2016 Tax News Archive 1

Tax News Archives

August 2016:

• Simplifying tax exemptions for schools - Business World

• New tax to cover junk food, soft drinks - Philippine Daily Inquirer

• Recto to government: Save first before hiking taxes - Philippine Star

• Gov’t starts IPP review - Philippine Daily Inquirer

• Government to raise P566 B from new tax measures - Philippine Star

• BIR losses P700-M tax collection case - Manila Bulletin

• DOF unveils final draft of 4 tax reform packages - Manila Bulletin

• Treaty issues on permanent establishments - Philippine Star

• EDC urges removal of non-tariff measures to boost PH exports - Manila Bulletin

• Senior citizens’ losing VAT exemption a ‘compromise’ - Business World

• Look at the big pitcher - Philippine Daily Inquirer

• BIR examines tax audits - Philippine Star

• Finding P170 billion - Philippine Star

• DOF, tax experts submit reform proposals - Philippine Daily Inquirer

• BIR ordered to refund P57 million to McKinsey’s Philippine office - Business World

• Firms need to prove commitment to REIT - Manila Bulletin

• DOF sets up website to help in drafting of CMTA IRR - Manila Bulletin

• Settlement of estate tax - Philippine Daily Inquirer

• Beverage tax to hurt consumers – COL Financial - Philippine Star

• Simpler preferential tax rates to reel in more foreign investors -- TMAP - Business World

• DOF eyes taxes on casino winnings - Philippine Star

• Budget gap widens to P50.67 B in July - Philippine Star

• BIR audits return to haunt taxpayers - Business World

• New taxes on ‘fatty’ food, luxury goods eyed - Philippine Daily Inquirer

• Gov’t planning massive tax amnesty - Philippine Daily Inquirer

• DoE readies data on price impact of oil excise tax hike - Business World

• EO 79 ‘not needed’, now under review: MGB head - Business World

• Gaming stocks soar as Duterte backtracks on online gaming - Philippine Star

• Higher fuel tax will have minimal impact on inflation - Philippine Star

• Incentives pool needs revisiting, gov’t told - Philippine Daily Inquirer

• No inflationary impact seen from lower taxes - Business World

• Tax pact benefit claims simplified - Business World

• Taxes and traffic - Philippines Star

• Lower income tax rate seen passed by January 2017 - Philippine Daily Inquirer

• Incentives seen key to local ore processing - Business World

• Gov’t excise tax take from oil seen doubling - Philippine Daily Inquirer

• Senate to prioritize estate tax reform - Philippine Star

• Net P41-B gain seen from proposed tax reform - DOF - Philippine Star

• DOF eyes higher taxes on expensive vehicles - Philippine Daily Inquirer

• Coca-cola bottler says proposed S. African sugar tax may halve profit - Business World

• Gov't to lose P173 B annually with lower taxes - DOF - Philippine Star

• Finance chief confident of sustained economic growth - Philippine Star

• North Harbor handling tariff hike nixed - Manila Bulletin

• Higher excise fees eyed to offset lower income taxes - Manila Bulletin

• Tax increase for oil products looms - Inquirer

• Sweetend drinks face new tax - Business World

• Exemption of redemption gains under tax treaties - Business World

• Airlines agreeable on inclusion of terminal fees in tickets - Philippine Star

• Non - negotiable VAT exemption stays for seniors, PWD - Philippine Star

• No new fiscal incentives for investments - Pernia - Philippine Star

• Focus on taxing the rich - Philippine Star

• Duterte eyes easing bank secrecy law - Philippine Star

• BIR to auction off former IBC property in QC, other assets - Inquirer

• Duterte asked: Give LGUs the right tax share - Inquirer

• Gov't to keep deficit target - Inquirer

• Angara pushes for lower estate tax to aid grieving kin - Inquirer

• Flat tax rate eyed - Inquirer

• VAT tweaks to help offset income tax cut - Business World

• Britain launches soft drinks sugar tax to fight obesity - Business Standard

• Philex pays P10-B taxes - Philippine Star

• Vi wants overtime pay tax-free - Philippine Star

• New group opposes bid to hike port tariff - Philippine Star

• DOJ junks tax raps vs Philrem - Inquirer

• PHL's Q2 growth among Asia's fastest - Business World

• No due process in tax charge vs Philrem officials - justice dep't - Business World

• P35-M tax case vs Philrem junked - Philippine Star

• Towards an equitable tax system - Philippine Star

• 7 draw jail terms for tax credit scam - Philippine Daily Inquirer

• Nothing final yet on seniors' VAT - Philippine Star

• DOF eyes phased cut in income tax rates - Inquirer

• September deadline set for reporting tax perks - Business World

• North harbor bid to raise tariff bucked - Inquirer

• DOF wants to lower estate tax rate - Philippine Daily Inquirer

• Change is coming to the BIR - Philippine Star

• Implementing TIMTA - Business World

• Tax shame campaign backed by big business - Philippine Star

• Clinton releases 2015 tax returns to pressure Trump - Philippine Star

• Higher taxes for second hand cars, LRT-2 conversion to BRT eyes - Philippine Star

• Tax on lotto winnings eyed - Philippine Star

• PERA Law: The challenge continues - Business World

• Tax rate cut to 25% may be phased in over 3 years - Business World

• Expiration of Maynilad income tax holiday hurts DMCI earnings - Business World

• Taxpayers get relief on securing contested tax credit - Philippine Star

• Buttlegging - Business World

• Shaming tax evaders - Philippine Star

• Oil exploration firms appeal COA ruling on income tax payment - Philippine Star

• BOC creates group to address revenue collection goals - Philippine Star

• Rich tax cheats Rody's next name-and-shame targets - Inquirer

• Education and taxes - Philippine Star

• Next shame target: Top tax evaders - Philippine Star

• Tax Amnesty pitch: Bring it home to a new home - Reuters

• Scuttled high-end property deals, legal risks munt from Vancouver tax on foreign buyers - Financial Post

• BoC districts face daily review of collections - Business World

• Upholding the Constitutional exemptions on non-stock, non-profit schools - Business World

• Moody's exec cautions on tax cuts - Business World

• Key steps toward genuine tax reform in PH - Inquirer

• Sin tax collections up 2.22% to P13.36B in May - Philippine Star

• Gov't mining revenue further decline in May - Philippine Star

• Aristocrat franchise's bid to settle tax dispute junked - Business World

• PERA Law: The challenge continues (First of two parts) - Business World

• CTA grants P9.5-M tax refund to geothermal power supplier - Business World

• BIR, Customs start cutting red tape - Philippine Star

April 2016:

• BIR launches cigarette stamp verifier app - Philippine Star

• Deadline for excise tax payments lapses BIR ready to seize untaxed car imports - Philippine Star

• Bets agree on tax reform, but differ on policy - Philippine Star

• BIR to employees: Observe confidentiality of tax info - Philippine Star

• BIR probes employees for leaking sensitive data - Philippine Daily Inquirer

• Underperforming sectors take up bulk of tax perks — BOI study - Philippine Star

• Tax reform backed by sample of candidates for high office, TMAP says - Business World

• Give to Caesar what is due to Caesar - Business World

• 3 firms vie for BOC fuel marking program - Philippine Star

• Philip Morris pleads not guilty to Thai tax case - Business World

• Some things for taxpayers to consider before the elections - Business World

• Gov't pays P28 M for agencies' taxes - Philippine Star

• Easing the burden: Tax payments through credit/debit/prepaid cards - Philippine Star

• BIR sets auction of over P500 M forfeited assets - Philippine Star

• Henares to taxpayers: Your data is safe with us - Inquirer

• Claiming CWT credits - Business World

• IMF slates Phl revenue policy review - Philippines Star

• Business registration, tax targeted to raise WB ranking - Business World

• IMF, WB, UN, OECD form new group to stop tax evasion - Reuters

• DOF proposes tax reform bill to incoming gov't - Philippine Star

• BIR files P35.6 million tax evasion case against Philrem owners - Manila Bulletin

• Remittance firm at center of bank heist probe faces tax suit - Business World

• Lifting of bank secrecy law pushed - Inquirer

• Taxability of service fees received by non-resident foreign online advertising companies from Philippines - Business World

• SC stops collection of P3-B tax bond from Pacquiao couple - Inquirer

• Now, BIR discovers some accountants don't pay taxes - Inquirer

• Accountants declaring zero income tax due singled out by Finance Dep't - Business World

• Tax, smuggling cases languish in courts - Philippine Daily Inquirer

• Shell seeks COA, NBI probe on tax informer reward - Philippne Star

• BIR eases rules for waiving assessment period - Business World

• Tax Appeals court rejected Transco bid for P102-million local tax refund - Business World

• Favorable developments in deficiency and delinquency interest - Business World

• BIR examining tax records of parties in $81-M laundering case - Manila Bulletin

• No extension for income tax return filing - BIR - Business World

• Online payments cut lines on last day of ITR filing - Philippine Star

• G20 embraces crackdown on tax havens - Manila Bulletin

• Tax breaks sought for hybrid fuel cars - Inquirer

• Difficulties in tax compliance - Inquirer

• Gov't reviews tariff liberalization commitment to RCEP - Philippine Star

• Gov't seeks to collect P3T revenues in 2017 - Philippine Star

• Philrem runs into more trouble with taxes - Inquirer

• 1 of 10 lawyers in 4 major cities paid zero tax for 2014 - DOF - Inquirer

• Paying taxes made easy - Business World

• BIR full year target on peril - Philippine Star

• BIR: Philrem not paying correct taxes - Philippine Star

• The next President should reform the tax system - Business World

• US plan to curb tax inversions could hit foreign companies - Reuters

• BIR expands mobile payment platform - Philippine Star

• MSME seek exemption from CPA management - Philippine Star

• BIR Form No. 1606: Establishing the fact of witholding in CWT refund - Business World

• NG subsidies to gov't corporations hit P1.7 billion - Philippine Star

• BIR suspends anew order requiring taxpayers to report bank deposits - Manila Bulletin

• BIR clarifies tax perks of non-stock savings and loan associations - Philippine Star

• Why new US rules won't completely halt tax inversions - Wharton

• Pacquiao's former tax accountant arrested for tax fraud - Inquirer

• For presidential bets, no new taxes - Business World

• Commodity prices affect gov't tax revenues - Philippine Star

• Tax court affirms dismissal of Estrada's Jose Velarde tax case -Business World

• BIR files tax evasion raps vs Delfin Lee - Inquirer

• DOF extends deadline for clearance of auto importers - Business World

• LTO earns P7 B in transaction fees in 2015 - Philippine Star

• Customs bill expected to be signed into law by next week - Business World

• Passive income disclosure to remain optional on tax forms - Business World

• Interpretative and legislative rules: Drawing distinctions - Business World

• In a span of 5 years, gov't loses P9 B tax revenues to technical smuggling of pork - Philippine Star

• BIR: Panama Papers could prompt tax probe - Philippine Star

• Payment services for Customs fees now offered on 24/7 basis by seven banks - Business World

• Are you ready for the April 15 electronic ITR filing? - Business World

• Panama Papers' list of global tax avoiders - Philippine Star

• Singapore's GIC gets P217-M tax refund - Business World

• TMAP pushes tax reforms in next gov'ts agenda - Philippine Star

• Mining companies urging next President to prioritize revenue sharing bill, reforms - Business World

• Heart Center's plea for P36.5-million tax exemption dismissed - Business World

• Re-examining supplemental information requirement - Inquirer

• Equitable taxation - Philippine Star

• VAT exemption to benefit PWDs kin - Inquirer

March 2016:

• Tax reform proposals for the Philippines - Business World

• The non-transferability of donor's tax - Business World

• Noy gives PWDs VAT exemptions - Philippine Star

• Tax payment via credit, debit, prepaid cards OK'd - Business World

• Rethinking Tax: The shift to indirect taxes - Business World

• 'Sin' tax collections seen to rise this year - Inquirer

• Fast cars, faster taxes - Philippine Star

• DOF reports high tax stamp rule compliance - Inquirer

• Tax exemption for uniformed personnel as a token of appreciation - Inquirer

• BSP order banks to extend operating hours to accommodate taxpayers - Inquirer

• Tax expenditures drop to 10-year low - Philppine Star

• Paying taxes a perfect example of fullfilling Christian duty - BIR chief - Manila Bulletin

• 'Sin' tax take up 37.4% to P18.5B in first 2 months - Inquirer

• Couple nabbed for jewelry smuggling tax evasion - Philippine Star

• Sin tax collection exceeds Jan - Feb goal - Business World

• BIR vis-a-vis BEPS Action Plan 13 - Philippine Star

• Due process in assessment - Business World

• UK sugary drink tax could be sweet for food ingredient suppliers - Reuters

• BEPS Action 5: Countering harmful tax practice more effectively - Business World

• BIR updates Quezon City zonal values - Business World

• BIR issues new guidelines on campaign donations levy - Manila Bulletin

• Income tax reform may mean vat hike, excise - Business World

• Follow e-filing rules, BIR urges taxpayers - Philippine Star

• Bigger tax refund for Ayala - Business World

• DBM releases P10.7b sin tax share to LGUs - Philippine Star

• Local gov'ts struggle to collect share of oil, gas and mining taxes - Business World

• SC blamed for weak tax collection - Manila Bulletin

• Action plan 11: Measuring and Monitoring BEPS - Business World

• Tobacco towns await share in P10.69b tax - Manila Bulletin

• Semirara's molave mine gets ECC, tax incentives - Business World

• Register, file or prison - Business World

• Tobacco - producing areas to get P10.7B - Inquirer

• No banana recovery seen; industry counts on Japan tariff - Business World

• Power plants win diesel exemption as RA 10745 allowed to lapse into law - Business World

• Only 30% of Filipinos are registered taxpayers - BIR -Philippine Star

• BIR to verify campaign donations after polls - Philippine Star

• Can the BIR's 5-year plan make an impact? Business World

• BIR warns car importers on tax payments - Inquirer

• Decentralizing the issuance of tax payment certifications - Philippine Star

• BIR Consolidates document safekeeping for forfeited properties - Philippine Star

• PIDS bats for 35% tariff on rice imports - Philippine Star

• BIR to roll out high-tech TIN cards - Manila Bulletin

• The politics of tax reform - Business World

• India's new tax for bigger cars applicable to all fuel types - Reuters

• Period to assess amended returns - Business World

• Waive taxes in military personnel's provisional allowance, BIR urged - Manila Bulletin

• Socio-economic program donors offered tax perks - Inquirer

• Where to, sin taxes? - Phillipine Star

• BIR cool to DOF proposal to set up new unit to supervise the ultra rich - Philippine Star

• Shell seeks probe of excise tax cases' tip 'scam' - Inquirer

• BIR to examine large taxpayers - Philippine Star

• Government bidders: Are you in the clear yet? - Philippine Star

• Implementing the transfer pricing rules - Business World

• High net worth individuals eyed - Business World

• PCSO should still pay documentary stamp tax on STL, tax bureau says - Business World

• BEPS Action Plan 3: Designing effective controlled foreign company rules - Business World

• PCSO not yet cleared on stamp tax - Philippine Star

February 2016:

• PCSO not yet cleared on stamp tax - Philippine Star

• BIR tightening tax exemption rules for schools - Philippine Star

• DILG wants LGUs to give tax break to typhoon-hit businesses - Manila Bulletin

• Why wealthy people relocate - Tax and Security - Manila Bulletin

• Gov't sets Php2-trillion tax target - Manila Bulletin

• SC affirms P39-million tax refund for Shell - Business World

• DOF sets Php574-billion revenue goal in the first quarter - Manila Bulletin

• Lower income taxes for MSMEs pushed - Philippine Star

• Incoming government does not need to impose new taxes - Purisima - Philippine Star

• Bearing the burden of DST - Business World

• Zalora, Lazada unfazed by new BIR tax rules on e-commerce - Business World

• Kicking off 2016, the BIR way - Business World

• Settle tax dues, PCSO prods STL operators - Manila Bulletin

• Henares sets BIR agenda beyond P-Noy's term - Philippine Daily Inquirer

• Tax reform should not be an election issue, says BIR chief - Philippine Star

• CTA ruled lacking in jurisdiction in tax refund case - Business World

• BEPS Action 1 - Addressing the tax challenges of the digital economy - Business World

• Tax rules for online firms out soon - Business World

• BIR seeks to boost tax effort with 26 initiatives - Business World

• BIR starts IT upgrade for online transactions - Philippine Star

• BIR 2015 tax take seen to fall short of target - Philippine Daily Inquirer

• BIR launches tax awareness drive - Philippine Star

• BOC January tax take up but short of goal - Inquirer

• Bigger tax share for LGUs pushed - Inquirer

• TIMTA law: A leap towards fiscal accountability - Philippine Star

• Condo dwellers takes VAT issue to SC - Inquirer

• Real estate tax can't be raised by reclassification, tax court says - Manila Bulletin

• BIR chief among Global Top 50 tax leaders - Philippine Star

• Casinos top Paranaque taxpayers - Philippine Star

• Palace support needed to pass fiscal incentives rationalization bill - Manila Bulletin

• Celebrity doctor convicted for tax evasion - Business World

• Insurance premium taxes reach P1.3b - Philstar.com

• For sugar tax supporter, 2016 may be sweet spot - bworldonline.com

• Gov't urged to simplify tax compliance processes - mb.com.ph

• TMAP urges removal of term limit for refund, tax credit claims - Philstar.com

• BIR's next target: STL operators - Philstar.com

• BIR says tax evasion campaign now at 432 with four new cases - bworldonline.com

• Tax professionals push fiscal reforms - Philstar.com

• Tax reforms pushed beyond Aquino's term - bworldonline.com  

• Tax court orders Colgate to settle P39-M deficiency -Philstar.com

• BOI okays P92-billion incentives to mass housing projects in past 2 years - mb.com.ph

• PCSO cleared of tax liabilities, but… - mb.com.ph

• Congress refines meaning of raw sugar for VAT perk - bworldonline.com

• Vat exemption bill harmonized - bworldonline.com

• Treaties and treats - Philstar.com

• At P48B sin tax collections tops target - mb.com.ph

January 2016:

• Luxury car importer charged with tax evasion - bworldonline.com

• 2 MVP-led firms top corporate taxpayers in 2014 - Inquirer.net

• DTI seeks bilateral talks with Thailand over non-compliance of WTO cigar tax ruling - mb.com.ph

• Solons want road users' tax abolished - mb.com.ph

• Senate raises balikbayan tax-exempt value to P150,000 - mb.com.ph

• BIR reports 99% tax stamp rule compliance - Inquirer.net

• BIR 2016 goal: higher income tax collections - Philstar.com

• PEZA-registered firms and local business taxes - bworldonline.com

• Tax bureau sets targets to exceed P2 trillion in total collections this year - bworldonline.com

• BIR sets eyes on imported luxury goods - Philstar.com

• 'Sin' tax collection at record P124B - Philstar.com

• Tax breaks eyed for Miss Universe - Philstar.com

• Tax on lotto prizes, casino fees pushed - Inquirer.net

• Are we giving up on income tax cuts? - bworldonline.com

• BIR to launch mobile app for tax stamps - mb.com.ph

• House on income tax cut: We're not giving up - Philstar.com

• P-Noy Firm: No income tax cut - Philstar.com

<< September 2016 to October 2016