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 ...
Read moreTag: corporate income tax
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, ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.