TRANSPORTATION Secretary Joseph Emilio A. Abaya said that the Department of Budget and Management (DBM) has approved a P56-billion budget for the buyout of Metro Rail Transit Line 3 (MRT-3).
Jan 222014
BusinessWorld Online: Economy
Jan 222014
WHEN the Philippine Transfer Pricing (TP) Guidelines (Revenue Regulations [RR] No. 2-2013) were finally issued in January 2013 (after nearly a decade of waiting), it was generally regarded by many as a welcome addition to the roster of administrative issuances and regulations being implemented by the Bureau of Internal Revenue (BIR), especially by multinational enterprises (MNEs) that deal with numerous related parties (i.e. companies belonging to the same group or common controlled companies) from various jurisdictions around the world.
Jan 212014
THE TOTAL internal revenue allotment (IRA) share of local government units (LGUs) in this year’s P2.265-trillion budget went up by more than a tenth from last year as the state’s revenue collections continued to improve.
Jan 212014
TACLOBAN CITY — City Administrator Tecson John S. Lim said the city government could lose about P370 million in revenues from local taxes this year in the aftermath of typhoon Yolanda (international name: Haiyan).
Jan 212014
WHILE trade in commercial services grew in the third quarter last year, the Philippines remained behind most countries in Southeast Asia, preliminary data from the United Nations Conference on Trade and Development (UNCTAD) showed.
Jan 202014
THE NATIONAL government’s outstanding debt grew by 5.5% annually as of November as the state continued to increase the domestic component of its liabilities, the Bureau of the Treasury said.
Jan 202014
THE COUNTRY has yet to decide whether to hale Thailand back to arbitration for failing to fully comply with a World Trade Organization (WTO) ruling concerning cigarette taxation, a Cabinet official said.
Jan 202014
AS WE usher in the New Year, some of us have set our new year’s resolutions or certain personal rules that we aim to follow throughout the year. Apparently, the Bureau of Internal Revenue (BIR) had a similar idea when it issued a new regulation to be followed by the taxpayers.
Jan 192014
THE LOCAL steel industry expects to grow by as much as 8% this year with reconstruction and rehabilitation activities following super-typhoon Yolanda (international name: Haiyan), an industry official said over the weekend.
Jan 192014
CEBU CITY — The annual Sinulog Festival has kept hotels and other accommodation facilities in Metro Cebu brimming with tourists as of yesterday, but industry players remain wary of difficulties throughout the first quarter.