2017 Tax News - Archive 2

Tax News Archives

June 2017:

• MPI’s pre-tax earnings breach P1-billion mark - Business World

• The market with PDP 2017-2022 - Philippine Daily Inquirer

• Senate plans to soften impact of higher vehicle excise tax - Philippine Star

• 3 firms charged for tax evasion - Philippine Star

• Customs exceeds collection target in May - Philippine Star

• Customs exceeds May goal - Philippine Daily Inquirer

• What I discovered about TRAIN (1) - Philippine Daily Inquirer

• Tax reforms hit as antipoor - Philippine Daily Inquirer

• DOF to pitch reduced corporate income tax in next revenue package - Philippine Daily Inquirer

• ‘PacMom’ wins a round vs BIR in P1.4-M tax case - Philippine Daily Inquirer

• Tax reform to improve Phl fiscal stability — Fitch - Philippine Star

• Court junks P1.4-M tax case vs Mommy D - Philippine Star

• First tax reform tranche addresses PHL’s fiscal weakness -- Fitch - Business World

• Top PHL fund cuts cash as Duterte tax plan boosts stocks - Business World

• Income tax cut and the politics of envy - Business World

• Tax reform for individuals on the horizon - Business World

• DoF insists on original tax reform scheme as gov’t pushes infrastructure - Business World

• In tax reform, addressing ambiguities in social benefits - Business World

• The game changing tax reform facing the nation - Philippine Star

• Tax reform seen OKd in ’17 - Philippine Daily Inquirer

• First tax package seen generating P1.16T in net revenues in next 5 years - Philippine Daily Inquirer

• Reduced tax perks to stifle BPO growth - Philippine Daily Inquirer

• To lift or not to lift - Philippine Daily Inquirer

• A winning stake at income tax exemption - Philippine Star

• Tax reform OK seen boost to credit rating - Business World

• Fiscal uncertainty in the US, China credit growth pose risk to Asia -- IMF - Business World

• Are you ready for simplified bookkeeping and e-Invoicing? - Business World

• Stock index surges past 8,000 on investor optimism over tax reform package, RWM - Philippine Daily Inquirer

• Change in tax worries BPO clients - Philippine Daily Inquirer

• DTI chief backs beverage industry - Philippine Daily Inquirer

• Lopez to support food chamber position on excise tax - Philippine Star

• Local government share of national taxes to rise by P36 billion in 2018 - Business World

• Final tax reform bill to raise P130 B in revenues - Philippine Star

• Tax package approval seen credit positive - Philippine Daily Inquirer

• Vital piece of tax reform - Philippine Daily Inquirer

• Self-righteous stance on taxes - Philippine Daily Inquirer

• Japan carmakers reeling from forex hit - Philippine Star

• Tax Reform Bill: A Big Advance - Business World

• Diluted tax reform still feasible -- Credit Suisse - Business World

• CTA affirms P57.9-M tax refund for Philex - Business World

• Exporters back enhanced VAT refund - Philippine Star

• Tax reform puts BPO competitiveness in peril, says CCAP - Philippine Star

• Review of REIT rules focused on PHL reinvestment - Business World

• Local shares rise on PMI data, passage of tax bill - Business World

• PPP vs ODA(User pays vs all taxpayers pay) - Business World

• Tax reform a boost to infra buildup plan - Philippine Daily Inquirer

• Palace lauds passage of tax reform bill - Philippine Star

• Small stores oppose tax reform package - Philippine Daily Inquirer

• House approval of tax reform bill 'a positive step - Business World

• MBC cites winners, losers in tax reform - Philippine Star

• Food industry says sugar tax on beverages hits poor hardest - Business World

• Low income households hardest hit by higher tax on sugary beverages - Philippine Star

• Holding firms' exemptions reconsidered in their favor - Business World

• House passes tax reform package - Philippine Daily Inquirer

• Stocks drop as investors await vote on tax reform - Business World

• Good news or bad news? - Business World

• House OKs diesel, car taxes; income tax lowered- Philippine Star

• BIR off-track in P1.83-T collection goal - Philippine Star

• Tax reform hurdles House; Senate next - Business World

• Tax reform finds ally in BPO leader - Philippine Daily Inquirer

• Tax package gets 'cautious support' from Makati traders - Philippine Daily Inquirer

• Peso rises ahead of tax bill vote - Business World

• BIR off the pace on 2017 target - Business World

May 2017:

• No tax reform, no infra boom - Philippine Daily Inquirer

• Reduced tax perks bad for BPO firms - Philippine Star

• Removal of tax perk perils PH position as BPO haven - Philippine Daily Inquirer

• 'Infra program at risk from stalled tax reform' - Philippine Star

• Mighty gets chance to air side on tax evasion charge - Philippine Daily Inquirer

• Watered-down tax reform bill worries economic officials - Business World

• BIR clarifies regulations on credit/debit/prepaid cards as alternative modes of tax payment - Business World

• DOF wants BIR audit on cooperatives - Philippine Star

• Duterte certifies tax reform package as urgent - Philippine Daily Inquirer

• Auto loans up 27% at end-March - Business World

• Dissecting Dutertenomics' spending plan - Business World

• Taxation of microfinance NGOs - Philippine Star

• Work starts on 2nd tax reform package - Business World

• Fuel smuggling losses P26.9B a year, DoF says - Business World

• Help stop corruption in BIR - Philippine Daily Inquirer

• Tax reform to boost stock market – PSE chief - Philippine Star

• BIR files 3rd tax case vs Mighty - Philippine Star

• Low-income renters, small lot owners still VAT exempt - Philippine Star

• Negrenses urge lower tax on sugared drinks - Philippine Star

• Keeping VAT perk benefits only ‘rich’ co-ops - Philippine Daily Inquirer

• Tax reform expected to improve gov’t revenue as share of GDP - Business World

• The 8% final income tax, simple but not quite - Business World

• FPI sees corn sweetener imports as spur for domestic sugar sector - Business World

• Excise tax on sugar-sweetened drinks to hike prices up to 140% - Philippine Star

• DA seeks immediate tariff scheme for rice - Philippine Star

• 'Excise tax scare,' new models seen to drive record Honda sales - Philippine Star

• Tax reform legislation passed on to House plenary - Business World

• The Philippines: Catching Up With Other ASEAN-5 Countries - Business World

• Hybrid PPP scheme worries businessmen - Philippine Star

• VAT exemption stays in tax reform bill - Philippine Daily Inquirer

• Tax eyed on rent, remittances - Philippine Star

• Tax-free and stress-free (?) exchange - Philippine Star

• Duterte signs EOs granting incentives - Business World

• 2 solons drop support for tax reform package - Philippine Daily Inquirer

• Betting on online gaming - Philippine Star

• BPOs face tax perk removal - Philippine Daily Inquirer

• Are BIR rulings confidential? - Business World

• Business optimistic about gov’t tax plan - Business World

• Why ordinary citizens should support the tax reform program - Business World

• VACC to gov’t: No deal with Mighty - Philippine Daily Inquirer

• Pagcor eyes offshore gaming as new cash cow - Philippine Daily Inquirer

• Solon wants ‘enabling provisions’ in tax measures - Philippine Daily Inquirer

• Infra, tax reform crucial to ‘Dutertenomics’ - Philippine Star

• Angara wants tuition be tax deductible - Philippine Star

• NGOs ask Congress to OK tax reform - Philippine Star

• House tackles bill on P6 diesel tax - Philippine Star

• Gov’t to exercise fiscal prudence in infrastructure push - Manila Bulletin

• Ex-mayor faces raps over unremitted taxes - Philippine Star

• Tax reform, infrastructure development to drive Philippine growth – MVP - Philippine Star

• Food manufacturers oppose higher tax on sugar-laden drinks - Philippine Star

• Lawmakers to temper P6 diesel tax - Philippine Star

• Diokno hopes tax reform passage will result in PHL credit upgrade - Business World

• Mighty Corp. to file rejoinder on multi-billion tax evasion complaint - Business World

• Pagcor expects P6 B from online gaming taxes - Philippine Star

• Finance department agrees to BIR, Customs staff incentives - Business World

• BIR urges DOJ to indict top officials of Mighty Corp - Philippine Daily Inquirer

• Tax reform to upgrade Philippine credit rating – Diokno - Philippine Star

• Sugar industry seeks higher tax on HFCS - Philippine Star

• Fuel excise tax, VAT removal stall tax reform measure - Philippine Daily Inquirer

• A tax on 3-in-1 - Business World

• Substitute bill cuts gov’t tax take - Business World

• House to approve bill imposing taxes on fuel - Philippine Star

• Tax treaty relief availment simplified - Business World

• Tax collection from offshore gaming to double this year - Business World

• Finance sees Q1 GDP growth at 7% - Philippine Daily Inquirer

• DoF nixes House’s softer auto tax bill - Business World

• Infra is key for gaming to generate more tourists, jobs, taxes - Philippine Daily Inquirer

• ‘Unspent campaign donations taxable’ - Philippine Star

• House panel approves tax reform bill - Philippine Star

• Changes in the tax rulings - Business World

• Mighty top exec denies tax evasion - Philippine Star

• Tax perks set for firms going green - Philippine Star

• Central bank maintains policy, 2017, 2018 inflation forecasts - Business World

• Coca-Cola FEMSA says PHL’s plans to tax sugary drinks likely to stir inflation - Business World

• Energy Regulatory Commission set to confirm Meralco refund order - Business World

• House panel approves health funding from sugar tax - Business World

• Firm reports P1-B ‘zero-bribe’ lot sale - Philippine Star

• Tax on sugar-laden drinks set - Philippine Daily Inquirer

• P27-B tax case filed vs Mighty - Philippine Daily Inquirer

• Gov’t counts on Mighty assets to cover tax due - Philippine Daily Inquirer

• Watered down tax reform bill to cut government revenue gains – DOF - Philippine Star

• Mighty slapped with new tax evasion charge - Philippine Star

• BIR slaps Mighty with second tax evasion raps - Business World

• Waiver danger: A refresher on RMO No. 14-2016 - Philippine Star

• What’s happening to the Mighty tax evasion case? - Philippine Star

• Stress-free BIR audits - Business World

• BIR clarifies method for calculating tax on real property capital gains - Business World

• House bill filed seeking tariff regime for rice - Business World

• CTA affirms P625-million refund for Dole Philippines - Business World

• Ex-DOF execs face graft raps over tax credit scam - Philippine Star

• BIR told to refund P63.25 M to Belle - Philippine Star

• The Indian giver’s tax break - Philippine Star

• DOF warns of wider budget deficit - Philippine Star

• Court of tax appeals grants P29-M tax refund to San Miguel Corp. - Philippine Daily Inquirer

• Gov’t to sell Pagcor casinos - Philippine Daily Inquirer

• House panel approves tax on diesel, lower income tax - Philippine Star

• ING, ANZ say tax reform overhaul crucial in keeping investment grade - Philippine Star

• Risks flagged with delay of tax reform package - Business World

• No taxes on balikbayan boxes - Business World

• Tax reform package hurdles ways and means committee - Business World

• Tax reform among House priorities as session resumes - Business World

• SC upholds PDI win in tax case - Business World

• Key measures up for approval, but not tax reform -- Fariñas - Business World

• Biz Buzz: ADB in the spotlight - Philippine Daily Inquirer

• Time is (always) of the essence - Philippine Star

• DENR requires miners to make EITI tax disclosures - Business World

• Implementing the PWD tax incentives - Business World

• Tax treaty relief made easy - Business World

• Aggressive tax take to boost country’s infra potential - Philippine Daily Inquirer

• Slim chance of a tax amnesty - Philippine Daily Inquirer

• Cooperatives protest planned removal of tax exemptions, release of credit info - Philippine Daily Inquirer

• Farmers ask cigarette firms to pay correct taxes - Philippine Star

• Asean must cut nontariff barriers - Philippine Daily Inquirer

• Shares end lower as Trump tax plan disappoints - Business World

• Trump under fire over proposed deep tax cuts - Business World

• Deficit narrows, but spending picks up - Business World

• Budget deficit shrank 26% to P83B in Q1 - Philippine Daily Inquirer

• Solon wants tax deals to fund 3 Tondo hospitals - Philippine Daily Inquirer

• 89,000 Manileños get realty tax ultimatum - Philippine Daily Inquirer

• Inflation seen stabilizing at 3.5% -- FMIC, UA&P - Business World

• Customs exceeds Q1 collection target - Business World

• House panel approves tax on diesel, lower income tax - Philippine Star

• Risks flagged with delay of tax reform package - Business World

• ING, ANZ say tax reform overhaul crucial in keeping investment grade - Philippine Star

• No taxes on balikbayan boxes - Business World

• Tax reform package hurdles ways and means committee - Business World

April 2017:

• Amend bank secrecy law first, before tax amnesty – Dominguez - Philippine Star

• E-filing, the third time around - Philippine Daily Inquirer

• BIR issues rules on PWD tax perks - Philippine Daily Inquirer

• Tax amnesty not likely soon - Philippine Daily Inquirer

• DoF cites tax amnesty prerequisites - Business World

• Experts say tax amnesty acceptable only if it improves compliance - Business World

• Tax treaty relief made easy - Business World

• Build, build, build! - Philippine Star

• E-cigarette regulation needed - Philippine Star

• Pacquiao to pay less tax in Brisbane - Philippine Star

• House bill eyes doubling tax on idle land - Philippine Star

• Private economists hike inflation forecast - Philippine Daily Inquirer

• Tobacco farmers air plight - Philippine Daily Inquirer

• Chevron faces big Australian tax bill after court loss - Philippine Daily Inquirer

• BIR may close down Mighty factory for tax evasion - Philippine Daily Inquirer

• BIR: Time to file electronic tax returns halved - Business World

• Simpler tax administration that matters to all taxpayers - Business World

• BIR eyes tax compromise with Pacman - Philippine Star

• Mighty’s license may be canceled — BIR - Philippine Star

• 35% tariff on rice imports, overhaul of NFA pushed - Philippine Daily Inquirer

• Duterte: No to staggered settlement of Mighty’s tax liabilities - Philippine Daily Inquirer

• Public urged to push tax reforms - Philippine Daily Inquirer

• Alibaba takes down ads for fake Philippine tax stamps - Business World

• Understanding the taxation of international and expatriate assignments - Business World

• Taxmen pin collection hopes on Duterte’s popular support - Business World

• Taxing day - Philippine Star

• Tax reform passage tops businessmen’s wish list - Philippine Star

• Taxpayers the losers in housing anarchy - Philippine Star

• What your income tax says about you - Philippine Star

• Customs improves collections in March - Philippine Star

• Rody rejects Mighty settlement offer - Philippine Star

• House panel endorses P6 diesel tax - Philippine Star

• Tax amnesty plan premature, says Citi - Philippine Star

• Tax amnesty plan faces hurdles – Credit Suisse - Philippine Star

• Customs junks Mighty bid to lift suspension - Philippine Star

• Dividends, interests and royalties: New procedures for tax treaty relief - Philippine Star

• Vehicle sales surged 23% in Q1 - Philippine Daily Inquirer

• Doing the wrong things? - Philippine Daily Inquirer

• Rebirth of the tax system - Business World

• Tax amnesty plan gets initial support - Business World

• The taxation of international and expatriate assignments - Business World

• PEZA, manufacturers oppose lifting of VAT exemption - Philippine Star

• Implementation of possible tax amnesty program to be done via EO - Philippine Star

• Land reform and tax amnesty - Philippine Star

• Gov’t eyes tax amnesty program - Philippine Daily Inquirer

• Panel to probe Mighty tax case formed - Philippine Star

• Lawmaker wants NTRC independent from DOF - Philippine Star

• House targets approval of first tax reform package next month - Business World

• Tax payment season again - Philippine Daily Inquirer

• Tax deformed package - Philippine Daily Inquirer

• 2016 ITR filing: Basic reminders - Business World

• Foreign traders upbeat on Philippine economy - Philippine Star

• Taxing profits and income of clergy and church-run schools - Philippine Daily Inquirer

• Tax reform may need to wait on TIMTA data - Business World

• BIR Large Taxpayer Service opens Davao office - Business World

• Kung gusto, maraming paraan, kung ayaw, maraming dahilan - Business World

• Philippine REIT market unlikely to take off till tax reform package gets nod - Business World

March 2017:

• Proposed tariff on rice imports seen as safety net for farmers - Philippine Star

• Tax reform in focus amid high PHL hopes - Business World

• DoF seeks reconsideration of SC wage ruling - Business World

• A question on the PEACe bonds case - Philippine Daily Inquirer

• Annotated view of the 2017 comprehensive tax reform (Conclusion) - Philippine Star

• Taxpayers urged to file before Easter holidays - Business World

• Give unto Caesar what is Caesar’s - Business World

• Tax deal with Mighty dims - Philippine Daily Inquirer

• Speaker backs Duterte’s call for tax settlements - Manila Bulletin

• DOF: No settlement with Mighty - Philippine Star

• Annotated view of the 2017 comprehensive tax reform – Part II - Philippine Star

• Not gov’t employee after all - Philippine Star

• Precursors to the 2017 comprehensive tax reform - Philippine Star

• Finance executives want estate, donor tax rates at flat 6 percent to cure breaches - Philippine Daily Inquirer

• Dominguez’s tax reform? - Business World

• Strengthening microfinance NGOs for the poor - Business World

• Myths in the Philippines’ tax reform bill - Business World

• Gov’t selling at least P30-B retail bonds - Business World

• Revenue growth outpaces spending to yield Jan. surplus - Business World

• BIR files P9.56-B tax evasion raps vs Mighty - Philippine Star

• Tax reform and the poor - Philippine Daily Inquirer

• BIR files P9.5-B tax evasion case vs Mighty - Philippine Daily Inquirer

• Special tax rate for Microfinance NGOs - Business World

• Tax reform named priority for next legislative session - Business World

• Tax bureau duns Mighty for P9.56 billion - Business World

• Tax bureau spells out 2017 collection targets - Business World

• NGO wants tax reform gains used for clean transport - Business World

• The poor are not forgotten - Business World

• Tax reform, the Vice-President, and impeachment - Business World

• DOH bucks 2-tier tax system on cigarettes - Philippine Daily Inquirer

• Ex-Petron execs cleared in tax scam - Philippine Daily Inquirer

• Phoenix Petroleum willing to prepay fuel’s excise tax - Manila Bulletin

• Hoping for a tax refund - Philippine Star

• Phoenix Petroleum backs plan to hike oil excise tax - Philippine Daily Inquirer

• House leader affirms support for tax reform package despite setback - Business World

• 2017 priority investment activities - Business World

• The Computerized Accounting System application saga - Business World

• Duterte steps in for tax reform - Business World

• AmCham supports Duterte’s stand vs smuggling, tax evasion - Manila Time

• DTI rejects counterproposal to auto excise tax hike - Philippine Daily Inquirer

• Mighty to pay P3B to settle tax liability - Philippine Daily Inquirer

• Ex-BIR chief defends cigarette tax stamp system - Philippine Daily Inquirer

• House OK of tax reform package seen by midyear - Philippine Daily Inquirer

• Fake cigarette tax stamps flood market - Philippine Star

• Passage of tax reform bill needed before next budget cycle — DOF - Manila Bulletin

• CAMPI, AVID propose 7 excise tax brackets with lower rates - Manila Bulletin

• Tax bills are ‘make or break,’ legislators told - Business World

• Senate OK’s Smart, GMA franchise extension - Business World

• Auto industry proposes seven tiers of excise tax - Business World

• DoF expects second tax reform package out by third quarter - Business World

• Administration and compliance are tax reform’s game changers - Business World

• Pass the tax reform package without undue compromise - Business World

• Taxing JICA-funded projects - Business World

• BIR eyes tax exemptions on land sale for housing - Philippine Star

• DOF to still pursue case vs Mighty - Philippine Star

• DOF chief: No deal with Mighty - Philippine Daily Inquirer

• Revenue agencies seen to meet collection goals - Philippine Star

• Auto sales still up in February despite slump in passenger cars - Business World

• Finance department wants accounting board to drop certification requirement - Business World

• Duterte offers way out for Mighty - Business World

• Tax reform seen key to inclusive growth - Business World

• Tax reform to ramp up infra spending – BMI Research - Philippine Star

• Updated guidelines out on LGU fund allocations - Philippine Star

• DOF frets over add’l ITR requirements - Philippine Star

• Tax amnesty offer illegal, says group - Philippine Daily Inquirer

• Duterte tells Mighty: Settle tax case for P3B - Philippine Daily Inquirer

• BIR: Mighty faked own tax stamps - Philippine Daily Inquirer

• BIR says cigarette maker delaying tax stamp probe - Philippine Daily Inquirer

• Jesus paid his taxes - Philippine Star

• Watered down tax reform more costly for gov’t – DOF - Philippine Star

• Speaker wants income of Catholic schools taxed - Philippine Star

• Speaker wants income of Catholic schools taxed - Philippine Star

• BIR needs 21,000 add’l examiners - Philippine Star

• Additional cost of borrowing? - Philippine Star

• Customs moves to put a lid on fuel smuggling - Philippine Star

• House official bats for streamlined procurement - Business World

• Speaker wants BIR to review tax exemptions for religious schools, citing high tuition - Buisness World

• Clean slate for taxpayers with pending Estate Tax Bill - Business World

• An objective look at mining, taxes, and the HRW report - Manila Bulletin

• DOF sees House OK of CTRP - Philippine Star

• BIR pushes nationwide crackdown on fake stamps - Philippine Star

• Dev’t plan targets tax revenue rising to 17.7% of GDP - Business World

• Dominguez urges prompt inquiry on tax evasion, smuggling ring - Buisness World

• Tax court orders reopening of TransCo’s P375-million tax case - Business World

• Finance dep’t eyes committee approval of tax reform package - Business World

• DOF chief order filing of tax evasion raps - Philippine Daily Inquirer

• Retailers eyed in drive vs fake tax stamps - Philippine Daily Inquirer

• Dole wants travel tax removed from OFW tickets - Philippine Daily Inquirer

• Tan tobacco firm wins P90-M case in tax court - Philippine Daily Inquirer

• Gov’t toughens stance on fake tax stamps - Philippine Daily Inquirer

• BSP allows longer banking hours for tax payments - Philippine Star

• DOF warns of fake tax stamps on cigarettes - Philippine Star

• ‘No travel tax, terminal fees for OFWs’ - Philippine Star

• Cigarette firm offers to open warehouses - Philippine Star

• Revenue collection, spending targets in 2016 missed - Philippine Daily Inquirer

• Tax evasion case vs Mighty eyed - Philippine Daily Inquirer

• Lower capital income tax to boost appetite -- BSP - Business World

• House OK’s simplified donor’s tax - Business World

• PCSO warns sales will suffer from higher tax on prize fund - Buisness World

• Dominguez hopes House panel passes tax reform before break - Business World

• House OKs bill on reduced donors tax - Philippine Star

• SSS revenue grows to P160 B - Philippine Star

• Plan to tax lottery winnings opposed - Philippine Daily Inquirer

• Mitsubishi bullish on CARS program despite excise tax issues hounding PH auto industry - Philippine Daily Inquirer

February 2017 (Cont.):

• PSEi ends lower as local bourse tracks regional weakness - Philippine Daily Inquirer

• Gov’t wants cigarette firms to shoulder cost of new tax stamps - Philippine Daily Inquirer

• Inflation heating up on rising oil - Business World

• Duterte to car makers: ‘Tax impact to be fair’ - Business World

• Gov’t centralization and federalism - Business World

• The colorful change for the sin tax on cigarettes - Philippine Star

• Most of tax stamps features compromised, says DOF - Philippine Star

• Tax on the right to drive - Philippine Star

• Local hoteliers back tax reform - Philippine Star

• New excise tax rates for autos backed - Philippine Daily Inquirer

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