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With roughly a month to go before the end of the rgistration for the 2022 polls, Senator Win Gatchalian pushes anew for the tax exemption of teachers’ election honoraria. In 2019, Gatchalian filed Senate Bill No.1193, which seeks to seeks to exclude from gross income and exempt from taxation the honoraria, travel allowance, and other […]
The House of Representatives overwhelmingly approved on third and final reading a bill that would define the tax rates for proprietary schools to allow them to avail of the 10-percent preferential rate on taxable income. With 202 affirmative votes, the chamber passed House Bill No. 9913, which seeks to clarify that the preferential tax rate […]
The House of Representatives will prioritize the passage of measures aimed at boosting the country’s economic recovery from the impact of the coronavirus disease 2019 (COVID-19). Deputy Speaker Mikee Romero said their focus is on passing the rest of the Comprehensive Tax Reform Program as the third regular session of the 18th Congress formally opened […]
A measure seeking to clarify the latest Bureau of Internal Revenue (BIR) regulation imposing 25 percent corporate income tax on private schools has been filed at the House of Representatives. Deputy Speaker Rufus Rodriguez filed House Bill 9577, which seeks to correct an erroneous interpretation of the tax imposed on proprietary educational institutions under the […]
A House of Representatives panel has approved a measure exempting election workers such as members of the Board of Election Inspectors (BEIs) from having their honoraria or allowances subjected to income and other withholding taxes. During a virtual hearing, the House Ways and Means Committee approved an unnumbered substitute bill that would provide income tax […]
The revenues raised by Philippine Offshore Gaming Operations (POGO) will not offset the harm caused by this industry.This was emphasized by Deputy Speaker and Manila 6th District Rep. Benny Abante, Jr., who explained his negative vote on House Bill No. (HB) 5777, a measure that would tax persons engaged in POGO. “We are not thinking […]
Senator Joel Villanueva lauded Congress’ ratification of the proposed Corporate Recovery and Tax Incentives for Enterprises (CREATE) law that would now cover training incentives to cushion the impact of automation in employed and upskill workers. At the same time, Villanueva challenged the Department of Finance (DoF) and the Foreign Investment Review Board (FIRB) to fulfill […]
Quezon City Rep. Precious Castelo is urging the Bureau of Internal Revenue (BIR) to defer the enforcement of its memorandum circular requiring online sellers to register their business and pay income and other taxes. Her appeal is contained in Resolution No. 994, which she filed over the weekend. “Because of COVID-19, there was and there […]
Senator Win Gatchalian has prodded the government to extend fresh capital and other financial assistance to budding online entrepreneurs, instead of slapping them with untimely new taxes. Gatchalian said online sellers should be covered by the microfinancing program of the Small Business Corporation (SB Corp.), a government-owned and controlled corporation attached to the Department of […]
Senator Joel Villanueva has asked government agencies to provide the necessary interventions to improve the skills of online sellers by providing virtual trainings on essential and entrepreneurial skills to help their new ventures become successful enterprises. After the Bureau of Internal Revenue had eased requirements to encourage online sellers to register, Villanueva pointed out that […]