Sunday, May 3, 2026
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Tag: corporate income tax

DHSUD wants tax exemptions for economic housing

The Department of Human Settlements and Urban Development (DHSUD) and the Department of Trade and Industry-Bureau of Investments are studying a proposal to classify...

Favored enterprises get over P480b in tax perks

Fiscal incentives enjoyed by favored enterprises cost the government P481.7 billion in foregone revenues in 2019, or a year before the landmark congressional approval...

Bias of tax policy should be revenue raising

"CREATE embodies a bias in the opposite direction with dim prospects of success."       A few months ago, President Rodrigo Duterte of the CREATE (Corporate Recovery...

Tax-free cancer medication with CREATE bill

Once enacted into law by President Duterte, the Corporate Recovery and Tax Incentives for Enterprises bill will result in a more affordable cancer treatment...

Congress panel approves bill to lower corporate income tax

A joint congressional panel approved on Monday a bill that will reduce the rate of corporate income tax in a bid to attract more...

Arbitral tribunal postpones Malampaya tax proceedings

The International Center for Settlement of Investment Disputes said Monday it suspended the proceedings on the arbitration case filed by Shell Philippines Exploration B.V....

DOF pushes lower corporate income tax

Finance Secretary Carlos Dominguez III urged the Senate to include the economic team’s proposal on immediately cutting the corporate income tax rate from 30...

Salceda’s digital economy tax bill to raise P29.1-b new revenues to fill Covid-19 gap

House Ways and Means chair Joey Sarte Salceda (Albay, 2nd district) filed a tax bill to better capture the value created by the digital...

NEDA proposes 25% corporate income tax starting July

The National Economic and Development Authority proposed the reduction in corporate income tax from the current 30 percent to 25 percent effective July 2020...

Arbitration ruling to revive gas sector

The  Petroleum Association of the Philippines said it expects the recent ruling of the International Chamber of Commerce in Singapore on the arbitration case...

Eligible investors to continue getting tax incentives – DoF

The Finance Department said Thursday eligible investors will continue to enjoy tax incentives from the government and they have no reason to worry over...

Corporate tax cut to create 1.4m jobs

The Finance Department said the reduction in corporate income tax to 20 percent from 30 percent under the second package of the comprehensive tax...

DoF wants corporate tax reduced to 25% in 3 years

The Finance Department plans to implement the tax reform package within the first three years of the Duterte administration. Finance Secretary Carlos Dominguez III told...
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