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1-10 results from 528 for query «tax reforms»

January 1, 2019 7:00 AM DOF's 2019 wish: Passage of Trabaho bill, other tax reform packages

Finance Secretary Carlos Dominguez III says they will seek a last push discussion with legislators for the approval of the measures before the 2019 elections "The Department of Finance remains optimistic that the proposed reduction in the 30% corporate income tax (CIT) and the overhaul of the fiscal incentives system, along with the rest of the tax reform 117

November 14, 2018 3:32 AM Workers to get bigger 13th month pay, christmas bonus starting this year -Angara

Workers from both public and private sectors will be getting bigger 13th month pay and Christmas bonuses because of the law that raised the tax exemption cap of bonuses and benefits. Beginning this year, pursuant to Republic Act 10963, the 13th month pay and other benefits, including productivity incentives and Christmas bonuses, are exempted from tax if they do not exceed 145

October 5, 2018 9:26 PM WB looks to extend $300-M loan to PH

The World Bank is looking into extending a $300-million loan to the Philippines to finance a project aimed at improving fiscal management. Documents showed that the project, expected to be tackled by the Washington-based multilateral lender’s board in December, will help increase the revenue potential as well as economic efficiency of tax policy 40

August 16, 2018 9:00 AM Fil-Chinese businessmen not in favor of 2nd tax reform package: officials

MANILA - Members of the Federation of Filipino-Chinese Chambers of Commerce and Industries are not in favor of the second package of tax reforms being pushed by the government, officials of the business group said on Thursday. Domingo Yap, president of the business federation, said they are wary of the effects of TRAIN 2 after the first tax reform package 64

August 11, 2018 11:06 PM Charter panel to critics: You could’ve helped us

Consultative Committee (Con-com) spokesperson Ding Generoso. (Photo by CATHY MIRANDA / Members of the consultative committee, which drafted a new Constitution, rebuked the government’s economic managers for painting a bleak picture of the planned shift to federalism without doing their job of helping craft the proposed Charter in the first 45

June 26, 2018 2:39 AM P200 monthly cash aid may not be enough for the poor: ex-DSWD official

MANILA -- Unconditional cash aid from the government of P200 per month may not be enough to help the poor cope with rising consumer prices, a former social welfare official said Tuesday. Raising the monthly cash transfers to P500 "should be considered," former social welfare and development department officer in charge Emmanuel Leyco told ANC's Early 26

June 13, 2018 6:35 AM Electronics manufacturers 'willing to live with' 10 pct income tax

MANILA -- Electronics manufacturers are "willing to live with" a 10-percent corporate income tax rate instead of 15 percent as proposed by the government under the second tranche of reforms, an industry group said Wednesday. A 15-percent corporate income tax may drive up costs by as much as 40 percent, the Semiconductor and Electronics Industries of the Philippines 50

May 27, 2018 10:14 AM Angara wants discounts for underprivileged studes

SENATOR Sonny Angara pushed for the passage of a bill that seeks to grant discount on books, school supplies and other basic services to underprivileged students in all levels in the country. “Balik eskwela na naman. Siguradong excited na ang mga bata mamili ng mga bagong gamit sa school, pero para sa mga magulang, panahon na naman ito ng malaking gastos 46

May 25, 2018 2:45 AM Sotto says 'unnecessary' to suspend full tax reform law

MANILA - Calls to suspend or repeal the tax reform law are "unnecessary" because it contains many "good" provisions, Senate President Vicente Sotto III said Friday. Sotto said the Tax Reform for Acceleration and Inclusion or TRAIN Law allows the suspension of excise taxes on fuel if certain conditions are met. "The call for the TRAIN law to be suspended 31

May 17, 2018 9:27 AM Inflation in PH may hit 6 pct in August: Standard Chartered economist

MANILA - Inflation in the Philippines may hit 6 percent in August this year because of a number of factors, an economist at Standard Chartered said Thursday. Chidu Narayanan, Standard Chartered economist for Asia, said inflation may average 5.2 percent in 2018 before sliding to 4.9 percent in 2019. Higher government spending on infrastructure, the impact 33