taxes - updates

Rappler's latest stories on taxes

ARTICLE FINDER

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

#AskTheTaxWhiz: Computing tax for mixed income earners

Aug 07, 2019 - 7:00 PM

The Philippine Tax Whiz talks about mixed income earners and how they are taxed

Duterte approves higher excise tax for tobacco products

Jul 25, 2019 - 6:47 PM

Under the new law, excise tax on cigarettes will go up to P45 from P35 starting January 1, 2020, to be followed by more increases in succeeding years

Rappler file photo

Duterte tells Congress to prioritize Trabaho bill

Jul 22, 2019 - 7:15 PM

The Trabaho bill, which aims to reduce corporate tax and rationalize tax incentives, is mentioned in President Rodrigo Duterte's 4th State of the Nation Address

Technicality gets Dionisia Pacquiao off the hook in P1.39-M tax case

Jul 17, 2019 - 3:20 PM

The Court of Tax Appeals says there is no proof that a certain Analyn Abrera was authorized to receive the notice about Dionisia Pacquiao's tax case on her behalf

OFF THE HOOK. Dionisia Pacquaio is off the hook in a P1.39 million tax case. File photo by Josh Villanueva

France passes law taxing digital giants in defiance of U.S. anger

Jul 11, 2019 - 6:26 PM

The legislation – dubbed the GAFA tax – an acronym for Google, Apple, Facebook and Amazon – is passed by a simple show of hands in the Senate upper house after previously being passed by the National Assembly lower chamber

GAFA TAX. This combination of pictures shows the logos of the GAFA's, named after Google, Amazon, Facebook and Apple, displayed on a tablet in Paris, on February 18, 2019. Photo by Lionel Bonaventure/AFP

U.S. launches probe of France's planned tech giants tax

Jul 11, 2019 - 3:01 PM

The probe into unfair trade practices could pave the way for Washington to impose punitive tariffs – something Trump has done repeatedly since taking office.

TECH GIANT TAX PROBE. US President Donald Trump holds a meeting on the opioid epidemic in the Roosevelt Room of the White House in Washington, DC, June 12, 2019. File photo by Saul Loeb/AFP

#AskTheTaxWhiz: Filing of returns for withholding tax

Jul 10, 2019 - 5:35 PM

The Philippine Tax Whiz answers which form you should use for withholding tax

San Juan City fails to impose P736M in taxes on businesses

Jul 09, 2019 - 10:39 PM

The Commission on Audit says the city treasurer's office under-collects from 8 big corporate taxpayers

#AskTheTaxWhiz: Business style in official receipts

Jul 04, 2019 - 7:00 PM

The Philippine Tax Whiz answers what 'business style' refers to in official receipts

#AskTheTaxWhiz: Top questions on tax amnesty

Jun 26, 2019 - 9:40 PM

Still confused about tax amnesty? The Philippine Tax Whiz answers the most frequently asked questions.

#AskTheTaxWhiz: How do I avail of estate tax amnesty?

Jun 12, 2019 - 3:45 PM

The Philippine Tax Whiz discusses how you can finally transfer those long-overdue properties

#AskTheTaxWhiz: Handling books of accounts

Jun 05, 2019 - 5:30 PM

The Philippine Tax Whiz discusses the guidelines for handling books of accounts

Senate approves higher taxes on cigarettes, tobacco products

Jun 03, 2019 - 8:55 PM

The bill proposes a starting tax rate of P45 in 2020, followed by a series of annual P5 increases until the rate reaches P60 in 2023

Rappler file photo

#AskTheTaxWhiz: What does it mean to be a top withholding agent?

May 29, 2019 - 3:20 PM

The Philippine Tax Whiz answers the questions of a top withholding agent

Duterte certifies as urgent bill on higher tobacco tax

May 28, 2019 - 5:52 PM

The certification of Senate Bill No. 2233 as urgent allows the Senate to pass the measure on second and third and final reading on the same day

Angara sponsors bill seeking to increase tobacco taxes

May 27, 2019 - 5:20 PM

The Senate ways and means committee report proposes a starting tax rate of P45 per cigarette pack in 2020, followed by a series of annual P5 increases until the rate reaches P60 in 2023

RISKS. WHO says long-term testing on heated tobacco was non-existent and voiced concern that promoting the products would ultimately see less people quit smoking. Rappler file photo

#AskTheTaxWhiz: What are the quarterly income tax returns?

May 22, 2019 - 7:50 PM

The Philippine Tax Whiz discusses why the 1st quarter ITR is important

‘Zero vote:’ Youth groups slam Imee Marcos’ dishonesty

May 06, 2019 - 9:40 PM

The groups ask fellow voters to exert an effort to reach other electorates and educate them about the characteristics leaders must possess

TWO FACES. Various youth groups call on Filipinos not to vote for Imee Marcos at the "Zero Votes for Imee Marcos" unity declaration event in Quezon City on Monday, May 6. Photo by Kurt Dela Peña/Rappler

#AskTheTaxWhiz: How do I avail of the tax amnesty on delinquencies?

May 01, 2019 - 2:00 PM

The Philippine Tax Whiz discusses the process for the tax amnesty on delinquencies, including the forms to use

#AskTheTaxWhiz: Documentary requirements for VAT-exempt medicines

Apr 26, 2019 - 4:00 PM

The Philippine Tax Whiz discusses the documentary requirements for VAT-exempt medicines