INCOMING President Rodrigo R. Duterte’s choice as Agriculture Secretary, Emmanuel F. Piñol, said he will allow private traders to import rice after all, but will impose more rigid safeguards against smuggling.
May 302016
BusinessWorld Online: Economy
May 302016
THE Japan International Cooperation Agency (JICA), in partnership with the Department of Trade and Industry (DTI), will undertake a two-year joint project that will help develop plans to improve the Philippine auto industry, helping it win a place in the global value chain (GVC).
May 302016
We often hear the phrase: “Taxes are the lifeblood of the Government,” as the main reason why collecting them is essential. However, there are instances when this should give way to the taxpayer’s right to claim a tax refund or credit. One such instance is a claim for tax refund or tax credit on input Value-Added Tax (VAT) arising from VAT zero-rated export sales. A taxpayer claiming this type of tax credit or refund must present at least three types of documents, as follows:
May 292016
DAVAO CITY — The business sector in Mindanao is looking forward to the agricultural roadmap that will be drafted by the administration of incoming president Rodrigo R. Duterte, and is hopeful that this will address the longstanding problems of access to financing, more research support, and forging peace with the communist insurgency.
May 292016
INFRASTRUCTURE spending grew by more than half during the first three months of the year as government agencies sought to front-load disbursements for big-ticket public works projects ahead of an election ban and as the state paid higher salaries to government workers.
May 292016
In recent years, the Bureau of Internal Revenue (BIR) has experienced setbacks in many cases where the courts set aside and canceled deficiency tax assessments on the ground that the waiver signed by the taxpayer is invalid. As many taxpayers will know, the waiver — technically, the “Waiver of the Statute of Limitations” — extends the period within which the BIR may issue a deficiency assessment against a taxpayer…
May 262016
INCOMING PRESIDENT Rodrigo R. Duterte pledged on Thursday, to spread economic activity beyond the overpopulated capital of Manila, calling it a “dead” city overrun by shantytowns.
May 262016
PRESIDENT Benigno S. C. Aquino III has signed into law an act that imposes heavy sanctions on the large-scale smuggling of agricultural products.
May 262016
THE FEDERATION of Philippine Industries (FPI) said the incoming Energy secretary should not be influenced by the “conflicting agendas” of industry stakeholders, and needs to stake out a policy vision suited to the country’s development needs.
May 252016
INVESTMENT approvals in April surged, posting more than twice the amount reported during the same period last year, data from the Board of Investments (BoI) said.