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Best rides for 2019

Year 2019 is poised to be an exciting year for the local automotive industry. Better market conditions are expected as consumers get used to...

DoE monitoring oil firms’ compliance with excise tax implementation

THE Department of Energy (DoE) is monitoring oil firms to ensure the second round of excise taxes for petroleum slated for 2019 will only be imposed on new inventory.

This year’s most coveted cars

It has been a challenging year for the Philippine economy. Rising prices of goods, a weakening peso, alongside the newly implemented tax reform have...

Meralco seeks rate hike amid higher excise tax on coal

Manila Electric Co. (Meralco) is asking the Energy Regulatory Commission (ERC) for provisional authority to adjust the price of electricity in its power supply...

Second round of sin tax hikes seen to generate P61.3-B revenue...

THE DEPARTMENT of Finance (DoF) said the government may get an additional P61.3 billion revenues in the second round of sin tax hikes proposed...

Senator files bill aimed at automatically suspending fuel tax when inflation...

Senator Paolo Benigno A. Aquino IV on Thursday, May 10, filed a bill amending Republic Act No. 10963 or the Tax Reform for Acceleration...

BIR collects P6 billion from excise tax on sugary drinks

THE BUREAU of Internal Revenue (BIR) collected about P6 billion from the new sugary drinks tax in the first quarter. "Sa (for) sugar-sweetened (beverages), P6 billion...

Excise tax take surges, beats target on increased rates

EXCISE TAX collections surged by nearly three-fourths in the first two months of the year, driven by bigger taxes on cars, tobacco, alcohol and...

Excise tax collections exceed January-February goal

EXCISE TAX collections rose 74.23% in the first two months of the year driven by "sin taxes" after higher levies were imposed this year,...

Excise tax collections surge 82% in January

Excise tax collections surged in January to hit nearly double from a year ago as the new tax law kicked in, boosted by new...

Coca-Cola PH lays off workers amid restructuring

Coca-Cola FEMSA Philippines Inc. relieved an undisclosed number of workers amid an "organizational restructuring". In a statement on Tuesday, the soft drinks manufacturer said this...

In a new, challenging drive

The automotive industry last year had an aggressive growth, particularly in its last quarter, as consumers went into panic buying due to the anticipated...

Standout cars of 2017

Like the previous years, 2017 was a good year for the automobile industry with a recorded 18. 4% increase in sales, according to a...

Funding mass transport projects sought in tax reform measure

SENATOR Grace Poe in a statement on Friday, Nov. 10, proposed that revenues from petroleum excise taxes in the first tranche of the Duterte...

Senate to retain ‘50%-70%’ of DoF tax package

THE SENATE is planning floor deliberations on Sept. 20 on new revenue measures that will partly compensate for dilutions of the original tax reform program proposed...