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1-10 results from 782 for query «tax revenues»

December 30, 2018 4:09 AM Customs hits target revenues in 2018

Aided by the TRAIN law, the Bureau of Customs reaches its target collections for 2018 MANILA, Philippines – The Bureau of Customs (BOC) hit its collection target for 2018, with revenues reaching P585.542 billion, based on preliminary numbers. The BOC said in a statement on Saturday, December 30, that its tax collection rate grew by 27.8% from last year’s 96

October 17, 2018 6:17 AM CHED to ask DOF to spare free college tuition fund from potential budget cuts

The Commission on Higher Education (CHED) on Wednesday said it will ask the Department of Finance (DOF) to spare the free college education program from budget cuts due to the potential reduction of revenues from the impending suspension of the second tranche of excise taxes on fuel. “We will be in close coordination with DOF so that iyong (the) provision 80

September 5, 2018 3:00 AM #AskTheTaxWhiz: VAT or non-VAT taxpayer?

The Philippine Tax Whiz explains when to register as a VAT or non-VAT taxpayer, for the self-employed and professionals Yes. Regardless of gross revenues earned or projected, the self-employed or professionals may register as a VAT taxpayer. The advantage is that the VAT can be passed on to consumers, while percentage tax is assumed as part of gross 72

August 15, 2018 5:37 AM GT Capital posts P7.1-billion net income in first half

MANILA - GT Capital Holdings Inc on Wednesday reported a consolidated net income of P7.1 billion in the first half of 2018 as well as a P7.1 billion core net income for the same period. Consolidated revenues reached P101.2 billion from January to June, GT Capital said in a disclosure to the stock exchange. Metrobank, AXA Philippines, Metro Pacific and Toyota 72

July 19, 2018 2:04 PM Zubiri releases highlights of Bangsamoro Organic Law

Senate Majority Leader Juan Miguel Zubiri on Thursday released the highlights of the Organic Law for the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) or the Bangsamoro Organic Law. On Wednesday night, the bicameral conference committee approved the reconciled version of the proposed measure that will create the Bangsamoro Autonomous Region 61

July 10, 2018 9:25 AM BIR collection up 13% to P967.4B in first half of 2018, exceeds target

The higher and new taxes slapped on so-called sin products and sugary drinks under the Tax Reform for Acceleration and Inclusion (TRAIN) Act helped the Bureau of Internal Revenue (BIR) exceed its target collections in the first half of 2018, Commissioner Caesar B. Dulay said Tuesday. In a telephone interview, Dulay said the BIR collected P967.4 billion 31

June 13, 2018 11:02 AM BIR posts P828B tax collection

THE Bureau of Internal Revenue (BIR) collected P827.91 billion for the first five months of the year. This is P24.91 billion more or 3.10% higher than the goal of P803.00 billion set for the period. Likewise, the BIR posted a growth rate of 14.76% or an increase of P106.51 billion compared to the 2017 collection for the first five months of P721.40 billion 24

May 30, 2018 11:58 AM Malaysia tries crowdfunding to plug ballooning debts

KUALA LUMPUR - Malaysia has set up a fund for members of the public to donate cash to help the new government repay its hefty national debt, the finance ministry said on Wednesday, providing a bank account number for deposits. Prime Minister Mahathir Mohamad has made it a priority to cut Malaysia's debts and liabilities - estimated at 1 trillion ringgit 40

April 18, 2018 2:00 PM PCSO draws produce 18 new millionaires

EIGHTEEN persons became new millionaires as they shared with each other the P872,384,484 Lotto jackpots in the First Quarter of 2018, Philippine Charity Sweepstakes Office general manager Alexander Balutan said Wednesday. “The winners, whose names we withheld for security purposes, came from Batangas City, Leyte, Laguna, Isabela, Las Piñas, and Cavite 27

April 11, 2018 9:28 PM 2-mo budget deficit widens to P51.5B

The amount spent by the government on public goods and services outpaced the revenues it collected in February, resulting in a wider budget deficit of P61.7 billion. The Bureau of the Treasury’s latest cash operations report released by the Department of Budget and Management on Wednesday showed that expenditures in February reached P240.3 billion, up 37 percent 14