THE DEPARTMENT of Energy (DoE) has endorsed seven solar projects to receive a subsidized rate of P9.68 for each kilowatt-hour (kWh) they feed into the electricity distribution or transmission network while 17 others are to get P8.69 per kWh, ending speculation about the outcome of its installation target for the renewable energy.
DAVAO CITY — The Department of Transportation and Communication (DoTC) is bent on resolving the issues surrounding the P19-billion Sasa Port project in the city within the year.
THE PHILIPPINES has emerged as among the world’s most promising destinations of foreign investments in the next three years, according to the United Nations Conference of Trade and Development (UNCTD).
THE BUREAU of Customs (BoC) has issued operational guidelines granting the Manila North Harbour Port, Inc. (MNHPI) sub-port the status of an international container port.
Most, if not all, individuals and corporate entities alike, have had some experience buying, selling, exchanging, transferring, inheriting or donating real and/or personal property/ies. We are well aware that such transfers of properties are subject to applicable income/capital gains taxes (based either on the selling price or fair market value of the properties transferred or gain realized on the transfer) as well as documentary stamp tax (DST) in the case of transfers of real properties and shares of stock not traded in the stock exchange. In the case of transfers of real or personal properties that are held for sale or lease or are used in the business, the same are also subject to value-added tax (VAT). In addition to these national taxes, the sale or exchange of real properties is subject to applicable transfer taxes payable to the concerned local government unit.
THE PHILIPPINES improved in terms of transparency in the budget process under the Aquino administration, as assessed by the international Public Expenditure and Financial Accountability (PEFA) network, the government said over the weekend.
THE MANILA Electric Co. (Meralco) has obtained provisional authority from the regulator on two interim power supply agreements (IPSA) in light of an expected high electricity demand during months when a contracted plant is on maintenance shutdown.
(Third of 5 parts) In last week’s article, we discussed some of the changes introduced under the new Customs Modernization and Tariff Act (CMTA), particularly the new threshold value of those considered as small value importations, the rules on relief consignments, and personal and household effects (including appliances and durables) brought in by returning residents and Overseas Filipino Workers (OFWs).
THE PHILIPPINES is set to remain among the best-performing economies in the region, with a qualified set of incoming managers seen to step up the already strong fiscal footing laid out by the Aquino administration.
THE BUDGET department has extended the period for local government units (LGUs) to comply with requirements set in order to tap funds allocated under the government’s bottom-up budgeting (BuB) program.