THE BUDGET department has released the 40% share of local government units (LGUs) in excise taxes collected from the mining industry dating back to December 2011.
Apr 132016
BusinessWorld Online: Economy
Apr 132016
DAVAO CITY — A majority of city councilors approved on Tuesday an ordinance granting authority to Mayor Rodrigo R. Duterte to sign a joint venture (JV) agreement for the Mega Harbour port development project.
Apr 132016
In an era of online shopping, online booking, and many other things done online, the Bureau of Internal Revenue (BIR) continues to keep up, this time embracing online payment of taxes. On March 28, the BIR published Revenue Regulations No. 3-2016 providing rules for the adoption of credit/debit/prepaid card payments as additional modes of paying taxes. Tax payments made through these alternative modes are made in real time or, to be exact, on the date and at the time indicated in the system-generated confirmation receipt issued by the bank/credit card company. You can therefore pay your taxes whenever and wherever you are.
Apr 122016
PHILIPPINE factories ramped up production for an eighth straight month in February, led by the expansion in food as well as furniture and fixtures manufacturing.
Apr 122016
NORTHERN MINDANAO, the region most affected by El Niño, has started experiencing light to moderate rainfall beginning last week following cloud-seeding operations, according to the Department of Agriculture (DA).
Apr 122016
ILOILO CITY — Iloilo province’s 12 government-run hospitals, which were converted to local economic enterprises in 2011, are set to expand using P251 million of their earnings from 2015.
Apr 112016
THE strong drought hitting Vietnam, a key source of Philippine rice imports, could disrupt the government’s plan to build up reserves of the staple held by the National Food Authority (NFA), an industry official said.
Apr 112016
GROWTH in remittances likely slowed in February, ANZ Research said in a report, noting a sustained decline seen in funds sent by Filipinos in the United States as well as seasonal factors.
Apr 112016
The countdown has started and taxpayers have barely 4 days before the last day for filing the final adjustment return otherwise known as the Annual Income Tax Return for the taxable year ended December 31, 2015. Specifically, corporate taxpayers are required to file a final adjustment return covering the taxable income for the preceding calendar year on or before the 15th day of April and, likewise, to pay the income tax due thereon at the time the declaration or return is filed in accordance with the provisions of Section 76 and 77 of the National Internal Revenue Code of 1997 (Tax Code), as amended.
Apr 102016
THE PHILIPPINE Stock Exchange, Inc. (PSE) is looking into imposing a minimum remaining life for entities seeking to issue securities to finance public-private partnership (PPP) projects.