World Bank: tax reforms could unlock 7.1% of GDP in fiscal gains
The Philippines could unlock fiscal gains equivalent to as much as 7.1 percent of gross domestic product (GDP) by improving tax collection, government spending…
· 2 MIN READ
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Latest Daily Tribune news and analysis on tax deficiency assessment.
The Philippines could unlock fiscal gains equivalent to as much as 7.1 percent of gross domestic product (GDP) by improving tax collection, government spending…
· 2 MIN READ
The BIR released P23.67 billion in tax refunds from January to September 2026, up 90.6 percent from the same period last year.
· 1 MIN READ
Sen. Bam Aquino is calling for the suspension of fuel excise taxes and VAT as high fuel prices continue to burden drivers, commuters, farmers, fisherfolk and…
· 2 MIN READ
We’re already taxing ice cream, by the way. You buy it, there’s the VAT. You import it, there are customs duties and import VAT. Ice cream has never learned…
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The DoE has triggered the process for possible petroleum excise tax relief after Dubai crude averaged $99.41 per barrel, above the $80 legal threshold.
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The Department of Finance (DOF) has proposed expanding the coverage of the country’s sweetened beverage (SB) tax to include ice cream, frozen yogurt and other…
· 2 MIN READ
‘The Secretary is just waiting for the certification from the Department of Energy that the price of Dubai Crude Oil has exceeded the threshold.’
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The Department of Finance (DOF) said it is awaiting certification from the Department of Energy (DOE) that Dubai crude prices have breached the $80-per-barrel…
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The BIR clarified that qualified export-oriented enterprises may claim VAT refunds on eligible purchases and imports made while awaiting zero-rating…
· 2 MIN READ
Sen. Bong Go urges full compliance with sin tax earmarking for PhilHealth by 2027, warning against funding gaps that undermine Universal Health Care. Learn how…
· 2 MIN READ
The agency has started public consultations across the country on the proposed bill involving a tax reform package combined with relief from taxes with new…
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Bill Gates is urging governments to tax AI and robots, protect human-only jobs and prepare workers for automation as artificial intelligence threatens to…
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‘If technology can do more of that retrieval and cross-referencing, our revenue officers can spend more of their time examining what the authorities mean,…
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The BIR extended tax filing and payment deadlines to 18 August 2026 for taxpayers affected by habagat and eBIRForms issues, while clarifying early withdrawal…
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The BIR extended tax deadlines falling from 10 to 16 August to 17 August for taxpayers in areas affected by southwest monsoon rains, covering 58 revenue…
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The House Committee on Ways and Means has approved a bill raising the tax-free annual income threshold from P250,000 to P350,000, a key priority of President…
· 2 MIN READ
The Bureau of Internal Revenue has expanded the list of VAT-free medicines to 2,277, adding drugs for cancer, diabetes, tuberculosis, hypertension, high…
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Ilocos Norte Rep. Angelo Marcos Barba pushes a bill seeking a 5-percentage-point increase in National Tax Allotment shares for LGUs to boost fiscal autonomy…
· 1 MIN READ