by ev3v4hn | Jul 27, 2020 | Business News
The Bureau of Internal Revenue (BIR) is bent on collecting 5 percent franchise taxes owed by Philippine offshore gaming operators (Pogos) based overseas despite opposition from the Philippine Amusement and Gaming Corp. (Pagcor). In a statement on Monday (July 27), the Department of Finance (DOF) quoted Internal Revenue Commissioner Caesar R. Dulay as saying that […]
by ev3v4hn | Jul 22, 2020 | Business News
Deputy Prime Minister and Finance Minister Hong Nam-ki. (Yonhap) SEOUL — South Korea on Wednesday unveiled a set of revised taxation rules aimed at better dealing with the widening economic gap and altered tax realities under the COVID-19 context. Its measures will...
by ev3v4hn | Jul 10, 2020 | Business News
To plug hefty tax leakages from local and foreign deals involving related parties, the Bureau of Internal Revenue (BIR) on Friday mandated reporting of these types of transactions. The country’s biggest tax-collection agency published Revenue Regulations (RR) No....
by ev3v4hn | Jul 3, 2020 | Business News
The Bureau of Internal Revenue (BIR) has eased some of the tax requirements for Philippine offshore gaming operators (Pogos) to resume operations under a less restrictive COVID-19 community quarantine. Internal Revenue Commissioner Caesar R. Dulay issued a memo, dated...
by ev3v4hn | Jun 29, 2020 | Business News
MANILA, Philippines — The Asian Development Bank (ADB) has greenlighted a $26.5-million loan (over P1.3 billion) so local governments in the Philippines can assess property taxes digitally. “The Local Governance Reform Project will help local government units (LGUs)...
