Premiums on health care are taxable, now what?
By Floredee T. Odulio
Following the issuance of RMC 50-2018, the Bureau of Internal Revenue (BIR) clarified that premiums on health care paid by an employer for all employees, whether holding rank and file or managerial/supervisory positions, under a group insurance plan shall be included as part of other benefits of these employees subject to the P90,000 exemption threshold.
DA encourages grain retailers to import rice
AGRICULTURE Secretary Emmanuel F. Piñol said Tuesday that grain retailers should start participating in the import market to make sales of the grain more direct, bringing down prices.
TRABAHO Bill could cut apparel work force by 40%
APPAREL exporters said layoffs in the industry could amount to 40% of the work force if investment incentives are rationalized under the Tax Reform for Attracting Better and Higher-Quality Opportunities (TRABAHO) bill.
House studying 6 bills upgrading BPO safeguards
SIX PROPOSED MEASURES seeking to upgrade working conditions in the Business Process Outsourcing (BPO) industry are being considered by the House Committee on Labor and Employment.
Investment industry backs ASEAN deals on freedom of movement
SECURITIES professionals welcomed the freer entry of investment professionals from major ASEAN markets, calling a recently-agreed arrangement a step forward in developing investor expertise.
Manila Water unit wins approval to start building San Fabian project
A UNIT of Manila Water Co., Inc. has received approval to proceed with the construction of a water supply system in San Fabian, Pangasinan after it was granted the franchise by the municipality, the listed company said on Tuesday.
DTI imposes price caps on Christmas feast groceries
THE Department of Trade and Industry has released suggested retail prices (SRP) for items likely to be consumed for the traditional Christmas meal, including ham, cheese, canned fruit, pasta and sauces.
Customs bureau launches rules for new import appraisal system
THE BUREAU of Customs (BoC) on Tuesday released the guidelines for the nationwide implementation of its web-based, no-contact goods assessment system.
NEA lending to power cooperatives exceeds 2018 targets after nine months
THE National Electrification Administration (NEA) has released loans to electric cooperatives amounting to P1.8 billion, exceeding its target for the year ahead of schedule, the agency said on Tuesday.
Bill regulating data retention by telcos hurdles House panel
A BILL amending the anti-wiretapping act to regulate telcos’ data retention practices has passed out of committee and is awaiting plenary action at the House of Representatives.
Fuel excise freeze expected to bring down food prices
THE suspension of excise tax hikes on fuel for 2019 will have a marked impact on food prices, particularly fish, because of the sector’s sensitivity to fuel prices, Agriculture Secretary Emmanuel F. Piñol told reporters.
Clark airport expansion hits 25% completion
THE BASES Conversion Development Authority (BCDA) said the Clark International Airport expansion project has reached 25% completion.