IMF warns fuel tax cuts favor upper-income households
Any suspension of excise taxes on gasoline and diesel would only benefit upper-income households, despite the waiver of such taxes on liquefied petroleum gas…
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Latest Daily Tribune news and analysis on tax revenue.
Any suspension of excise taxes on gasoline and diesel would only benefit upper-income households, despite the waiver of such taxes on liquefied petroleum gas…
· 2 MIN READ
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…
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The BIR released P23.67 billion in tax refunds from January to September 2026, up 90.6 percent from the same period last year.
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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…
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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…
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‘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 Bureau of Internal Revenue (BIR) and the International Monetary Fund (IMF) are working to strengthen the agency’s Compliance Risk Management (CRM) system…
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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…
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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…
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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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