taxes
ARTICLE FINDER

Apple to pay $38B in US taxes on repatriated profits

Jan 18, 2018 - 10:31 AM

Apple becomes one of the biggest beneficiaries of a new US tax bill which lowers the rate of repatriated profits to around 15% and cut the corporate tax rate to 21% from 35%.

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 Gabrielle Lurie/AFP


#AskTheTaxWhiz: Top 10 questions about the tax reform law

Jan 17, 2018 - 4:40 PM

The Philippine Tax Whiz explains what the Tax Reform for Acceleration and Inclusion (TRAIN) law is all about

No budget for teachers' salary hike in 2018 – Diokno

Jan 17, 2018 - 1:54 PM

'We cannot unilaterally change the budget because the Congress has the power of the purse...We cannot spend what Congress has not approved,' says Budget Secretary Benjamin Diokno

TOO COSTLY. Budget Secretary Benjamin Diokno said doubling the salaries of public school teachers is too costly for the government. Photo by Aika Rey/Rappler

Poor families to get P200 tax reform subsidy starting January

Jan 15, 2018 - 1:25 PM

A total of 10 million families would benefit from the Unconditional Cash Transfer (UCT) scheme, says the Department of Social Welfare and Development

INFORMAL SECTOR. The tax reform initiative will hit vendors and small-scare independent traders the hardest. Photo by Martin San Diego/Rappler

#ThewRap: Things you need to know, January 15, 2018

Jan 15, 2018 - 10:39 AM

Hello! Here are the stories you shouldn't miss this Monday.

Prices of McDonald's drinks could go up due to tax reform

Jan 15, 2018 - 12:50 AM

The exclusive franchise holder of McDonald's in the Philippines says it is thinking of ways to balance the impact of the newly-enacted tax on sugar-sweetened beverages

HIKE IN SODA? Golden Arches Development Corporation is thinking of ways to balance the impact of the newly-enacted tax on sugar-sweetened beverages on its business and its customers. Photo from McDonald's Philippines website

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

Petition vs tax reform law, Malacanang on comfort woman statue, Trump on NoKor talks | Evening wRap

Jan 11, 2018 - 8:20 PM

Watch the evening newscast with Marguerite de Leon

'Beggars can't be choosers': Netizens assess P200 monthly grant to poor families

Jan 11, 2018 - 5:41 PM

While some netizens find P200 too meager, others say the poor have no right to complain

ACT Teachers group calls Diokno 'teacher's enemy #1'

Jan 11, 2018 - 3:02 PM

ACT Teachers Representative Castro says Budget Secretary Diokno 'consistently opposed proposals for the increase of benefits and salaries of teachers'

BUDGET ISSUES. ACT Teachers partylist hits the budget secretary for statements over a proposed salary hike. Photo courtesy of ACT Teachers

Calida mocks petitioners vs tax reform law: 'Is that all you have?'

Jan 11, 2018 - 2:39 PM

'Why am I not surprised at your blatant disrespect for basic democratic principles, Mr Solicitor General?' says ACT Teachers Representative Antonio Tinio, one of the petitioners

Members of the Makabayan Bloc file a petition to derail the implementation of the the Tax Reform for Acceleration and Inclusion (TRAIN) Law before the Supreme Court in Manila on January 11, 2018. Photo by Ben Nabong/Rappler.

Makabayan bloc asks SC to strike down tax reform law

Jan 11, 2018 - 11:10 AM

(UPDATED) Leftist lawmakers argue that the House had no quorum and did not call a vote when it ratified the joint bicameral conference report on the Train bill

Members of the Makabayan Bloc file a petition to derail the implementation of the the Tax Reform for Acceleration and Inclusion (TRAIN) Law before the Supreme Court in Manila on January 11, 2018. Photo by Ben Nabong/Rappler.

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

Poorest families to get P200 monthly to offset effect of new taxes

Jan 10, 2018 - 6:02 PM

'This is in response to critics who say that Train is anti-poor because the informal sector and already tax-exempt wage earners will be faced with higher excise taxes,' says Budget Secretary Benjamin Diokno

BRIEFING. Budget Secretary Benjamin Diokno held a press conference on January 10, 2017. Photo from DBM

[OPINION] Without enough transfers, tax reform law will hurt the poor

Jan 10, 2018 - 5:29 PM

'All in all, the first package of TRAIN was an opportunity to correct many problems that have long ailed our tax system. While a step in the right direction, many of TRAIN’s well-meaning provisions got watered down by politicians.'

Duterte on corruption, Teachers’ salary hike, Princess Charlotte nursery photos | Evening wRap

Jan 09, 2018 - 7:29 PM

Watch the evening newscast with Acor Arceo

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)

No fare hike due to new taxes until March – LTFRB

Jan 09, 2018 - 5:20 PM

The Land Transportation Franchising and Regulatory Board says it will consult with the National Economic and Development Authority on a 'justifiable' fare increase

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

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

DOF unit proposes 1,400% increase in casino entrance fee

Jan 08, 2018 - 4:10 PM

The National Tax Research Center says this increase would discourage low-income earners from gambling and would also lead to higher revenue collection for infrastructure projects

HIGH ENTRANCE FEES. Tourist and casino players arrive at the grand opening of the City of Dreams mega-casino in Manila on February 2, 2015. Photo by Jay Directo/AFP

[EDITORIAL] #AnimatED: Sasagasaan ng TRAIN ang mahirap

Jan 08, 2018 - 9:00 AM

Maglalaho ang mga ngiti sa ating mga labi kapag nilimas ng price increases ang nadagdag sa paycheck

#ThewRap: Videos you need to watch this week, January 1-7, 2018

Jan 07, 2018 - 1:17 PM

Must-watch videos from this week

Malacanang on foreign trips, Grab fare increase, Trump slams book | Evening wRap

Jan 05, 2018 - 8:33 PM

Watch the evening newscast with Chay Hofileña

Teachers’ take-home pay to increase due to tax reform – DepEd

Jan 05, 2018 - 5:55 PM

The education department doesn't take into account how the teachers have to spend more on products made pricier by the same tax reform law

HIGHER SALARY, PRICIER GOODS. A teacher conducts a lesson to elementary students in Marikina City on September 27, 2017. Photo by LeAnne Jazul/Rappler

Steady Philippine inflation of 3.2% in 2017 seen to rise on new tax rates

Jan 05, 2018 - 4:06 PM

The movement of prices of basic goods and services was steady at 3.3% in December, bringing the full-year 2017 rate to 3.2%. But the newly-implemented tax package and higher global oil rates could put pressure on inflation this year.

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

Dengvaxia sale suspended, Marina chief fired, Trump slams Bannon | Evening wRap

Jan 04, 2018 - 7:50 PM

Watch the evening newscast with Marguerite de Leon

[OPINION] Train law: What does it change?

Jan 04, 2018 - 6:23 PM

As a tax lawyer, I noticed that there are a lot of news reports on the changes. But actually, there are much more significant changes under the Train law which are not being reported.

Honda Philippines raises prices for most cars due to tax reform law

Jan 04, 2018 - 2:50 PM

Prices go up for models below premium levels, while rates for more expensive vehicles are either maintained or even slightly lowered

BIR files tax evasion complaints vs Mark Taguba, Kenneth Dong

Jan 04, 2018 - 2:48 PM

The BIR claims customs fixer Mark Taguba – the whistleblower in the smuggled P6.4-billlon shabu shipment – owes the government P850 million

TAX EVASION. Customs broker and middleman Mark Taguba and Kenneth Dong are slapped with multi-million tax evasion cases based on their testimonies of their roles at the Bureau of Customs.

Transport groups demand P6 per liter fuel discount

Jan 04, 2018 - 1:50 PM

Piston says public utility vehicles should get the discount to counter the effects of the tax reform law

JEEP. A jeep carrying goods and passengers speeds through one of the highways in Coron, Palawan in December 2013. Photo by Pat Nabong/Rappler

Labor union eyes wage hike petition amid TRAIN effects on prices

Jan 04, 2018 - 1:25 PM

The Associated Labor Unions-Trade Union Congress of the Philippines says it would seek a nationwide wage increase if the tax reform law triggers 'exorbitant' inflation

INFLATION. A labor union is eyeing to file a petition for a nationwide wage increase should prices of goods become 'exorbitant' because of the tax reform initiative. File photo

Existing stocks of sweetened drinks exempt from new tax rates – DTI

Jan 03, 2018 - 9:00 PM

The Department of Trade and Industry also eyes freezing prices of sugar-sweetened beverages until the middle of January

NEW TAX CODE. New excise tax rates should not impact sweetened beverage being sold at grocery stores and fuel at filling stations for two to 3 weeks as they still carry inventories of old costing, DTI says. Photo from AFP

Filipinos to feel impact of higher fuel tax starting mid-January

Jan 03, 2018 - 6:00 PM

Fuel prices could go up in two weeks' time, once existing petroleum stocks of retailers are used up

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

Philippine stocks break 8,700 level to open 2018

Jan 03, 2018 - 4:30 PM

(UPDATED) Investors remain upbeat even as the 20% hike in stock transaction tax takes effect at the local bourse

#ThewRap: Things you need to know, January 2, 2018

Jan 02, 2018 - 11:48 AM

Hello! Here are the stories you need to know this Tuesday.

FIRECRACKER INJURY. One of 12 patients treated at the Jose R. Reyes Memorial Hospital  in Sta. Cruz, Manila, due tofirecracker-related injuries on January 1, 2018. Photo by Angie de Silva/Rappler

Saudi, UAE introduce VAT in first for Gulf

Jan 01, 2018 - 8:44 PM

The other Gulf states – Bahrain, Kuwait, Oman, and Qatar – are also committed to introducing VAT but have delayed the move until early 2019

Firecracker ban, Tropical Depression Agaton, New Year in New York | Evening wRap

Jan 01, 2018 - 8:06 PM

Watch Rappler’s evening newscast with Mara Cepeda

New tax rates don't apply to old petroleum stocks, DOE warns

Jan 01, 2018 - 4:49 PM

New excise tax rates on petroleum products are levied upon importation, not at the point of sale to the consumers

NEW TAX RATES. The implementation of excise tax and value added tax (VAT) for petroleum products under the Tax Reform for Acceleration and Inclusion Law is effective on January 1, 2018. File photo

Pricier goods under TRAIN Law mean better basic services, says Andanar

Jan 01, 2018 - 2:02 PM

Communications Secretary Martin Andanar says the TRAIN Law will open more job opportunities for Filipinos

TAX TALKS. Communications Secretary Martin Andanar defends the TRAIN Law. File photo by Ace Morandante/Presidential Photo

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

Higher fuel prices in 2018? Fill your tanks now, says Andanar

Dec 31, 2017 - 12:55 PM

Palace Communications Secretary Martin Andanar reiterates that under the new tax law, 99% of taxpayers will pay lower income tax

NEW TAX LAW. Palace Communications Secretary Martin Andanar says reduced income tax under the new tax law would give the people more purchasing power. File photo from Malacañang Photo

[OPINION] How lawmakers gifted themselves with tax cuts on luxury cars

Dec 28, 2017 - 11:00 AM

By passing a law that makes expensive cars cheaper rather than costlier, our lawmakers not only weakened the promise of TRAIN, but also benefitted the wealthy at the expense of the Filipino people

DOCUMENT: Tax reform package in Republic Act 10963

Dec 27, 2017 - 11:24 PM

The Tax Reform for Acceleration and Inclusion (Train) Law will take effect on January 1, 2018

Andanar admits new tax reform law will lead to more expensive goods

Dec 23, 2017 - 9:25 PM

'So, tataas 'yung bilihin. [Pero] hindi ba nila naisip na dahil dito...ay tataas din po ang koleksiyon ng ating bayan?' says Presidential Communications Secretary Martin Andanar

Presidential Communications Secretary Martin Andanar delivers a message during the Cebu City leg of the 2017 Association of Southeast Asian-Presidential Communications Operations Office (ASEAN-PCOO) Roadshow at the Cebu Grand Convention Center on March 3, 2017. ACE MORANDANTE/Presidential Photo

Duterte vetoes parts of tax reform law

Dec 22, 2017 - 7:12 PM

The vetoes will help the first package of tax reforms expected to reach the target P90 billion in revenue in 2018, according to the Department of Finance

President Rodrigo Roa Duterte shares a light moment with Finance Secretary Carlos Dominguez III during the cabinet cluster meeting in Malacañan Palace on November 6, 2017. ACE MORANDANTE/PRESIDENTIAL PHOTO

Trump triumphs as Congress passes sweeping tax cuts

Dec 21, 2017 - 8:28 AM

'We are making America great again,' says US president Donald Trump

MAJOR VICTORY. Donald Trump reaches a milestone for his administration with the tax cuts. AFP photo

Trump nears tax victory as U.S. Senate passes overhaul

Dec 20, 2017 - 2:05 PM

(UPDATED) The Republican legislation passes the Senate along strict party lines, 51 votes to 48, with all Democrats united in opposition

The U.S. Capitol is shown on the morning of June 11, 2014 in Washington, DC. Mark Wilson/Getty Images/AFP