THE GOVERNMENT expects to strike a trade deal with the European Free Trade Association (EFTA) in two years even as negotiations will likely tackle highly sensitive issues such as those being discussed for the Trans-Pacific Partnership (TPP) agreement.
REBATE. Refund. Reimbursement. Money back. Return. These are not just words but music to the ears of any one who spends his hard-earned money, especially to a taxpayer who was advised that there is overpayment in tax remitted to the government which he can get back through a refund or tax credit.
STATE BORROWINGS fell by a fifth in May with both domestic and external liabilities of the government dropping in that month, data from the Bureau of the Treasury showed.
GOVERNMENT incentives under the planned automotive road map will be limited to vehicle assemblers engaged in export of completely built units (CBUs) to other Southeast Asian countries, a Cabinet official said.
WHEN news about fake nongovernment organizations (NGOs) related to the pork barrel scam hit the headlines, other non-stock, nonprofit organizations (NSNPs) attracted the probing eyes of the Bureau of Internal Revenue (BIR). As a result, the BIR issued on June 6, 2014 Revenue Memorandum Circular (RMC) No. 51-2014, which aimed to tighten the interpretation and treatment of tax-exempt NSNPs under Section 30 of the Tax Code.
DAVAO CITY — Mindanao should no longer have to bear with regular brownouts beginning on the second quarter next year with more power sources coming on line, but the Mindanao Power Monitoring Committee (MPMC) warned that the stability of supply will still depend on distribution utilities.
THE TRANSPORTATION department expects to start construction of the planned $6.03-billion North-South Commuter Railway in the third quarter of 2016 if it obtains the National Economic and Development Authority (NEDA) Board approval this quarter, an official said yesterday.
KORONADAL CITY — The Department of Agriculture in Region 12 (DA-12) is pushing front yard landscaping in urban areas using vegetables.
IN ITS EFFORT to decongest the ports of Manila, the government has approved a 90%-discount incentive on docking fees for all vessels that will call on Batangas, and agreed with foreign shipping lines to make Subic Bay ports the temporary depots for containers.
CITIES WERE AGAIN the target of Department of Finance’s (DoF) Tax Watch campaign, with poor revenue administration efforts tagged to have stalled local government units’ (LGU) capacity to raise funds to send more children to public schools.