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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 […]
Quezon City Mayor Joy Belmonte has asked the City Council to extend the payment of business, real property and transfer taxes amid the threat of coronavirus disease 2019 (Covid-2019) in the city. “We have requested the City Council to enact a resolution or ordinance extending the payment of taxes. This way, local residents have more […]
Iligan City Lone District Representative Frederick Siao said he is eyeing to propose a measure that would impose taxes on Philippine Offshore Gaming Operations (POGOs) to fund the P10,000 pay hike for public school teachers per month.Siao, chairperson of the House civil service and professional regulation committee, noted that public school teachers have been “unrelenting” […]
The Senate has ratified the bicameral conference committee report on the measure that will tax electronic cigarettes and raise excise taxes on alcohol, which is expected to give the government an additional P24.9 billion in revenues. The bicameral conference committee earlier reconciled Senate Bill No. 1074 and House Bill No. House Bill No. 1026. Distilled spirits, fermented […]
The bicameral (bicam) conference committee approved the proposed measure seeking to increase taxes on alcoholic drinks, heated tobacco products, and vapor cigarettes. In an interview after the bicam meeting, Senator Pia Cayetano and Albay Rep. Joey Salceda said the reconciled version of Senate Bill No. 1074 and House Bill No. 1026 is expected to give […]
Four lawmakers have called for a congressional inquiry into the operations of the Philippine Offshore Gaming Operators (POGO) industry in light of allegations that the booming business has led to the influx of unregistered foreign workers and government revenue losses as a result of non-payment of income taxes relative to the industry. House Resolution No. […]
While analysts hedge their bets in the growing offshore gaming operations sector, it is actually less beneficial to the domestic economy, according to Senator Joel Villanueva. The industry, formally known as Philippine offshore gaming operations (POGO), is causing a lot of stress in the real estate market to the detriment of Filipino businesses and workers […]
Senator Sonny Angara urged accountants and auditors to increase their contribution to economic growth by promoting financial transparency and helping the government collect the right taxes. Speaking at the Philippine Institute of Certified Public Accountants (PICPA) Metro Manila Region Tax Conference 2019 held in Mandaluyong City, Angara said that certified public accountants (CPAs) have an […]