taxes - updates

Rappler's latest stories on taxes

ARTICLE FINDER

Duterte signs new taxes on alcohol, e-cigarettes into law

Jan 22, 2020 - 10:07 PM

(UPDATED) Beer will be roughly P35 more expensive once the new tax rates kick in

France makes proposals to U.S. to resolve tech tax row

Jan 17, 2020 - 11:03 PM

'There are possibilities available, we are working with (US Treasury Secretary) Steven Mnuchin. I made several proposals to him,' French Finance Minister Bruno Le Maire says

THE GAFA TAX. This combination of pictures shows the logos of the GAFA's, named after US multinational technology and Internet-related services company Google, online retail giant Amazon, social media service Facebook and multinational technology company Apple, displayed on a tablet on February 18, 2019. File photo by Lionel Bonaventure/AFP

New year, more taxes: Last fuel hike under TRAIN takes effect

Jan 01, 2020 - 3:11 PM

Under the final tranche, excise tax for gasoline and kerosene will increase by P1 per liter, while diesel prices will go up by P1.50

TAXES. Oil prices will surge anew in 2020 due to the Tax Reform for Acceleration and Inclusion law. File photo by Darren Langit/Rappler

DOE to oil firms: Use up old inventory first before slapping new tax

Dec 25, 2019 - 10:40 PM

The Department of Energy says oil companies may face large-scale estafa charges if they slap the TRAIN law's new taxes on old stocks in 2020

New taxes on alcohol, tobacco await Duterte's signature

Dec 18, 2019 - 11:06 PM

But the bill won't bring significant revenues for the implementation of the Universal Health Care law as originally planned

HIGHER TAXES. The 18th Congress ratified the measure increasing alcohol and tobacco taxes. Stock photo

Google settles $327 million tax bill in Australia

Dec 18, 2019 - 6:29 PM

'This settlement is another great outcome for the Australian tax system,' says Australian Tax Office Deputy Commissioner Mark Konza

GOOGLE. In this file photo taken on May 16, 2019 a woman takes a picture with two smartphones in front of the logo of the US multinational technology and Internet-related services company Google. File photo by Alain Jocard/AFP

U.S. Supreme Court to hear Trump tax return cases in 2020

Dec 14, 2019 - 9:05 AM

A Supreme Court ruling in the case would come less than 6 months before Americans go to the polls in November 2020

TRUMP. US President Donald Trump at the White House on December 9, 2019 in Washington, DC. File photo by Brendan Smialowski/AFP

In nearly 3-year drug trial, DOJ yet to submit AMLC report vs De Lima

Nov 26, 2019 - 5:20 PM

'Either the AMLC report is being manufactured...or the DOJ is simply engaged in a drawn-out fishing expedition,' says the camp of detained Senator Leila de Lima

DRUG TRIAL. Opposition Senator Leila De Lima attends her almost three-year running drug trial at the Muntinlupa RTC Branch 205 on November 8, 2019. Photo by Office of Senator Leila De Lima

House bill reforming real property valuation passed on 2nd reading

Nov 19, 2019 - 7:00 PM

Voting on 2nd reading, lawmakers give their nod to the 3rd package under the Duterte government's Comprehensive Tax Reform Program

TAX REFORM. Lawmakers are on the move to amend the country's real property valuation system. File photo by LeAnne Jazul/Rappler

[ANALYSIS | Point of Law] A correct move for our stock market?

Nov 18, 2019 - 8:27 PM

The proposed Passive Income and Financial Intermediary Taxation Act appears unsound, and Congress may want to rethink it before it's too late

Trump asks Supreme Court to protect his tax returns

Nov 15, 2019 - 9:39 AM

The US president's attorneys argue that Trump enjoys immunity both from prosecution and from any acts of investigation

CHRISTMAS EVE. US President Donald Trump speaks on the telephone as he answers calls from people calling into the NORAD Santa tracker phone line in the State Dining Room of the White House in Washington, DC, on December 24, 2018. Photo by Saul Loeb/AFP

U.S. Congress can still seek Trump tax records, court decides

Nov 14, 2019 - 2:29 PM

The decision marked the second time an appeals court has denied Donald Trump's attempt to avoid a House subpoena that calls for him to turn over 8 years of accounting documents

DONALD TRUMP. US President Donald Trump delivers remarks at the Hispanic Heritage Month Reception at the White House in Washington, DC, September 27, 2019. File photo by Jim Watson/AFP

Rappler, Ressa seek outright dismissal of tax cases at CTA

Nov 13, 2019 - 2:00 PM

Rappler argues that BIR's own witnesses admit this is the first time that a holding company that issued PDRs is being categorized as a 'securities dealer'

BAIL. Maria Ressa pays P204,000 worth of bail before the Court of Tax Appeals on December 11, 2018, over 4 cases of alleged violation of the Tax Code. Photo by Rappler

Duterte certifies as urgent bill increasing cigarette, alcohol taxes

Nov 12, 2019 - 3:55 PM

President Rodrigo Duterte says increasing taxes on cigarettes and alcohol would 'generate additional revenue' for universal health care

BALIKTARAN. Senator Pia Cayetano holds two packs of alcopop “Gaz” presenting the said product to the members of the senate. September 25, 2019. Photo by Angie de Silva/Rappler

House panel OKs bill increasing road users’ tax starting 2020

Nov 11, 2019 - 9:57 PM

House committee on ways and means chairperson Joey Salceda estimates the tax increases would yield P9 billion, which would help fund the PUV Modernization Program

TAX HIKE. Lawmakers are propsing to increase the taxes imposed on motor vehicle owners. File photo by Joel Liporada/Rappler

DOF not too keen on taxing salty products

Nov 08, 2019 - 5:20 PM

'Meron diyang food labeling types of intervention.... So nandoon palang ‘yung usapan, wala pang specific proposal para dito sa panukalang ito,' says Finance Assistant Secretary Tony Lambino

STUDYING. Finance Asec Tony Lambino says the government is still studying the proposed 'asin' tax. Photo by Angie de Silva/Rappler

Sandiganbayan convicts 3 ex-DOF officials over tax credit fraud

Nov 03, 2019 - 7:35 PM

Former DOF officials Uldarico Andutan Jr, Raul de Vera, and Rosanna Diala are sentenced to 6 years in jail over the 'fraudulent approval' of a P6-million tax credit certificate for Jam Transit

GRAFT CHARGES. Three former Department of Finance officials are sentenced to 6 years in prison over the fraudulent approval of a tax credit certificate. Photo by Darren Langit/Rappler

After sugary drinks, DOH eyes tax on salty food

Nov 01, 2019 - 1:38 PM

(UPDATED) Philippine health officials mull over the measure following a recent report that Filipinos consume far more salt than the World Health Organization recommendation

Image from Shuttershock

#AskTheTaxWhiz: Things you should know about online businesses

Oct 23, 2019 - 9:19 AM

Do online businesses still need to register their business and pay taxes? How will the ongoing tax reforms affect them? The Philippine Tax Whiz answers these questions.

DOF backs more taxes for online gambling firms

Oct 22, 2019 - 6:57 PM

Finance Secretary Carlos Dominguez supports the plan of Albay Representative Joey Salceda to slap more taxes on Philippine Offshore Gaming Operators and their service providers

TUCP fears job losses under Citira bill

Oct 13, 2019 - 3:50 PM

The Trade Union Congress of the Philippines urges government agencies to put in place a 'genuine transition program' for displaced workers before Citira's implementation – not after

JOB LOSS? Citing estimates by business groups, labor group Trade Union Congress of the Philippines says some 700,000 workers may lose their jobs with the passage of the Citira bill. File photos by AFP

EU removes Switzerland, UAE from tax haven list

Oct 10, 2019 - 9:20 PM

The European Union says Switzerland and the United Arab Emirates are among the countries which have implemented tax reforms

Image via Shutterstock

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

U.S. judge orders Trump to produce tax returns, president appeals

Oct 07, 2019 - 10:13 PM

(UPDATED) 'The Court cannot square a vision of presidential immunity that would place the President above the law,' Judge Victor Marrero says in a 75-page ruling rejecting Trump's argument

TAX RETURNS. In this file photo taken on September 11, 2018, US President Donald Trump speaks to members of the press following a briefing on Hurricane Florence in the Oval Office at the White House in Washington, DC. File photo by Zach Gibson/AFP

GMA's Gozon, Inquirer's Prieto slapped with P23-M tax case

Oct 03, 2019 - 1:31 PM

(UPDATED) The tax department sues the now-defunct INQ7 for tax deficiencies

Senate panel OKs bill increasing cigarettes, alcohol taxes

Sep 25, 2019 - 6:01 PM

If passed, the new set of taxes for alcohol and cigarette products will yield P40 billion to P50 billion in revenues

HIGHER TAXES. Senator Pia Cayetano introduces to the plenary Senate Bill No. 1074 seeking to increase alcohol and cigarette taxes. Photo by Angie de Silva/Rappler

EU loses big Starbucks tax case, wins on Fiat

Sep 24, 2019 - 10:25 PM

Starbucks is spared from paying 30 million euros to the Netherlands, while Fiat must pay roughly the same amount to Luxembourg

In this photo taken on September 22, 2019 the Starbucks Coffee logo and the european flag are pictured together. - EU General Court is expected to rule on whether Competition Commissioner Margrethe Vestager was right to demand unpaid taxes from Starbucks and a unit of Fiat Chrysler on September 24. (Photo by Kenzo TRIBOUILLARD / AFP)

#AskTheTaxWhiz: VAT exemptions, discounts for PWDs

Sep 20, 2019 - 9:00 PM

The Philippine Tax Whiz discusses the discounts available to persons with disabilities and which items are exempt from value-added tax

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'

Apple slams EU as epic court battle over tax bill begins

Sep 17, 2019 - 10:19 AM

(3rd UPDATE) The EU's tax demand, made 3 years ago, 'defies reality and common sense,' Apple's lawyer Daniel Beard tells the EU's lower General Court

APPLE. This file photo taken on June 13, 2016 shows the Apple logo displayed on a screen at Apple's annual Worldwide Developers Conference presentation at the Bill Graham Civic Auditorium in San Francisco, California. File photo by Barielle Lurie/AFP


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

#AskTheTaxWhiz: What is a compromise settlement?

Sep 13, 2019 - 9:30 AM

The Philippine Tax Whiz discusses a method of lowering your tax liabilities the right way

[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

#AskTheTaxWhiz: How are investments taxed?

Sep 04, 2019 - 9:50 PM

The Philippine Tax Whiz discusses the taxes when trading in shares of stock

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

Winemakers whining over proposed tax hike

Aug 29, 2019 - 5:50 PM

Wine companies say they only have a market share of 1%, and no matter how high taxes are raised, it would only be a 'drop in the bucket' for the government

Lacson: Philippines lost P82 billion in Chinese imports tax in 2017

Aug 29, 2019 - 5:20 PM

'May nakikinabang dito, Customs. So how about automation? Computerized na tayo pero there's no automation,' says the senator

BUDGET. Senator Panfilo Lacson at the briefing by the Development Budget Coordination Committee on the FY 2020 national expenditure program on August 29, 2019. Photo by Angie de Silva/Rappler

#AskTheTaxWhiz: How do I calculate how much estate tax to pay?

Aug 29, 2019 - 5:00 PM

You may have heard of estate tax amnesty, but what do you know about estate tax? Learn about it from the Philippine Tax Whiz.

BIR files tax evasion complaint vs Kapa founder's wife

Aug 29, 2019 - 12:35 PM

Reyna Apolinario has allegedly not declared income worth P307.7 million from 2017 to 2018

IN DEFENSE OF KAPA. Pastors from different religious groups and hundreds of members belonging to KAPA Community Ministry International Inc. march along Elliptical Road in Quezon City to call on President Rodrigo Duterte to listen to members call to unfreeze KAPA's bank accounts and assets. Photo by Darren Langit/Rappler

U.S., France reach agreement on digital taxes

Aug 27, 2019 - 5:48 PM

Macron says France would scrap its own digital tax once a new international levy being discussed among 134 OECD countries is in place. France hopes it will be ready in 2020.

AGREEMENT. France's President Emmanuel Macron (R) and US President Donald Trump pose during a joint press conference in Biarritz, France on August 26, 2019. Photo by Bertrand Guay/AFP

Isko Moreno slashes Manila's real property tax by 20% in 2020

Aug 22, 2019 - 4:39 PM

The newly signed city ordinance, which takes effect on January 1, 2020, imposes a total of 40% reduction in real property tax in three years. It aims to increase Manila's revenue collection while easing the burden of paying tax obligations

NEW ORDINANCE. Manila Mayor Isko Moreno hopes to encourage businesses to set up shop in Manila. File photo by Lito Borras/Rappler

#AskTheTaxWhiz: Registering and updating TIN for employees

Aug 21, 2019 - 4:00 PM

No TIN yet? Changing employers? The Philippine Tax Whiz answers questions about TIN for employees.

Filipinos can now pay taxes online via PESOnet

Aug 20, 2019 - 8:30 PM

Paying taxes will just be a few clicks away, as the government launches a digital tax payment system


House OKs bill increasing taxes on alcohol, e-cigarettes starting 2020

Aug 20, 2019 - 6:00 PM

The new sin tax bill is the first measure to have successfully hurdled the House in the 18th Congress

House substitutes bill on alcohol tax hike to also include e-cigarette tax

Aug 14, 2019 - 10:25 PM

Just before it is approved on 2nd reading, the bill increasing taxes on alcoholic drinks is substituted with a new version that expands its coverage

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