STRICTISSIMI juris. Of the strictest right or law, exemption from taxation is never favored, never presumed. Tax exemption is always construed against the taxpayer and liberally in favor of the taxing authority. It must be justified with words that are too plain to be mistaken and too conclusive to be misinterpreted.
THE COUNTRY’S external debt declined slightly last year as foreign currencies weakened, Bangko Sentral ng Pilipinas (BSP) data released on Friday showed.
THE PHILIPPINES and the United States have agreed to expand trade ties, the Office of the United States Trade Representative (USTR) said in a statement on Friday.
THE ENERGY Regulatory Commission (ERC) has adjusted generation capacity limits for companies this year to prevent market power abuse in the industry.
THE NATIONAL government’s outstanding debt grew by almost 5% annually as of January as both domestic and external components of its liabilities increased, the Bureau of the Treasury yesterday said.
THE DEPARTMENT of Public Works and Highways (DPWH) has been given approval to proceed with a P3.83-billion disaster risk reduction project in Pampanga Bay, the Department of Budget and Management (DBM) said in a statement yesterday.
THE DEPARTMENT of Transportation and Communications (DoTC) plans to exhibit various public-private partnership (PPP) projects tomorrow to gauge potential investors’ interest in firming up the projects’ designs.
THE EXPORT marketing arm of the Trade department expects on-the-spot sales from this month’s Manila FAME (Furnishings and Apparel Manufacturers’ Exchange) to grow by a quarter from those at the last trade fair in October, an official said on Friday.
AGRARIAN reform beneficiaries (ARBs) of Toboso, Negros Oriental, have received a P1.5-million Agrarian Production Credit Program loan, according to a statement from the Philippine Information Agency on Friday.
THE MAKATI office of the Philippine Statistics Authority (PSA) is inviting information technology product vendors to bid to supply P1.806 million worth in various IT equipment, based on a notice published on Thursday.