taxes in the Philippines
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#AskTheTaxWhiz: What does the Trabaho bill offer?

Sep 17, 2018 - 3:00 PM

The Philippine Tax Whiz discusses the impact of the Trabaho bill to ordinary taxpayers

House opposition wants to suspend excise tax increases on fuel, oil

Sep 10, 2018 - 8:30 PM

Opposition lawmakers argue suspending the excise tax increases on fuel and oil products will help curb rising inflation

RISING. The TRAIN law affects fuel prices. File photo by Ben Nabong/Rappler

Health advocates urge gov't to increase tobacco tax

Sep 07, 2018 - 5:19 PM

'If we do not implement [higher] tax at this time, by the time President Duterte steps down, we will actually have one million new smokers,' says Dr Ulysses Dorotheo of the Southeast Asia Tobacco Control Alliance

TOBACCO CONTROL. Health advocates present ways government can continue to strengthen tobacco control in the Philippines. Photo by Sofia Tomacruz/Rappler

#AskTheTaxWhiz: VAT or non-VAT taxpayer?

Sep 05, 2018 - 11:00 AM

The Philippine Tax Whiz explains when to register as a VAT or non-VAT taxpayer, for the self-employed and professionals

#AskTheTaxWhiz: Top questions of the self-employed, professionals

Aug 29, 2018 - 11:00 AM

The Philippine Tax Whiz answers the frequently asked questions of self-employed individuals and professionals

How damaged assets can reduce your income tax

Aug 19, 2018 - 7:20 PM

Our tax laws allow casualty losses to be claimed as deduction for income tax purposes

#AskTheTaxWhiz: Planning to franchise a food cart business?

Aug 08, 2018 - 11:00 AM

The Philippine Tax Whiz explains the taxes you need to pay when you franchise a business

#AskTheTaxWhiz: Oplan Kandado for non-compliant taxpayers

Jul 11, 2018 - 11:00 AM

The Philippine Tax Whiz discusses the grounds for suspension and closure of businesses due to non-compliance with tax regulations

#AskTheTaxWhiz: Filing an amended tax return

Jul 04, 2018 - 11:00 AM

The Philippine Tax Whiz clarifies the imposition of surcharge, interest, and compromise penalty for filing an amended tax return

#AskTheTaxWhiz: Planning to buy a car?

Jun 26, 2018 - 10:45 AM

The Philippine Tax Whiz explains the impact of the Tax Reform for Acceleration and Inclusion (TRAIN) law on the prices of automobiles

TRAIN law abuses women – rights group

Jun 20, 2018 - 4:45 PM

Women's rights group Oriang says poor women suffer the most under the Tax Reform for Acceleration and Inclusion (TRAIN) law

#AskTheTaxWhiz: Social mitigating measures of tax reform law

Jun 20, 2018 - 3:00 PM

The Philippine Tax Whiz lets us know about provisions in the TRAIN law meant to help the poorest of the population

Despite higher inflation, economic managers reject TRAIN law suspension

Jun 05, 2018 - 1:45 PM

'We must stay the course,' the economic managers say in a joint statement as they defended the tax reform law as crucial to progress

INFLATION BRIEFING. Budget Secretary Benjamin Diokno (middle) reads the joint statement of the Department of Budget and Management, Department of Finance, and National Economic and Development Authority on the May 2018 inflation figure. Photo from DBM

[OPINION] Higher inflation: Is TRAIN to blame? (Part 2)

Jun 03, 2018 - 8:00 AM

Higher inflation, coupled with the forthcoming 2019 midterm election, has suddenly turned TRAIN into a political hot potato

Duterte: Congress to decide on TRAIN law suspension

Jun 03, 2018 - 2:04 AM

'There's no value in giving so much importance of what I want because, kung sabihin ko naman na, huwag, it would be needed for the 'Build Build Build,' at kung sabihin nila, talagang palitan natin, wala naman akong magawa,' says President Rodrigo Duterte

HIGHER PRICES. Higher price increases are noted for rice, corn, fish, fruits, and vegetables in March 2018. File photo by Jay Directo/AFP

[OPINION] Higher inflation: Is TRAIN to blame? (Part 1)

Jun 02, 2018 - 10:33 PM

In these tough times, government officials must be wary of populist policies that could make matters worse. They should also avoid making callous remarks that tend to belittle the poor and add insult to their economic injury.

Businesses warn ill effects of TRAIN Law package 2

May 30, 2018 - 5:58 PM

The Philippine Association of Multinational Companies Regional Headquarters Inc. warns legislators that the removal of tax incentives may scare away foreign investors

Senators urge gov't to suspend excise taxes on fuel

May 25, 2018 - 4:34 PM

'Nalulunod na ang mga Pilipino sa taas ng presyo. Aantayin pa ba nila ang 2019? Hindi pa ba aaksyon ang pamahalaan?' asks Senator Paolo Benigno 'Bam' Aquino IV

Calida defends tax reform: Poor 'shielded' by gov't cash handouts

May 01, 2018 - 5:21 PM

Bayan Muna Representative Carlos Zarate says Solicitor General Jose Calida's argument is 'deceptive and misleading'

FUEL TAX. Solicitor General Jose Calida says higher taxes on fuel only has a 0.1% maximum effect on transporation rates. File photo by Ben Nabong/Rappler

Dissecting TRAIN’s impact on our incomes

Apr 06, 2018 - 3:31 PM

In the mad rush to get the tax reform law going, government may have inadvertently trampled on and railroaded the poor

VIRAL: With tax reform, Philippines has 'new rules' like Dua Lipa

Mar 14, 2018 - 3:20 PM

Ateneo de Zamboanga University students make a parody video inspired by Dua Lipa's hit song, featuring lyrics about the tax reform law

Senate committee to probe new threat vs BPO sector

Mar 11, 2018 - 3:07 PM

This comes after a Malacañang veto effectively raised the cost of doing business in the Philippines, says Senator Paolo Benigno Aquino IV

TRAIN EFFECTS. The Senate Committee on Science and Technology is set to probe tax reform effects on the Philippine BPO sector. File photo by AFP

[OPINION] Triple whammy: Why are prices rising so fast?

Feb 07, 2018 - 6:05 PM

We haven’t yet seen the full effects of TRAIN’s new taxes. Instead, what we saw in January was likely a combination of profiteering, higher world oil prices, and the peso’s depreciation

Tax calculator: Compute your new income tax

Feb 02, 2018 - 9:00 AM

Here's a step-by-step guide to compute for your new income tax under the tax reform law

INCREASE. Majority of taxpayers can expect higher take-home pay starting in January 2018.

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

'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

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.

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

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

EXPLAINER: What's inside the bicam-approved tax reform bill?

Dec 13, 2017 - 9:40 PM

(UPDATED) About P130 billion in proceeds is expected from the first package of the Tax Reform for Acceleration and Inclusion bill, which the Senate and the House of Representatives are set to ratify

TAX REFORM. An overhaul of the tax system was among President Rodrigo Duterte's key promises. Graphic by Alejandro Edoria/Rappler

Higher take-home pay but pricier cars, fuel, tobacco by 2018

Dec 11, 2017 - 10:05 PM

The Senate and the House of Representatives are set to ratify their reconciled version on Tuesday, December 12, before sending it to President Rodrigo Duterte for signing into law

Mining stocks fall as Senate approves nearly 3,000% coal tax hike

Nov 28, 2017 - 8:45 PM

Isidro Consunji, chairman of Semirara Mining and Power Corporation, says it would be 'discriminatory' if coal is singled out

Senate approves tax reform bill on final reading

Nov 28, 2017 - 6:31 PM

Senate Minority Leader Franklin Drilon expects a difficult time in the bicameral conference committee due to polarizing provisions in the Senate and House versions

From P10 to P300: Senate OKs nearly 3,000% increase in coal tax

Nov 27, 2017 - 10:00 PM

From the current tax of P10 per metric ton of coal, the Senate seeks to implement gradual increases over a 3-year period, ultimately reaching P300

Clinker and ash from coal are seen in seabeds in Lucanin, Mariveles, Bataan. Photo by Ayeen Karunungan/ Rappler

After heated debate, senators approve 10% tax on cosmetic surgeries

Nov 27, 2017 - 7:50 PM

'I cannot accept this, that we will not impose tax, especially when we read about some extravagant wedding abroad,' says Senate Minority Leader Franklin Drilon during the debate, apparently referring to the lavish wedding of Vicki Belo and Hayden Kho

File Photo by Senate PRIB

Senate wants no VAT for P15,000 and below housing rent

Nov 27, 2017 - 2:50 PM

This is in contrast to the version of the House of Representatives, which scrapped the P10,000 VAT exemption for housing rent

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

Ilocos Norte’s tobacco funds go to Imee Marcos' pet projects

May 17, 2017 - 11:08 AM

Representative Rodolfo Fariñas leads a House probe of Ferdinand Marcos daughter Their families were longtime allies until they split in 2015

TOBACCO FUND MISUSE? Ilocos Norte Representative Rodolfo Farinas leads a probe on alleged tobacco funds misuse in his own province. Rappler photo

DTI backs proposal to raise car taxes

Mar 13, 2017 - 8:15 PM

Trade Secretary Ramon Lopez says the luxury car segment will not die if the proposal to impose higher excise tax on new vehicles is approved

Tax reform may determine peso's long-term fate – expert

Feb 22, 2017 - 8:00 PM

A risk consultant says tax reform is urgently needed to generate revenue for increased spending while the country waits for major infrastructure projects

Higher fuel excise tax means more funds for social services – lawmaker

Jan 24, 2017 - 7:05 PM

The tax reform proposal also aims to reduce poverty incidence from 21 6 to 14 by 2022

BETTER SERVICES. The increased revenue expected fromt he proposed excise tax on fuel will be used to fund social services. Photo by Noel Celis/AFP

DOF eyeing tax exemption for annual income below P250,000

Jan 19, 2017 - 6:00 PM

Marikina 2nd District Representative Miro Quimbo says this proposal is already a great victory for tax reform advocates

TAX REFORM. The Department of Finance eyes to grant tax exemption to individuals earning P250,000 and below.

#AskTheTaxWhiz: Top 10 common violations of startups

Nov 13, 2016 - 11:20 PM

The Tax Whiz sums up the most common violations of startups and the corresponding penalties

DOF eyes higher VAT exemption threshold as 'safety net for the poor'

Oct 26, 2016 - 9:40 PM

The Department of Finance also defends measures criticized as anti poor – the proposed higher fuel excise tax and the planned removal of certain VAT exemptions

Tax reform, infra push may boost PH credit rating – Moody's

Oct 19, 2016 - 8:00 AM

UPDATED The credit rating agency however warns that President Rodrigo Duterte s rhetoric towards critics has the potential to strain long standing security and trade relations

House panel wants tax reform bill passed mid-2017

Oct 17, 2016 - 3:15 PM

The House committee on ways and means meets with the Department of Finance to discuss possible changes to the anti poor measures under the proposed tax reform package

TAX REFORM. House committee on ways and means chairperson Dakila Cua leads the panel tackling the DOF's proposed tax reform package. Photo by Rappler

Removal of seniors' VAT exemptions 'counter-productive' – lawmakers

Sep 27, 2016 - 2:40 PM

In our culture we respect senior citizens So why would we remove the exemption granted to them? asks veteran politician and Northern Samar 1st District Representative Raul Daza

NO TO VAT REMOVAL. Northern Samar 1st District Representative Raul Daza (1st from left) and Albay 1st District Representative Edcel Lagman (2nd from right) both oppose the removal of VAT exemptions on senior citizens. Photo by Mara Cepeda/Rappler