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Moves to raise tax exemption cap on bonuses gain ground in House

Nueva Ecija Rep. Estrellita Suansing. Photo from https://www.facebook.com/athel.suansing

Moves to increase the tax exemption cap on bonuses gained ground in the House of Representatives as another lawmaker filed a similar proposed measure.

Posted: March 20th, 2014 in Latest News Stories,Nation | Read More »

Senate eyes law exempting from tax 13th month pay of up to P75,000

By
Senators Franklin Drilon and  Ralph Recto. INQUIRER FILE PHOTOS

Congress will pass a bill increasing the amount of 13th month pay that will be exempted from the income tax from the present P30,000 to P75,000, Senate President Franklin Drilon said on Tuesday.

Posted: February 18th, 2014 in Latest News Stories,Nation | Read More »

Gov’t to lose P40B in revenues if bill raising cap on tax exemption is passed

Bureau of Internal Revenue building

The government stands to lose as much as P40 billion in revenues if a House bill seeking to raise the tax ceiling exemption of workers is passed, a finance official warned.

Posted: January 28th, 2014 in Latest News Stories,Nation | Read More »

BIR chief: I’ll play ‘bad guy’ when it comes to tax-relief proposals

By
Internal Revenue Commissioner Kim Henares: Not a priority. INQUIRER FILE PHOTO

The government thumbed down on Tuesday all proposed tax-exemption measures in the Senate, saying this would cost the government P74 billion in revenue losses.

Posted: December 17th, 2013 in Latest News Stories,Nation | Read More »

Recto files measure raising tax exemption on bonuses

By
Senator Ralph Recto INQUIRER FILE PHOTO

Sen. Ralph Recto has filed a bill increasing to P75,000 the amount in 13th-month pay, Christmas bonus and other benefits that would be exempt from income tax.

Posted: December 16th, 2013 in Latest News Stories,Nation | Read More »

Bill seeks lifetime tax exemption for Pacquiao for ‘making Filipinos proud’

By
Manny Pacquiao. AP  FILE PHOTO

In coming to boxing superstar Manny Pacquiao’s defense, a colleague in the House of Representatives has proposed an unprecedented idea: Exempt him from paying income taxes for the rest of his life.

Posted: December 5th, 2013 in Latest News Stories,Nation | Read More »

Perks eyed for business-minded OFWs

By

In a bid to encourage overseas Filipino workers (OFWs) to put up small and medium enterprises in Quezon City, a councilor has pushed a measure that will exempt them from paying business taxes for up to three years.

Posted: September 3rd, 2013 in Headlines,Metro | Read More »

PH agri leaders unite vs smuggling

For the first time in more than 20 years, major stakeholders in the country’s agriculture sector formed a united front denouncing rampant smuggling and what they called as “unlawful entry” of a Thai food company that had been granted tax exemptions and other perks.

Posted: January 22nd, 2013 in Headlines,Regions | Read More »

Newsbriefs

AN inmate of the Cebu Provincial Detention and Rehabilitation Center (CPDRC) charged with murder escaped after a court hearing in Bogo City, northern Cebu, before noon yesterday.

Posted: January 12th, 2012 in CDN - News,Cebu Daily News | Read More »

Pressure on to secure SRP lot tax exemptions

Cebu City Hall needs to secure tax exemption for companies that acquired lots in the South Road Properties (SRP) lest they remit their quarterly payments to the Bureau of Internal Revenue.

Posted: September 20th, 2011 in CDN - News,Cebu Daily News | Read More »

Lim, others face charges over tax exemption

By

Top city officials of Manila led by Mayor Alfredo Lim are facing criminal complaints before the Office of the Ombudsman for approving a city ordinance that exempted telecommunications giant Smart Communications from paying certain taxes. The complaint was filed by former Manila Mayor Lito Atienza, who described the ordinance as “highway robbery in broad daylight.” [...]

Posted: July 10th, 2011 in Headlines,Metro | Read More »

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