by ev3v4hn | Jun 2, 2020 | Business News
Simply lowering corporate income tax might prompt companies to just survive the COVID-19 pandemic, without any assurance that the tax cut would get them to either keep or hire more workers, a group said. The response, however, should not be to scrap the proposed Corporate Recovery and Tax Incentives for Enterprises Act (Create). Instead, the […]
by ev3v4hn | Jun 2, 2020 | Business News
The Nation/Asia News Network BANGKOK — Thailand’s Cabinet has approved a 90 percent reduction in land and building taxes for the year 2020 and a two-month postponement in the deadline for filing personal income tax returns, Prime Minister General Prayut Chan-o-cha...
by ev3v4hn | May 30, 2020 | Business News
The Bureau of Internal Revenue (BIR) will automatically convert unused tax credit certificates (TCCs) into cash after a year to allow the government to better capture actual tax collections. Published on Friday, the BIR’s Revenue Regulations (RR) No. 14-2020 signed by...
by ev3v4hn | May 25, 2020 | Business News
Higher motor vehicle user’s charge (MVUC), a proposal pending at the Senate, is needed to build and maintain more roads in the Philippines, according to the state-run think tank National Tax Research Center (NTRC). Since the MVUC’s implementation in 2001, through...
by ev3v4hn | May 24, 2020 | Business News
The Bureau of Internal Revenue (BIR) is allowing taxpayers to settle their dues outside their revenue district office (RDO) until June 14. To comply with the deadline for 2019 income tax returns, Internal Revenue Commissioner Caesar Dulay said taxpayers could “file...
