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Camarines Sur (CamSur) Reps. Migz Villafuerte and Luigi Villafuerte are upbeat about the timely approval of a measure imposing a tax on polluting single-use plastics, now that it has been identified by both the Congress and Malacañan Palace as one of the possible revenue measures intended to compensate for P66 billion in annual earnings that […]
The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 72-2026, clarifying the tax treatment of nominee transfers of proprietary club shares that do not involve any change in beneficial ownership while removing the requirement for qualified transactions to secure a prior confirmatory ruling. BIR Commissioner Charlito Martin Mendoza said the issuance […]
The Department of Health (DOH), seeking to address the ills of alcohol consumption in the Philippines, joined the Sin Tax Coalition in a forum dubbed as “Alcohol Tax: Itaas” in support of higher alcohol taxes in Quezon City. The forum fielded public health advocates and members of the media to raise awareness on the risks […]
AnaKalusugan Party-list Rep. Ray T. Reyes believes the revenue from additional taxes on junk food and sweetened beverages next year should be used to increase funding for the Universal Health Care (UHC) program. “It is regrettable that while our budget and spending for health in the past years have risen, the expenditure program for the UHC […]
Senator Chiz Escudero maintained that improving the collection efficiency of the government as well as fighting graft and corruption should be its top priority over plans to raise taxes so as not to put additional burdens in the lives of the already “overtaxed” Filipinos amid soaring prices of basic and prime commodities. Guesting on GMA-7’s […]
“Great minds really think alike. This admin push is also a bill we filed last March 7, 2023 as House Bill No. 7485.” Such was the observation of Anakalusugan Partylist Representative Ray Reyes on the latest push by the Department of Finance to pursue the increase of tax levied on junk food and sweetened beverages […]
The House Committee on Information and Communications Technology chaired by Navotas City Representative Toby Tiangco approved with amendments the substitute bill on House bills and resolutions seeking to establish a “No Call, No Text Registration System.” Tiangco explained that the proposed legislation would protect mobile phone subscribers from unwanted calls and texts and “encourage the adoption by […]
Senator Chiz Escudero said the current administration should uphold its “no tax exemption” policy as he questioned the perks to be accorded to the proposed Maharlika Investment Corporation (MIC), which will manage the Maharlika Investment Fund (MIF). Escudero expressed concern on the many privileges that the MIC will get supposedly to attract investors and augment […]
“It is time for the government to update its sugar-sweetened beverage tax regime to further curb diabetes risk among Filipinos. Although sugar consumption in general has tempered down since the implementation of sweetened beverage tax in 2018, cases of Type 2 diabetes continue to rise.” This ANAKALUSUGAN Party-list Representative Ray Florence Reyes aired as he […]
Senator Win Gatchalian vowed to pursue the enactment of his bill that will grant tax exemption on the honoraria, travel allowance, and other benefits of poll workers, including teachers, officials, and personnel of the Department of Education (DepEd). The election honoraria and allowances of poll workers, including public school teachers, have never been subjected to […]