THE call and contact center industry has asked the government to “re-think” a proposal to eliminate an income tax holiday as this would erode the country’s standing as the world’s call center capital.
Jan 282015
BusinessWorld Online: Economy
Jan 282015
PALO, LEYTE — The Bureau of Internal Revenue (BIR) is likely to hit its P6.45-billion collection target for the Eastern Visayas region this year as post-Yolanda rehabilitation projects helped spur a recovery, an official said.
Jan 282015
AS THE title implies, this week’s article is all about the reminders for the upcoming filing deadlines which culminate in the corporate income tax filing deadline on April 15 (at least for taxpayers operating on a calendar year basis).
Jan 272015
RAISING excise taxes on fuel is one measure being studied to compensate for any lost revenue that will result from proposals to trim income taxes, a Finance undersecretary said.
Jan 272015
THE CIVIL Service Commission (CSC) said 258 government offices were rated “excellent” while 39 others received failing marks in a 2014 frontline services survey meant to gauge the progress made by state agencies in doing away with red tape.
Jan 272015
A REVIEW of the law governing the power sector has stalled as the Energy department has yet to make known its position on the measure.
Jan 262015
CONSUMER CONFIDENCE in the Philippines improved in the last three months of 2014, research firm Nielsen said on Monday, with the survey’s results putting Filipinos among the world’s most confident consumers.
Jan 262015
THE POWER Sector Assets and Liabilities Management Corp. (PSALM) is seeking suppliers for P1.66 billion worth of diesel that will be used to fuel the 1,200-megawatt (MW) Ilijan power plant in Batangas during the dry season.
Jan 262015
VISITORS to the Philippines come for the beautiful islands, tropical weather, and exotic cuisine. It therefore comes as no surprise to find foreigners all over the Philippines. But they’re not all lounging by hotel pools — many of them are prowling the central business districts wearing suits, supervising projects in the red-hot business process outsourcing sector, among other industries currently attracting investment. Only a few startling statistics are necessary to demonstrate that quite a number of them are here for business. One is the fact that the tiny British Virgin Islands — a favored address for registering investment vehicles — topped all sources of foreign investment in the 2013-2014 fiscal year. Another is that only 528, or 20%, of all companies registered with the Philippine Economic Zone Authority (PEZA) are wholly Filipino-owned, indicating that the remainder have at least some foreign ownership.
Jan 252015
THE BUREAU of Customs (BoC) could lose at least P40 billion this year in collections and miss its target in 2015 as world oil prices continue to slump, Commissioner John Phillip P. Sevilla said last week.