by ev3v4hn | Aug 17, 2020 | Business News
Raids conducted by the Bureau of Internal Revenue’s (BIR) “strike team” against the illicit trade of cigarettes have already yielded over P1.2 billion in counterfeit sticks and fake tax stamps at a time when the government needed more revenues to finance its COVID-19 response. BIR Deputy Commissioner Arnel S.D. Guballa told the Inquirer they confiscated […]
by ev3v4hn | Aug 17, 2020 | Business News
The Department of Trade and Industry (DTI) wants the Bayanihan 2 bill to include tax perks that would encourage businesses to keep at least 90 percent of their workforce, a copy of the agency’s letter to the House of Representatives read. It remains to be seen,...
by ev3v4hn | Aug 14, 2020 | Business News
A group of companies that repurposed their plants to make personal protective equipment (PPE) for health care workers is now asking the government for help, as they struggle against the influx of imported PPEs. The newly formed Confederation of Philippine...
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...
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...
