BUREAU of Internal Revenue Commissioner Caesar R. Dulay’s first order of businesson Friday was to immediately suspend most tax audits on private taxpayers, indefinitely.
Jul 012016
BusinessWorld Online: Economy
Jul 012016
NEW Agriculture Secretary Emmanuel F. Piñol said that the rice industry has the potential to become a net exporter amid rising global demand for the staple, and will push his regional subordinates to achieve rice-self-sufficiency in two years.
Jul 012016
THE Power Sector Assets and Liabilities Management Corp. (PSALM) on Thursday turned over the 32-megawatt power barge 104 to its new owner SPC Power Corp., which won the floating generating station in a bidding held in April.
Jun 302016
THE pipeline of mine projects expected to be operational by 2019 is expected to attract over $20 billion worth of investment in 10 years beginning 2016, according to the Chamber of Mines of the Philippines.
Jun 302016
THE Bureau of Internal Revenue (BIR) may have been active in running after tax evaders, but it failed to secure a single conviction within the six-year term of Commissioner Kim S. Jacinto-Henares.
Jun 302016
A MEASURE seeking to adjust the individual income tax brackets to inflation was filed yesterday at the House of Representatives, as part of legislation to be decided by the 17th Congress.
Jun 282016
THE United Kingdom’s referendum result backing exit from the European Union (EU) will have a “neglible” effect on the Philippines because of minimal exposure and strong macroeconomic fundamentals, outgoing Socioeconomic Planning Secretary Emmanuel F. Esguerra said Tuesday.
Jun 272016
THE DEPARTMENT of Energy (DoE) and big coal consumers have downplayed the possible impact of the Indonesian ban on coal shipments to the Philippines, saying the country’s power sector sources its supply through big vessels bearing flags of different nationalities.
Jun 272016
DAVAO CITY — The incoming administration of President-elect Rodrigo R. Duterte will implement interventions on agriculture for the country’s 10 poorest provinces.
Jun 272016
With few days before BIR Commissioner Kim Henares steps down, one can expect the surge of last-minute revenue circulars, orders and issuances from the Bureau of Internal Revenue (BIR). Just recently, two revenue orders were issued laying down the guidelines and procedures in the conduct of investigation on the financial capacity of parties to acquire properties.