ERC ruling puts system loss outside VAT net
An ERC-issued resolution declares allowable system loss charge an inherent government-mandated pass-through cost that does not form part of the gross sales of…
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Daily TribuneTopic
An ERC-issued resolution declares allowable system loss charge an inherent government-mandated pass-through cost that does not form part of the gross sales of…
· 2 MIN READ
Bureau of Customs (BoC) officials at Ninoy Aquino International Airport (NAIA) destroyed 340 air waybills containing more than 35.6 tons of abandoned and…
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Authorities seized nearly P5.95 million worth of counterfeit food ingredients during a joint operation at a warehouse in Barangay General T. de Leon in…
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The Bureau of Customs (BoC) is strengthening safeguards over seized, forfeited and abandoned goods by deploying additional security personnel, installing…
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The negotiated sale was livestreamed as part of efforts to promote transparency and public accountability.
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The Bureau of Internal Revenue (BIR) said the number of value-added tax (VAT)-exempt medicines has increased to 2,277 following the inclusion of 14 additional…
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Under the latest BIR Revenue Memorandum Circular No. 87-2026, VAT exemptions now cover 708 medicines for cancer, 537 for hypertension, 331 for diabetes, 300…
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‘The quickest way to improve a family’s finances is not always by giving them more — it is by allowing them to keep more of what they have already earned.’
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The Chamber stressed, however, that deeper reforms are urgently needed to secure affordable, reliable, and sustainable power nationwide.
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Senior Deputy Majority Leader Sen. JV Ejercito has filed two bills seeking to lower electricity rates by removing the system loss charge passed on to consumers…
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" Nutrisyon at Kalikasan, Ating Pangalagaan! (Nutrition and Environment, Let’s Nurture!)"— this year’s Nutrition Month theme highlights the connection between…
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The reason was obscene in its very nature; the Marcos government found a way to profit from a war half a world away.
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The Supreme Court (SC) has updated the rules governing when the processing period begins for value-added tax (VAT) refund claims, clarifying procedures that…
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The Supreme Court (SC) has clarified when the processing period begins for value-added tax (VAT) refund claims, updating existing rules to reflect changes in…
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The Bureau of Customs (BoC) announced Tuesday that it is speeding up the lawful donation of confiscated and forfeited goods to government agencies and…
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The BIR ruling removes the risk of unnecessary costs being baked into electricity bills by clarifying that the collections are merely passing through…
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Customs agents seized an estimated P841 million worth of counterfeit luxury goods during a raid at a warehouse in Valenzuela City, the Bureau of Customs…
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NEW YORK (AFP) — Australian Adam Scott is officially set for his 100th consecutive major golf in the US Open in June as officials confirmed 35 exemptions into…
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