INFRASTRUCTURE spending jumped by close to 30% in May compared with a year earlier, data from the Department of Budget and Management (DBM) showed.
Jul 222015
Jul 222015
THE BUREAU of Internal Revenue (BIR) is seeking to expand electronic filing to account for a quarter of total returns by the end of the year.
Jul 222015
Since the issuance of Revenue Regulations No. 12-2013, withholding the correct taxes has become a matter of paramount importance. Under the regulations, failure to withhold the proper tax would result in the disallowance of the related expenses or deductions for income tax purposes, even if the withholding tax is paid in the course of a tax audit. Consequently, in a deficiency withholding tax assessment, the withholding agent would be liable for the deficiency income tax on top of the assessed withholding tax. Effectively, the withholding agent would be liable for 30+x% in basic taxes, where “x” is equivalent to the withholding tax rate on the transaction, plus applicable penalties (surcharge and interest) for non-withholding or under-withholding of taxes. Such is the “double whammy” that withholding agents may face if they are unable to dutifully comply with withholding tax rules.
Jul 222015
Angelu de Leon explains why she often posts Bible verses and inspirational quotes.
Jul 222015
Daniel Matsunaga adds, “My plan is really stay here forever and have a family and do my own business and everything here.”
Jul 222015
Melissa Ricks’s vlog will be on parenting and “everything under the sun.”
Jul 222015
Georgina Wilson talks about “real friendship.”
Jul 212015
ILOILO CITY — The local government of Antique wants the Panian open-cut coal mine of Semirara Mining and Power Corp. (SMPC) closed, claiming that the area is already “over-mined”.
Jul 212015
THE PHILIPPINE Statistics Authority said it estimated tourism to have accounted for 7.8% of gross domestic Product (GDP) in 2014, quantifying the sector’s impact at P982.4 billion, up 14% year on year.
Jul 212015
DAVAO CITY — More than halfway into the implementation of the three-month fishing ban in the Davao Gulf which started in June, compliance has been 100% with no violators caught so far, according to the Bureau of Fisheries and Aquatic Resources in Region 11 (BFAR-11).