History comes in cycles; what goes around, comes around. In India, existence is thought to follow a sequence of life-death-rebirth, and history is told in terms of Yugas or the four stages in each cycle of history. In China, both imperial dynasties and family fortunes are seen to rise and fall repeatedly, much like the rising and setting of the sun and moon.
THE FINANCE department expects headline inflation to increase in the near term but the indicator will remain within the government’s targeted range, amid rising energy prices after oil-exporting countries cut production.
THE FINANCE department expects headline inflation to increase in the near term but the indicator will remain within the government’s targeted range, amid rising energy prices after oil-exporting countries cut production.
A PROPOSAL to exempt the Bureau of Internal Revenue (BIR) from the Salary Standardization Law to help address the agency’s underperformance against revenue targets has been filed in the House of Representatives.
THE Supreme Court (SC) has struck down a number of rules currently enforced by the Bureau of Internal revenue, paving the way for minimum wage earners (MWEs) to enjoy tax exemptions under Republic Act No. 9504.
THE Bureau of Internal Revenue (BIR) said its collection target is within reach this year if it wins an exemption from government salary rules, which it is counting on to help attract higher-quality staff.
THE Chamber of Mines of the Philippines (CoMP) said it hopes to present its case against the confirmation of Department of Environment and Natural Resources (DENR) Secretary-designate Regina Paz L. Lopez before the Commission on Appointments.
February 14, Valentine’s Day. To some of us, it’s the most romantic day of the year. Others dread it. But to Philippine Economic Zone Authority (PEZA)-registered entities, it’s a mere 14 days before the submission of its latest requirement. PEZA doesn’t like playing Cupid as its Enterprise Operations Department (EOD) recently issued EOD Advisory No. 2017-001-A, reminding all PEZA-registered entities to strictly adhere to their respective PEZA registration and supplemental agreements or valid letters of approval or authority (LOAs). The advisory also states that they should only engage in their PEZA-registered activities, which shall be undertaken within the confines of the PEZA zone. So no love outside the zone.
FINANCE Secretary Carlos G. Dominguez III said calls to improve tax administration in lieu of new taxes will not yield sufficient gains to fund the government’s aggressive spending program as the revenue-generating bureaus were already close to hitting their targets in 2016.
THE PLANNED P74.56-billion Ninoy Aquino International Airport (NAIA) Development Project, a public-private partnership (PPP) initiative, is on hold for now as Transportation authorities consolidate proposals in order to make airport decongestion efforts more coherent.