Finance dep’t looking for sweet spot between tourism, higher take from airport terminal and...
THE Finance department is studying proposals to restructure airport fees in order to raise revenue collection while also helping encourage tourism.
Finance Secretary Carlos G....
Gov’t bonuses due for release in mid-November
THE GOVERNMENT will begin to release the year-end bonus of its employees as well as their cash gifts next week, the Budget chief said.
“Starting...
BIR beats Q1 collection target by nearly 17%
THE Bureau of Internal Revenue (BIR) said it collected P422.59 billion in the first quarter, exceeding its P361.77-billion target by 16.81%.
“Minus the goal from...
Global guide for fighting tax crimes
Glacy S. Tabirara
One of the key indicators of how progressive a tax system is in any jurisdiction is its ability to address and prosecute tax crimes....
Consumer group calls for price transparency during power alerts
A CONSUMER group has called on the electricity spot market to ensure transparency of prices in order to avoid collusion among power generation companies during times when the grid system operator declares “yellow” or “red” alerts.
House official says Duterte being set up to fail by senators in budget impasse
HOUSE Majority Leader Fredenil H. Castro of the 2nd district of Capiz, said the budget actions of Senate President Vicente C. Sotto III and Senator Panfilo M. Lacson represent “maneuvering” to cause President Rodrigo R. Duterte to fail.
Tax amnesties seen improving BIR data on delinquencies, land holdings
THE other goals of the government’s tax amnesty program include generating more information on delinquencies for the Bureau of Internal Revenue (BIR), a senior tax advisor said.
DoF says rice still effectively protected, hampering downstream sectors
THE finance department said rice effectively continues to enjoy tariff protections, forcing industries that are downstream from rice, such as those that depend on it for feed, to be more efficient to compensate for increased costs.
Meat industry seeks DA help in lifting LGU bans
MEAT processors said the Department of Agriculture (DA) should discuss more comprehensively the causes of African Swine Fever (ASF) to increase the public’s understanding of how the disease spreads, as a counter to local government units seeking to ban the entry of their products.
BI reminds registered foreigners of personal appearance requirement by end-February
THE Bureau of Immigration (BI)has instructed foreigners registered with the bureau to report in person to the nearest immigration office by the end of February, as required by law.
DA seeks extra P1 billion for food supply efforts
AGRICULTURE Secretary William D. Dar has requested a supplemental budget of at least P1 billion to support his department’s food resiliency and price control activities during the COVID-19 pandemic.
Farmers, fishers to receive aid as gov’t extends lockdown
AGRICULTURE Secretary William D. Dar said qualified farmers and fishers will also receive social amelioration from the government amid the extension of the enhanced community quarantine.