taxation
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'Paradise Papers' reveal offshore deals of Apple, Nike, Lewis Hamilton

Nov 07, 2017 - 7:16 AM

They are the latest disclosures from a trove of documents released by the US-based International Consortium of Investigative Journalists (ICIJ) concerning secretive offshore deals that have proved deeply embarrassing

This file photo taken on September 17, 2012 shows the Apple logo on the Apple store on 5th Avenue in New York. Don Emmert/AFP

[OPINION] Tax after death

Nov 04, 2017 - 11:08 PM

Usually, the heirs realize the need to pay the estate tax after years or even decades have passed from a person's death

Tax rollout delayed to November 2 as U.S. Congress braces for overhaul

Nov 01, 2017 - 10:44 AM

The delay in the unveiling of the Donald Trump-backed tax overhaul signals potential trouble ahead

TAX HQ. A view of the Internal Revenue Service's headquarters March 24, 2016 in Washington, DC. Brendan Smialowski/AFP

Gulf states say goodbye to tax-free reputation

Oct 01, 2017 - 12:03 PM

The 6 states are now taking austerity measures a step further with the plan to introduce value-added tax, ending their decades-old reputation for being tax havens

In this file photo, people shop at the Dubai Mall on June 1, 2016 in the Gulf emirate of Dubai. Marwan Naamani/AFP

Is tax on volume-based, sugar-sweetened drinks good for our nutrition?

Sep 10, 2017 - 10:03 AM

While the proposed tax targets obesity and overweight it risks hurting those already susceptible to malnutrition

Duterte warns miners: Spend on rehab 'or I'll tax you to death'

Jul 24, 2017 - 6:58 PM

In his second State of the Nation Address President Rodrigo Duterte warns all mining operations and contractors to refrain from the unbridled and irresponsible destruction of our watersheds forests and aquatic resources

Duterte gov't wants more large taxpayers in 2017

Feb 07, 2017 - 7:48 AM

This is to help achieve the BIR s tax collection target of P1 152 trillion from the country s largest taxpayers this year

President Rodrigo Roa Duterte signs the commitment board during the Bureau of Internal Revenue-Large Taxpayers Service Tax Campaign Kick Off at the Philippine International Convention Center in Pasay City on February 6, 2017. ALFRED FRIAS/Presidential Photo

Duterte regains momentum in peace talks; is there still hope?

Feb 06, 2017 - 11:26 AM

Despite the President s announcement of an end of negotiations my bet is that it will continue

India to halve basic rate of income tax – minister

Feb 01, 2017 - 3:48 PM

UPDATED Finance Minister Jaitley: I propose to reduce existing rate for income to 5 from 10

An Indian man carries a sack of vegetables at the wholesale market in Mumbai on January 28, 2017. Punit Paranjpe/AFP

Quimbo: Political will in drug war should also be applied in taxation

Jan 11, 2017 - 7:04 PM

Deputy Speaker Miro Quimbo says taxation just like the war on drugs is an issue of corruption that the government is capable of addressing

PRO-TAX REFORM. Marikina City 2nd District Representative Miro Quimbo appears in a Rappler Talk episode on January 11. Photo by Rappler

Soon: Tax incentives for those who help Filipino Olympic medalists

Dec 24, 2016 - 7:14 PM

A House bill seeks to give tax exemptions and deductions for individuals and corporations who give donations grants and more to Filipino Olympic medalists

SILVER SMILE. Hidilyn Diaz waves and smiles after a successful lift. She was the first Filipina to earn an Olympic medal. Photo by Goh Chai Hin/AFP

Trump firm on agenda but says Americans have nothing to fear

Nov 14, 2016 - 10:59 AM

US President elect Donald Trump vows to move aggressively on a conservative agenda but also sought to reassure worried Americans they have nothing to fear from his presidency

US President-elect Donald Trump during an interview with CBS News' '60 Minutes', taped November 11, 2016 and aired November 13, 2016. Photo courtesy CBS News

Indian business leaders hail landmark tax reform

Aug 03, 2016 - 4:16 PM

UPDATED The main rate of the Goods and Services Tax GST is still a topic for debate but business leaders are optimistic it will boost India s economy

An Indian shopkeeper sorts goods inside his shop in New Delhi on August 3, 2016. Sajjad Hussain/AFP

SONA 2016: Lawmakers happy Duterte supports their bills

Jul 25, 2016 - 9:34 PM

UPDATED Some lawmakers have filed bills on tax reform passport validity and universal health care even before President Rodrigo Duterte mentions them in his SONA

1ST SONA. President Rodrigo Duterte gestures while delivering his first State of the Nation Address on July 25. PHoto by Francis R. Malasig/EPA

Spend for growth, OECD urges governments

Jun 02, 2016 - 12:45 AM

The Organization for Economic Cooperation and Development says there is an urgent need for governments to ramp up spending

epa05340323 OECD Secretary-General Jose Angel Gurria (C-L) with other Ministers and delegations during the meeting of the OECD (Organisation for Economic Co-operation and Development) Council at ministerial level at the organization headquarter in Paris, France, 01 June 2016. OECD Week places a central emphasis on the need for policies that strengthen productivity, and promote inclusive and sustainable growth. EPA/ETIENNE LAURENT

Cagayan de Oro mayoral bets: Where they stand on issues

Apr 30, 2016 - 11:24 AM

Incumbent Mayor Oscar Moreno former city mayor Vicente Emano and lawmaker Rufus Rodriguez trade barbs over how they would run the city if they win the elections

FRIENDLY. Cagayan de Oro Mayor bet Vicente Emano (left) of PaDayon Pilipino Party, City mayor Oscar Moreno of Liberal Party and city 2nd district representative Rufus Rodriguez held hands after the third and final debate in Lim Ket Kai Mall on Thursday, April 28, 2016. Photo by Bobby Lagsa/Rappler

BIR-audited taxpayers 'just being harassed' – tax expert

Apr 29, 2016 - 4:00 PM

Reforming the Bureau of Internal Revenue and overhauling the 19 year old tax system is a challenge for the next administration says tax reform advocate Mon Abrea

GENUINE TAX REFORM. Mon Abrea of the Abrea Consulting Group says genuine tax reform should include rationalizing tax rates and fixing bureaucratic processes. Photo by Katerina Francisco/Rappler

Tax cuts as campaign promise? Overhaul tax system, economists say

Apr 23, 2016 - 9:00 AM

While two presidential candidates promise outright tax exemptions economists say a comprehensive overhaul is more sustainable and feasible

Image from Shutterstock

Plans and promises: Presidential bets on taxation

Apr 14, 2016 - 6:03 PM

Two candidates have made outright promises to exempt low income earners from paying income taxes while the rest say they re open to reviewing the tax code

TAX SYSTEM. All 5 presidential candidates say they're open to reviewing the tax system, with two proposing income tax exemptions.

Belgica: Lower income tax rate to 10%, scrap VAT

Apr 08, 2016 - 4:31 PM

Senatorial candidate Greco Belgica says that if taxes are lowered then people will have more money and will no longer need free services from government

Appeals court junks Philippine Heart Center's tax exemption bid

Mar 31, 2016 - 8:47 PM

This is despite the hospital s argument that if the facility is seized by the Quezon City government the operations of the hospital might be left to untrained hands

EU targets corporate tax avoidance as anger over Google spreads

Jan 29, 2016 - 12:24 AM

The news comes as the British government unleashes a storm of criticism for accepting too little tax from Google and as Italy demands hundreds of millions in euros in back taxes from US based Internet giant

GOOGLE AND TAXES. An external view of Google Italia's headquarters in Milan, northern Italy, January 28, 2016. Photo by Matteo Bazzi/EPA

Lower income tax rates? Aquino 'not convinced' it's good idea

Sep 14, 2015 - 4:58 PM

UPDATED President Benigno Aquino III says the proposal to raise VAT in exchange for lowering income tax levels will not benefit the majority

BIR extends deadline for e-filing of tax returns to June 15

Apr 13, 2015 - 12:25 AM

The extension only applies to the electronic filing but the deadline for manual filing remains April 15 says Kim Henares

Singapore raises taxes on rich to fund rising social spending

Feb 23, 2015 - 8:51 PM

The marginal personal income tax rate for those earning above SG 320 000 256 000 a year will rise to 22 next year from the current 20

An arrangement five thousand red balloons spell the number '50' on the Marina Bay backdropped by the skyline of the Central Business District in Singapore, 31 December 2014. Wallace Woon/EPA

#AskTheTaxWhiz: What's an eBIR?

Dec 11, 2014 - 2:19 PM

How does it work?

Unlock fiscal space to drive inclusive growth

Aug 10, 2014 - 12:59 PM

Creating the fiscal space for productive and countercyclical spending can help developing countries in the Asia Pacific region move towards implementing the G20 global growth compact adopted last year

Shamshad Akhtar, Under-Secretary-General of the United Nations and Executive Secretary of the Economic and Social Commission for Asia and the Pacific (ESCAP)

Is the Filipino middle class over-taxed?

Aug 03, 2014 - 12:05 PM

If the middle class feels the heavy weight of taxation does the evidence bear this out?

Missed the tax filing deadline? Here are the penalties

Apr 16, 2014 - 3:40 PM

In general late filers pay 25 of tax due plus 20 interest per annum and a compromise penalty

Who are exempted from filing income tax returns?

Apr 15, 2014 - 5:57 PM

A list of employed and self employed individuals who do not have to brave long lines on April 15 to submit ITRs

Palace: Late tax filers face penalties

Apr 13, 2014 - 7:21 PM

The government s reminder comes a few days before the April 15 deadline of the filing of income tax returns




Gov't reminds public of April 15 ITR filing deadline

Apr 05, 2014 - 3:50 PM

April 15 which falls on Holy Tuesday is the deadline for filing of income tax returns for professionals and other self employed individuals

Self-employed: What to consider in filing your tax return

Mar 31, 2014 - 3:05 PM

Did you just resign from your job to start your own business or do freelance work? Here are things you need when filing and paying your own taxes

Self-employed: How to register with BIR

Mar 27, 2014 - 3:39 PM

BIR mandates the following requirements and procedures for self employed individuals and professionals who are yet to register for tax filing

Doctor-patient consultation

Mar 14, 2014 - 8:45 AM

Examine your conscience to diagnose what really touched a nerve Refresh your memory on the Hippocratic oath as often as needed

YOLY VILLLANUEVA-ONG

The taxes we pay

Mar 13, 2014 - 3:02 PM

Know the types of national and local taxes we have in the Philippines

BIR launches new ad vs doctors

Mar 13, 2014 - 12:48 AM

Around 36 9 of registered taxpayer doctors in Cebu and Davao declared less income tax dues than that of a public school teacher

OECD delivers new global standard to target tax cheats

Feb 23, 2014 - 12:21 PM

The measures proposed involve countries obtaining information from their financial institutions and exchanging the details automatically with other jurisdictions on an annual basis

AFP Photo

Swiss banks scrambling to meet US deadline on bank secrecy

Dec 22, 2013 - 5:00 PM

Swiss banks have until the end of the year to decide whether to fess up to potential wrong doing and hand over their files to US authorities or take their chances outside the program

BANKING SECRECY SOON OUT. A file picture dated 24 January 2013 shows the logo of Swiss bank UBS, in Zurich, Switzerland. UBS is one of Switzerland's top banks. EPA/Steffen Schmidt

Australia PM moves to repeal climate tax

Nov 13, 2013 - 4:02 PM

Tony Abbott moves to abolish a carbon tax designed to combat climate change

AGAINST CARBON TAX. In this file photo, Australian Prime Minister Tony Abbott speaks to the media in front of the Bali bombing memorial after laying a wreath at the memorial to those killed in the 2002 Bali bombing, in Kuta, Bali, Indonesia, 09 October 2013. EPA/Made Nagi

BIR sues a retailer, 3 firms for tax evasion

Oct 24, 2013 - 4:18 PM

The tax bureau files charges against an infant clothes retailer an engineering firm a transportation company and a realty firm for non payment of correct taxes

Obama's second term, sound and fury but few wins

Jul 14, 2013 - 1:15 PM

Big hopes of action on immigration the economy and taxation are fading meaning Obama s second term may be more about cementing gains of his first four years than adding to his legacy

US President Barack Obama talks with President Vladimir Putin of Russia during a phone call in the Oval Office, July 12, 2013. Official White House Photo by Pete Souza

US Congress finally averts fiscal cliff

Jan 02, 2013 - 9:55 AM

UPDATED After bitter New Year brinksmanship the US Congress finally backed a deal to avert a fiscal cliff of tax hikes and massive spending cuts that had threatened to unleash economic calamity

SAVED FROM THE EDGE. Members of the House of Representatives, including Rep. Jason Chaffetz (R-UT) (L), leave after voting for legislation to avoid the "fiscal cliff" during a rare New Year's Day session January 1, 2013 in Washington, DC. Voting 257-167, the House passed a bill that the Senate passed the night before, clearing the way for President Barack Obama to sign the legislation to avoid the "fiscal cliff." Chip Somodevilla/Getty Images/AFP

Drama in Washington as fiscal cliff looms

Dec 31, 2012 - 8:41 AM

Leaders in deeply polarized Washington groped Sunday December 30 for a stop gap deal to avert a fiscal calamity due to strike in a matter of hours and with potential to shock markets and spark global economic turmoil

The Capitol Dome is seen through the glass in the Captitol Visitors Center on Capitol Hill, on December 27, 2012 in Washington, DC. Drew Angerer/Getty Images/AFP

Obama to Republicans: raise taxes on rich or no deal

Dec 05, 2012 - 8:28 AM

US President Barack Obama warned Republicans Tuesday December 4 there would be no deal on averting a potentially disastrous fiscal crisis without them caving in to his demand to raise tax rates on the rich

US President Barack Obama speaking during an interview with Bloomberg Television, posted on the news organization's site December 4, 2012. Frame grab courtesy of Bloomberg Television.

The sins of our legislators

Oct 02, 2012 - 3:27 PM

We don’t need a code to decipher why many of our congressmen and senators are on the side of the tobacco companies

If you love your country, pay your taxes - Henares

Sep 18, 2012 - 5:16 PM

Patriotism starts with paying the right taxes

Aquino assured of Congress' support on sin tax reform bill - Abad

Mar 26, 2012 - 2:07 PM

DBM Secretary Florencio Abad said the administration is confident it has the “numbers in Congress” to get the measures passed

#CoronaTrial: Day 7

Jan 26, 2012 - 6:28 PM

Day 7: BIR chief continues testimony reveals tax records of Corona daughters