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House bill on tax exemption for bonuses passes on 2nd reading

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Philippine Congress. FILE PHOTO

The bill seeking to increase the tax ceiling exemption for bonuses was approved on Tuesday on second reading despite the few numbers in the plenary.

Posted: September 9th, 2014 in Latest News Stories,Nation | Read More »

House panel OKs bill raising tax exemption cap for bonuses

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Philippine Congress. AP FILE PHOTO

The House of Representatives ways and means committee on Wednesday approved the consolidated bill seeking to increase the tax ceiling for bonuses.

Posted: September 3rd, 2014 in Latest News Stories,Nation | Read More »

PH wages war on crooked customs agents

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Standing near mountains of goods destined to be smuggled through the Philippines’ biggest port, the nation’s customs chief admits that being on the frontline of the president’s war on graft is overwhelming.

Posted: September 3rd, 2014 in Latest News Stories,Nation | Read More »

2nd case vs BIR taxes on gov’t workers’ allowances, benefits filed with SC

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Bureau of Internal Revenue building.  AFP FILE PHOTO

A Manila judge and a court employee representing their respective professional associations have sought relief from the Supreme Court to stop the Bureau of International Revenue (BIR) from collecting taxes out of their allowances and benefits, citing the preservation of judicial independence protected by no less than the Constitution.

Posted: August 21st, 2014 in Latest News Stories,Nation | Read More »

Judges fight BIR’s excessive taxes, slam Henares

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Internal Revenue Commissioner Kim Henares. INQUIRER FILE PHOTO

An association of judges together with court employees in Manila asked the Supreme Court to stop the Bureau of Internal Revenue from implementing a new regulation that would impose taxes on previously non-taxable benefits such allowances, bonuses and other fringe benefits received by state employees, including those in the judiciary.

Posted: August 21st, 2014 in Latest News Stories,Nation | Read More »

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