THE Philippine Competition Commission has sought the Department of Trade and Industry’s (DTI) coordination in gathering information as part of the anti-trust body’s regular review of the competition environment among various sectors.

THE Department of Trade and Industry (DTI) said it is considering a tariff protection or quantitative restriction on sugar shipments, as part of a broader plan to relax the current sugar import process.

THE House of Representatives on Monday approved on third and final reading the bill institutionalizing the grant of the 20% student fare discount in public transportation.

THE House Ways and Means Committee on Monday approved the measure granting additional privileges to persons with disability by increasing incentives to their employers.

THE Senate on Monday approved on third and final reading the bill seeking to institutionalize the government’s anti-poverty Pantawid Pamilyang Pilipino Program (4Ps).

The comprehensive tax reform program (CTRP) was envisioned to redesign the Philippine tax system to be simpler, fairer and more efficient. Aligned with the said objectives, the first package of the CTRP or the Tax Reform for Acceleration and Inclusion (TRAIN) Law brought many changes on the overall tax compliance procedures. Some of these changes are the streamlined filing of tax returns, adjustments to tax payment deadlines, and revision of tax rates, the implementation of which requires the Bureau of Internal Revenue (BIR) to update its system and issue revised tax returns.

THE COURT of Tax Appeals (CTA), citing violation of due process, cancelled the P127.56 million in tax deficiencies in 2009 as claimed by the Bureau of Internal Revenue (BIR) in its assessment of Manila Medical Services, Inc. (Manila Doctors Hospital).

The Department of Trade and Industry has put on hold the implementation of a rule banning the importation of engines and used motor vehicles that are not compliant with the Euro 4 emissions standard.

THE Bicameral Conference Committee tasked to reconcile the disagreeing provisions of the proposed Innovative Startup bill targets ratification by Wednesday, Feb. 6.

THE House panel in the bicameral conference committee on the national budget has “demand(ed)” that the Department of Budget and Management (DBM) submit a report on the remaining balance of the 2018 national budget.

THE bill modernizing the 107-year-old Warehouse Receipts Law has been sponsored to the plenary by the Senate committee on trade, commerce, and entrepreneurship.

A BILL establishing a pension and social security benefit scheme for agricultural workers has been filed at the House of Representatives.