What’s next for taxpayers?
By Olivier D. Aznar
If we ask taxpayers what they think about what’s next for them, we could certainly get varying responses. One would answer, “Tax deadlines, of course!” Another would say, “Tax assessments and maybe, tax reform?” One might even say, “I would rather not think about it right now; don’t spoil my December!”
BoC asserts right to acquire cargo undervalued by 30% or more
THE Bureau of Customs (BoC) has issued an order asserting its authority to acquire imported goods whose value is underdeclared by at least 30%.
Nickel ore output seen at 40-50 million MT in 2020
THE Philippine nickel industry expects expanded production next year to fill the gap left by Indonesia’s nickel ore export ban to between 40 and 50 million wet metric tons (WMT) of ore, possibly accompanied by higher prices due to supply concerns.
PPA completes upgrade of Davao del Sur seaport
DAVAO CITY -- The P550-million Malalag Port Development Project in Davao del Sur has been completed, upgrading the cargo facility for the south of the Davao Region, the Philippine Ports Authority (PPA) said over the weekend.
Japan loan worth P2 billion expected soon for bridge upgrades
A P2-billion loan from Japan is set to be signed “in the coming months” to fund earthquake resilience improvements for key bridges in Metro Manila, the Department of Finance said.
GSIS hoping for full insurance cover for public schools
THE government pension fund said it hopes to finally reinsure public school buildings against calamities when it auctions off the reinsurance contract for the National Indemnity Insurance Fund on Wednesday.
CTA denies Duty Free appeal of tax refund ruling
THE Court of Tax Appeals (CTA) denied for lack of merit the appeal of Duty Free Philippines Corp. of an earlier ruling dismissing its P142.9-million tax refund claim.
DoLE commits to managing transition to greater automation
THE Department of Labor and Employment (DoLE) said it will work to help industries better manage the transition to increased automation, including “social dialogue” which could help mitigate employment disruptions accompanying the so-called fourth industrial revolution (4IR).
Act fast before the FAST Act interferes with US Passports
By Jocelyn M. Magaway
This article applies to US citizens, US nationals and their employers, the latter to ensure US Federal tax compliance. “Seriously Delinquent” tax debts can cause suspension, denial, or nonrenewal of US Passports.
Flaship projects seen slowed by ODA delays, skilled-worker shortages
THE government is likely to struggle to complete most of the infrastructure projects on its flagship list before President Rodrigo R. Duterte steps down in 2022, largely due to slow implementation of foreign-aided loans and unresolved bottlenecks, the Economist Intelligence Unit (EIU) said.
GDP growth could top 6.5% in fourth quarter — UA&P/FMIC
ECONOMISTS expect gross domestic product (GDP) to grow by at least 6.5% in the fourth quarter, driven by increased public spending as well as robust consumption, according to the Market Call issued by the University of Asia and the Pacific (UA&P) and the First Metro Investment Corp. (FMIC).
Factory output registers 11th straight decline in Oct.
MANUFACTURING output declined once more in October, extending its streak to eleven months, the government said Thursday.




