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House Speaker Martin Romualdez welcomed the signing of the Maharlika Investment Fund (MIF) Act, saying the MIF is intended to be an additional vehicle for financing big-ticket infrastructure projects without incurring more foreign debt or having to impose new taxes on our citizens.Romualdez, one of the principal authors of the House version of the MIF, […]
AnaKalusugan Party-list Representative Ray T. Reyes believes increasing taxes on e-cigarettes will help raise funds for Universal Health Care and dissuade the youth from vaping. Reyes also expressed his concern over the increasing number of teenagers in the country that are using vape. Republic Act 11900 or the Vape Law passed in July 2022 lowered […]
Senator Raffy Tulfo deplored the Bureau of Internal Revenue’s (BIR) “anti-poor” plan to impose taxes on junk food and other food items next year. Tulfo stressed that the sector of the poorest of the poor heavily rely on these affordable food items, which they consider as necessity instead of luxury, to survive. In fact, the […]
Senate Bill No. 2219 (SBN 2219), extending the period of Availment of Estate Tax Amnesty, has been approved on third reading in the Senate. “Narinig po natin ang panawagan ng ating mga taxpayers, at ito na po ang ating sagot sa kanila,” said Senate President Migz Zubiri, who co-authored and co-sponsored the bill, alongside the […]
The City Government of Bacolod is proud to announce its partnership with G-Xchange, Inc. (GXI), a leading corporation in the Philippines specializing in remittance services and mobile payment solutions. This collaboration signifies Bacolod City Government’s commitment to embracing digitalization and leveraging technology to enhance government services. Under the implementing agreement signed recently, GXI will provide Bills […]
AGRI Party-list Rep. Wilbert T. Lee lauded the passage of House Bill No. 7909, which aims to expand the coverage and extend the period of availment of the estate tax amnesty for two (2) years. The House of Representatives yesterday approved on 3rd reading HB 7909, which will provide taxpayers enough period to settle their […]
Senator Chiz Escudero warned the government against introducing new tax measures as they would burden people who have yet to recover from the pandemic. Escudero said the government should instead boost its fight against corruption, run after tax cheats, and cut unnecessary expenditures. “Taxation should be the last resort, not the first option. You reduce […]
Amid the proliferation of an estimated 700,000 to 1.7 million loose firearms in the country, a group of Camarines Sur legislators led by National Unity Party (NUP) president LRay Villafuerte has proposed a novel approach to reduce gun possession and promote responsible ownership by making these weapons more expensive for citizens who are not in […]
A party-list lawmaker said cutting down local and national taxes on production costs for both local and foreign films would bring ticket prices down and a “step in the right direction” to make more people go out to watch movies. BHW Rep. Angelica Natasha Co said watching movies and stage plays should be valued more […]
The incoming administration of Cagayan de Oro City said there will be no tax increase for the business sector which is still recovering from the COVID-19 pandemic. During a press conference, Cagayan de Oro Mayor-elect Rolando Uy asked the help of the city council to pass an ordinance supporting his plans that include providing incentives for […]