taxes in the Philippines - updates

Rappler's latest stories on taxes in the Philippines

ARTICLE FINDER

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

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

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

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

#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

#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

#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.

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

#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

#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

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

#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

#AskTheTaxWhiz: I missed the ITR filing deadline! What do I do next?

Apr 17, 2019 - 5:10 PM

The Philippine Tax Whiz discusses what to do next if you missed the April 15 deadline for filing income tax returns

BIR's April 15 deadline stays, no extension for taxpayers

Apr 14, 2019 - 10:10 PM

The deadline for filing income tax returns is Monday, April 15. Those who will not be able to pay on Monday will face penalties.

#AskTheTaxWhiz: Taking on the #April15Challenge

Apr 12, 2019 - 7:10 PM

The Philippine Tax Whiz tells taxpayers what they need to know about filing income tax returns, which are due on Monday, April 15

#AskTheTaxWhiz: How do I file my returns and pay my taxes?

Apr 10, 2019 - 7:00 PM

The Philippine Tax Whiz discusses the different methods for filing returns and paying taxes

#AskTheTaxWhiz: Income tax return filing for corporations

Apr 03, 2019 - 6:55 PM

The Philippine Tax Whiz discusses the new forms for corporations and when they should file their income tax returns

#AskTheTaxWhiz: Should I use BIR Form No. 1701 or 1701A?

Mar 27, 2019 - 4:15 PM

The Philippine Tax Whiz discusses when to use the new BIR Form Nos. 1701 and 1701A

#AskTheTaxWhiz: Income tax return for employees

Mar 20, 2019 - 4:50 PM

Who are qualified for substituted filing? Find out from the Philippine Tax Whiz!

#AskTheTaxWhiz: Can I start a business without official receipts?

Mar 13, 2019 - 1:00 PM

The Philippine Tax Whiz discusses a way to start businesses without official receipts

#AskTheTaxWhiz: Tax amnesty on delinquencies

Mar 06, 2019 - 7:40 PM

The Philippine Tax Whiz breaks down the tax amnesty on delinquencies

#AskTheTaxWhiz: All about estate tax amnesty

Feb 28, 2019 - 2:30 PM

The Philippine Tax Whiz discusses the provisions of the recently passed estate tax amnesty

Senatorial bets hit TRAIN law, fuel excise tax

Feb 25, 2019 - 11:17 AM

As fuel serves as a key component in production of goods, a number of senatorial candidates called for a repeal in the fuel excise tax law

A gasoline attendant fills up a passengers jeepney with fuel at a gas station in Commonwealth Ave in Quezon City on Sunday, November 4, 2018. Oil firms earlier in the day hike prices of diesel by P1.00 per liter and gasoline by P1.10 per liter. Photo by Darren Langit/Rappler

New tax amnesty law has no spirit, says expert

Feb 20, 2019 - 2:35 PM

For tax expert Mon Abrea, President Rodrigo Duterte should have thrown out the tax amnesty law completely, as it is now unable to execute its main goals

Duterte vetoes 'overgenerous' general tax amnesty

Feb 18, 2019 - 5:10 PM

President Rodrigo Duterte vetoes the general tax amnesty provision of Republic Act No. 11213, which would have provided relief to people who failed to pay correct taxes

#AskTheTaxWhiz: Filing ITRs for individuals

Feb 15, 2019 - 3:15 PM

The Philippine Tax Whiz discusses the new Bureau of Internal Revenue form for individuals' income tax returns