Rappler compiles the following highlights of President Rodrigo Duterte s second State of the Nation Address

SONA 2017. President Rodrigo Duterte delivers his second State of the Nation Address (SONA) before members of Congress on July 24, 2017. Malacañang photo

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

Duterte accepts Mighty Corp's P25-B tax settlement offer

Jul 24, 2017 - 8:54 PM

President Rodrigo Duterte says the money will fund rebuilding efforts in war torn Marawi and also in Ormoc City which was struck by a strong earthquake

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

For Dutertenomics to work, the President has to take charge

Jun 27, 2017 - 10:00 AM

The President can no longer take the backseat The executive and legislative are in a deadlock over tax reform Dutertenomics financing hanging in the balance

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.

A year later, the House remains Duterte’s loyal defender

Jun 16, 2017 - 9:00 AM

The House has consistently shown it will protect the President from his critics with Speaker Pantaleon Alvarez leading the charge

DUTERTE-CONTROLLED HOUSE. Speaker Pantaleon Alvarez leads the House of Representatives, where the President counts at least 267 lawmakers as his allies

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

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 admin's tax reform package a 'big mistake' – labor coalition

Jun 01, 2017 - 9:15 PM

ALU TUCP says the tax reform package just passed by the House is not uplifting because those who are already poor workers would become even poorer

UNEMPLOYMENT. Thousands of job seekers troop the Quezon City Hall on Labor Day, May 1, to seek for job opportunities at the DOLE's Job Fair. Photo by Darren Langit/Rappler

#ThewRap: Things you need to know, June 1, 2017

Jun 01, 2017 - 10:17 AM

Hello Here are the stories you shouldn t miss this Thursday

House passes reform bill, with higher tax rate for 'super-rich'

May 31, 2017 - 5:53 PM

While HB 5636 will lower personal income tax rate to 25 VAT exemptions will be lifted on several sectors

APPROVED. The House approves the first batch of tax reforms being proposed by the Duterte administration. Photo by Mara Cepeda/Rappler

Senate won't pass Malacañang's version of tax reform bill

May 31, 2017 - 5:49 PM

Senators criticize NEDA chief Ernesto Pernia for being arrogant and for pressuring Congress to approve Malacañang s full version of the measure which they believe will hurt the poor

Socio-economic Secretary and National Economic Development Authority Director General Ernesto Pernia ,in a press briefing in Malacañang on January 11, 2017, announced that President Rodrigo Roa Duterte has signed Executive Order No. 12 that will allow government agencies to fully implement the Reproductive Health law which is stalled due to a Temporary Restraining Order issued by the Supreme Court. ALBERT ALCAIN/Presidential Photo

To shift or not: Ilocos Sur farmers urged to keep growing tobacco

May 30, 2017 - 9:00 AM

Candon City in Ilocos Sur goes against the Philippines local and international commitments to shift farmers away from tobacco to alternative crops and livelihood

Napoles, tax reform, Merkel | Evening wRap

May 29, 2017 - 9:29 PM

Watch the evening newscast with Natashya Gutierrez

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

What local governments owe tobacco farmers

May 29, 2017 - 8:15 AM

Tobacco farmers in Sta Cruz Ilocos Sur say their local government uses its share in excise taxes on cigarettes in funding non tobacco farming projects

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

House begins debates on Duterte tax reform package

May 23, 2017 - 11:05 PM

House ways and means committee chairperson Dakila Cua estimates P157 2 billion in government revenues will be generated from the tax reform package in its first year of implementation

PLENARY. Lawmakers hold their plenary session on May 23, the same day the tax reform package was sponsored for 2nd reading. Photo by Mara Cepeda/Rappler

FULL TEXT: Sugar-sweetened beverage taxes promise P47B revenue – Suansing

May 23, 2017 - 8:46 PM

Nueva Ecija 1st District Representative Estrellita Suansing says collection will be used to assist sugar farmers and fund school based feeding programs

SPONSOR. Nueva Ecija 1st District Representative Estrellita Suansing delivers her sponsorship speech for the tax reform package. Screengrab from the House Youtube account

FULL TEXT: Revenue from tax reform to improve Filipinos' lives – Cua

May 23, 2017 - 8:30 PM

The House ways and means committee chairman says the package aims to generate revenue for social welfare infrastructure education healthcare job generation among others

SPONSOR. House ways and means committee chairperson Dakila Cua delivers his sponsorship speech for the tax reform package. Screengrab from the House Youtube account

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

Higher excise tax on fuel to further burden poor – Quimbo

May 18, 2017 - 5:42 PM

A P3 increase in diesel prices may lead to a P0 52 increase in minimum fare in jeepneys mostly used by wage earners

FOR EVERY JUAN. House Deputy Speaker Miro Quimbo talks about the tax reform program in a forum at Ateneo Graduate School of Business. Photo by Sofia Tomacruz/Rappler

Luxury car business grapples with 'drastic' tax hike proposal

May 15, 2017 - 12:27 PM

The price of a Toyota Camry 3 5 V6 A T will surge to over P3 030 million in 2019 from the current P2 153 million based on a pending bill

'DRASTIC.' The proposal could potentially sap demand for luxury cars, local car companies say. Photo by AFP

Comey crisis could bedevil Trump on health care, tax reform

May 13, 2017 - 4:20 PM

The shock dismissal of James Comey triggers distress on Capitol Hill

House committee approves Duterte tax reform package

May 03, 2017 - 7:50 PM

The House ways and means panel is also eyeing a provision imposing an additional P10 excise tax on sugar sweetened beverages and carbonated drinks

TAX REFORM. House committee on ways and means chairperson Dakila Cua leads the panel tackling the Department of Finance's proposed tax reform package. File photo by Rappler

Trump tax plan to cut corporate rate to 15% – treasury secretary

Apr 26, 2017 - 9:36 PM

Since the 15 has been in the press for the last couple of days I will confirm that the business tax is going to be 15 Mnuchin says at a discussion on the proposal The lower rate is aimed at helping small businesses not the wealthy

MNUCHIN. US Secretary of the Treasury Steven Mnuchin (R) waves as he and other participants in the G20 Finance Ministers and Central Bank Governors Meeting pose for the Family photo in Baden-Baden, southern Germany, on March 17, 2017.  File photo by Thomas Kienzle/AFP

Ayala Corp in the time of Duterte

Apr 24, 2017 - 5:21 PM

The conglomerate is positioning itself to take advantage of the administration s infrastructure push

No tax for Filipinos earning P21,000 or below monthly under revised DOF proposal

Apr 24, 2017 - 12:30 AM

For instance a call center agent who earns P21 000 a month with a gross income of P273 000 inclusive of the 13th month pay and other benefits will still fall under the zero tax bracket

PROPOSED REVISIONS. The revised package under HB 4774 includes lowering rates for estate and donor’s taxes, adjusting automobile and fuel excise taxes, and expanding VAT base but retaining exemptions for senior citizens citizens and persons with disabilities. Rappler file photo

FAST FACTS: Avoiding double taxation for nonresidents

Apr 01, 2017 - 1:30 PM

The Philippines is currently a signatory to 41 tax treaties that address double taxation situations

DOUBLE TAX. To avoid the double taxation of nonresidents, the Philippines is currently a signatory of 41 tax treaties.

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