BusinessWorld Online: Economy

Apr 072014
 

ATTENTION all taxpayers: you have only seven days left to prepare the calendar year 2013 annual income tax returns (ITRs) before the deadline for filing and payment on April 15. As the deadline draws near, taxpayers should familiarize themselves with the guidelines for the preparation of correct and complete ITR and its proper filing especially since the Bureau of Internal Revenue (BIR) just released new ITR forms.

Apr 022014
 

AN AGREEMENT that will spur further talks on a possible trade arrangement between the Philippines and the four-member European Free Trade Association (EFTA) is expected to be signed in June, a Department of Trade and Industry (DTI) official said. “We’re hoping to sign the Joint Declaration of Cooperation in June in Europe. We are just now refining the declaration,” DTI Undersecretary Adriwan S. Cristobal, Jr. told reporters in a chance interview in Makati City.

Apr 022014
 

IN AN effort to curb incidents of smuggling that have robbed the government of billions of pesos, the Department of Finance recently issued Department Order (DO) No. 12-2014, requiring importers to secure an Importer Clearance Certificate (ICC) from the Bureau of Internal Revenue (BIR) as part of their accreditation process with the Bureau of Customs (BoC).

Mar 312014
 

THE GOVERNMENT and AF Consortium yesterday signed the concession agreement for the P1.72-billion Automated Fare Collection System (AFCS), with a senior cabinet official saying that protests from a losing bidder will no longer be entertained.