The need for clear and definitive rules on the proper treatment of input value-added tax (VAT) from zero-rated/export sales in case of denial has never been as important as today. As more VAT refunds are denied by the Bureau of Internal Revenue (BIR), the taxpayers’ clamor to address the issue on the recovery of VAT for zero-rated/export sales becomes inevitable.
MORE families of overseas Filipino workers (OFWs) used their remittances on savings this quarter than in the previous three months, according to a new survey conducted by the Bangko Sentral ng Pilipinas (BSP).
BAGAC, BATAAN — Results of a survey looking into the country’s financial inclusiveness from the consumer perspective are set to be released this week, a Bangko Sentral ng Pilipinas (BSP) official said.
Entrepreneurs know that winning the game can sometimes mean changing the rules. Because they are visionaries, they see possibilities and opportunities that may not be visible to others. As game changers they bring about positive transformation through innovation. They challenge traditional business models and strategies, and persist in operational reinvention. Agility, innovation and collaboration are the characteristics of the way they operate. In the process, they fundamentally change the business landscape. They are determined to generate wealth, change businesses and spur competitiveness, thereby contributing to a vibrant business community and robust national economy.
THE JOINT VENTURE between San Miguel Corp. and Korea Water Resources Corp. (K-water) plans to proceed with the rehabilitation of the Angat Dam in Bulacan as early as this month.
ADEQUATE MONEY supply and improved government spending should sustain the economy’s growth momentum moving forward, monetary authorities noted during their policy meeting last month.
THE PHILIPPINES has a good chance of meeting the compliance requirements of the Extractive Industries Transparency Initiative (EITI), according to the organization’s chair, Clare Short, who noted that the country’s first report was an “impressive start.”
CABINET OFFICIALS are scheduled to meet next week to outline more measures to further ease bottlenecks in government spending, Budget Secretary Florencio B. Abad yesterday said.
DAVAO CITY — Proponents of the Mindanao Power Corp. (Minpocor) are hoping to make further progress in securing the required legislation for the company that will control Mindanao’s key hydroelectric complexes.
The Insurance Commission recently issued Circular Letter No. 2015-18 to disseminate the United States Financial Crimes and Enforcement Network’s (FinCEN) findings in connection with Banca Privada d’Andorra (BPA), a private banking institution in the Principality of Andorra.