Oil price breach opens door to excise tax relief
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.
· 2 MIN READ
Topic
tax reform Philippines
Latest Daily Tribune news and analysis on tax reform Philippines.
DoF awaits DoE nod for fuel tax suspension
‘The Secretary is just waiting for the certification from the Department of Energy that the price of Dubai Crude Oil has exceeded the threshold.’
· 2 MIN READ
DOF awaits DOE nod for fuel tax suspension
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…
· 2 MIN READ
BIR allows VAT refunds for exporters in transition
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
Government capable of meeting public debt obligations — Palace
The Philippine government says revenues remain sufficient to service its rising public debt as tax reforms seek to strengthen revenue collection and economic…
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Go flags PhilHealth sin tax funding gaps, seeks full compliance in 2027
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
DoF begins progress on ProGRESS bill
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…
· 2 MIN READ
Bill Gates pushes AI tax, ‘Human Reserved’ jobs
Bill Gates is urging governments to tax AI and robots, protect human-only jobs and prepare workers for automation as artificial intelligence threatens to…
· 2 MIN READ
BIR, Ayala team up powering tax AI ‘Terry’
‘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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Citing monsoon, BIR extends tax deadlines
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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Habagat prompts BIR to extend tax filing deadline
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…
· 1 MIN READ
House panel OKs P350K tax-free income threshold
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
2,277 medicine now VAT-free; 1.2M more workers eyed for tax exemption — BIR
The Bureau of Internal Revenue has expanded the list of VAT-free medicines to 2,277, adding drugs for cancer, diabetes, tuberculosis, hypertension, high…
· 2 MIN READ
Solon pushes LGU tax share hike
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
India sweetens tax incentives
India plans to expand tax incentives for foreign investors and manufacturers, aiming to attract global capital, strengthen electronics manufacturing, and…
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Malacañang to push tax reforms this year
The Marcos administration aims to pass its tax reform package this year, saying the proposed measures will focus on luxury consumption, promote public health,…
· 1 MIN READ
DOF eyes higher excise taxes to fund middle-class tax relief
The Department of Finance (DOF) is proposing higher excise taxes on sweetened beverages, e-cigarettes, alcohol, plastics and vehicles to offset revenue losses…
· 2 MIN READ
