Group urges gov’t: Require jobs for corporate tax cuts
Simply lowering corporate income tax might prompt companies to just survive the COVID-19 pandemic, without any assurance that the tax cut would get them to either keep or hire more…
Thailand OKs whopping 90% reduction in land, building tax for 2020
The Nation/Asia News Network BANGKOK — Thailand’s Cabinet has approved a 90 percent reduction in land and building taxes for the year 2020 and a two-month postponement in the deadline…
BIR to automatically encash tax credits unutilized for a year
The Bureau of Internal Revenue (BIR) will automatically convert unused tax credit certificates (TCCs) into cash after a year to allow the government to better capture actual tax collections. Published…
Think tank backs road user’s tax hike to build, repair more roads
Higher motor vehicle user’s charge (MVUC), a proposal pending at the Senate, is needed to build and maintain more roads in the Philippines, according to the state-run think tank National…
BIR allows tax payments in banks until June 14
The Bureau of Internal Revenue (BIR) is allowing taxpayers to settle their dues outside their revenue district office (RDO) until June 14. To comply with the deadline for 2019 income…
New tax reform bill offers more ‘flexible incentives,’ says Salceda
MANILA, Philippines — There will be more flexible incentives in the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE) bill, which was previously called as the Corporate Income Tax…
‘New normal’: Businesses seen shifting to digital as gov’t scour ways to tax them
MANILA, Philippines — How would the “new normal” amid the COVID-19 pandemic look like as far as the economy is concerned? For the fiscal sector, it would mean the government…
Rural dev’t, COVID response efforts eyed for tax breaks
The Board of Investments (BOI) wants to give tax breaks to projects that will help in the COVID-19 response effort such as mass-production of face masks, but the proposal still…
It’s final: No more tax deadline extensions even under MECQ
It’s final: There would be no more tax deadline extensions despite the ongoing modified enhanced community quarantine (MECQ) in Metro Manila and other parts of the country, according to the…
DOF looks at digital services tax to capture unpaid VAT
Proposals to tax digital services to plug leaks in unpaid 12 percent VAT by some online businesses has caught the attention of the Department of Finance (DOF) which is now…