In line with the Jan. 20 deadline for the renewal of business registration with local government units (LGUs), it is necessary to know where to pay your local business taxes for 2017. At the LGU of the head office, the branch, sales office, warehouse or the factory?
INFLATION will likely pick up in the near term due to a general rise in goods prices, alongside a recovery in oil prices after oil exporting country agreed to production cuts in crude oil, though conditions will remain generally favorable throughout the year, the Finance department said.
THE GOVERNMENT will be accepting fresh bids for the unbundled regional airports as it pushes ahead with its plan to develop international gateways in the countryside, a top official of the Transportation department said.
(First of three parts)Companies that have filed applications for refunds with the Bureau of Internal Revenue (BIR) can attest that securing an approval of a refund claim for unutilized input Value-Added Tax (VAT) attributable to zero-rated sales is always a challenge. There is a perception that tax refunds, compared to tax assessments, are not prioritized by BIR examiners. It is easy to see why.
THE government risks raising its borrowing costs if a proposed Social Security pension hike goes through without a corresponding increase in contributions, economic managers said.
THE Environment Department is due to release next week new guidelines for the audit of the environmental impact assessment (EIA) process covering projects deemed critical to the environment.
THE Philippine Competition Commission (PCC) said it wants to remove language favoring Filipino nationals in the licensing of contractors, calling the current provisions in Republic Act 4566 anticompetitive.
A SINGAPORE business delegation is hoping to meet with President Rodrigo R. Duterte in February to discuss plans for expanding tourism and introduce more investment in the Philippine retail, transportation, and infrastructure sectors.
THE GOVERNMENT will be pushing for a more comprehensive Extractive Industries Transparency Initiative (EITI) report to ensure companies comply with the law in spending their social development and environmental protection funds.
THE Agriculture Department is pushing for Philippine farms to be fully mechanized with the help of a P900-million loan from the Japan International Cooperation Agency (JICA).