Senate swiftly approves P40.17-B judiciary budget
Philippine Daily Inquirer - 3 months ago
MANILA, Philippines -- It only took less than a minute for the Senate to approve the proposed P40.17 billion budget of the judiciary for 2020. Not a single question was raised when finance ...

Palace: Pogos can be taxed
Philippine Daily Inquirer - 3 months ago
"For Pogos that are domestic corporations, they are covered by Section 23 (E), Chapter 2 of the National Internal Revenue Code (NIRC) and their income shall be subjected to Philippine taxes ...

DOLE issues IRR of Service Charge Law
BusinessMirror - 3 months ago
THE Department of Labor and Employment (DOLE) finally signed on Tuesday the much awaited Implementing Rules and Regulation (IRR) of Republic Act 11360, or the Service Charge Law (SCL). A copy of the department order obtained by the BusinessMirror indicated that the IRR will apply to all hotels, restaurants and other similar establishments ...

Palace: POGOs should pay taxes - 3 months ago
MANILA, Philippines -- Malaca├▒ang said Tuesday that online casinos in the country should be taxed, adding that the Duterte administration will not be stopped from collecting what is due to the government. The Bureau of Internal Revenue has already been going after Internet-based gambling companies, locally known as POGOs for Philippine ...

Neda backs Pogo tax to shore up govt revenues
Philippine Daily Inquirer - 3 months ago
MANILA, Philippines-The state planning agency National Economic and Development Authority (Neda) is backing up moves in Congress to institutionalize taxation on Philippine offshore gaming operators (Pogos). On the sidelines of the Eighth Monitoring and Evaluation Forum Tuesday, Socioeconomic Planning Secretary Ernesto M. Pernia said Neda was ...

Palace refutes OSG, says Duterte admin can still tax POGOs
CNN Philippines - 3 months ago
Metro Manila (CNN Philippines, November 19) -- Malaca├▒ang refuted on Tuesday the recent claim of the Office of the Solicitor General (OSG) that the Philippine Offshore Gaming Operators (POGO) could not be subject to tax for profits earned from bets on their facilities. In a statement, Presidential Spokesperson and Chief Presidential Legal ...

Palace backs DOF: Pogos can be taxed in PH
Philippine Daily Inquirer - 3 months ago
MANILA, Philippines - Malaca├▒ang on Tuesday backed the Department of Finance (DOF) on its position that online casinos or Philippine Offshore Gaming Operations (Pogos) should be taxed. Presidential spokesperson Salvador Panelo issued the statement a day after Solicitor General Jose Calida said Pogos could not be taxed by the Philippine ...

OWWA scholar from Tuguegarao City is Top 9 in geology board exam
Philippine Information Agency - 3 months ago
TUGUEGARAO CITY, Cagayan, Nov. 19 ( PIA ) - A cum laude graduate of the University of the Philippines Diliman who is a proud Overseas Workers Welfare Administration (OWWA) scholar landed 9th place in the recently concluded Geology Board exam. Jamie Mary ...

BI warns Filipinos vs dubious job offers on internet, social media
Philippine Daily Inquirer - 3 months ago
MANILA, Philippines -- The Bureau of Immigration (BI) on Monday reiterated its warning to Filipinos wanting to work abroad against unscrupulous persons using the internet and social media to recruit overseas workers. BI Commissioner Jaime Morente issued the warning after several human trafficking and illegal recruitment victims recruited by ...

Rice hoarding probed
Philippine Daily Inquirer - 3 months ago
The Department of Finance (DOF) is investigating if unscrupulous rice traders have been taking advantage of the liberalized import regime as the price gap between palay and retail rice prices has ...

Lawmakers invoke House rule so that bill tweaking tax structure on miners can sail
BusinessMirror - 3 months ago
CITING a need to have a "rational" tax structure imposed on miners, lawmakers invoked a rule allowing for a one-day hearing to tweak a proposal for taxes applied on mining operations. This was what Albay Rep. Jos├ę Mar├şa Clemente Salceda said after the House Committee on Ways and Means approved on Monday House Bill 5022, which seeks to ...

Immigration warns vs. illegal recruiters using social media
BusinessMirror - 3 months ago
The situation has become so dire that the Bureau of Immigration (BI) was prompted to warn job seekers against unscrupulous persons using the Internet and social media to recruit overseas workers. BI Commissioner Jaime Morente issued the warning after learning that many human trafficking victims intercepted at the Ninoy Aquino International ...

Government turns to labor sector to see more Pinoys get bank accounts
BusinessMirror - 3 months ago
THE government is turning its sights on the labor sector to meet its goal of having 70 percent of Filipino adults to have a bank or other transactional account by 2023. During the Financial Inclusion Forum on Monday, Bangko Sentral ng Pilipinas (BSP) Center for Learning and Inclusion Advocacy Managing Director Pia Roman Tayag told the ...

House panel OKs franchise, income tax on Pogo
BusinessMirror - 3 months ago
Under the bill, the term "offshore gaming licensee" shall refer to the offshore gaming operator, duly licensed and authorized to provide offshore gaming services, which may be: A Philippine-based operator, a duly constituted business enterprise organized in the Philippines and offshore-based operator, a duly constituted business enterprise ...

Pogos are taxable
BusinessMirror - 3 months ago
Everybody cannot help but notice the sudden influx of Chinese nationals in the country. My barber is happy since his business is doing good. He has more hair to trim. Condominium owners are enjoying an easy return of their investments. They are paid in cash for a one-year rent. Resort owners encourage their staff to learn mandarin because more ...

Robinsons Malls to host QC Business Centers
BusinessWorld - 3 months ago
The QC Business Center in Robinsons Novaliches will offer the following services: assessment of current real property tax (RPT) and collection of RPT, business tax, individual and corporate community taxes. In Robinsons Galleria and Robinsons Magnolia, the satellite offices will offer various services to include collection of RPT and business ...

The two instances when Pasig Mayor Vico Sotto took the side of his constituents against big companies
InterAksyon - 3 months ago
"From the start, I have made it clear to both sides: as the local government, we cannot interfere with the labor issues at hand, as this is under the jurisdiction of the Department of Labor and Employment. However, when my constituents are being deprived of liberty as they fight for their rights as workers, I cannot sit around and do nothing ...

Armed marshal service for judiciary members sought
Journal - 3 months ago
Ba├▒ez was the second RTC judge murdered this year, after the May 9 killing of Sindangan, Zamboanga del Norte RTC Branch 11 Judge Reymar Lacaya ... The marshals shall: ┬ĚUndergo training at the Philippine Public Safety College; ┬ĚPossess suitable firearms for the proper protection of court officers and properties; ┬ĚServe as "peace officers ...

DOF counters OSG on Pogos: They can be taxed in PH
Philippine Daily Inquirer - 3 months ago
The Department of Finance (DOF) on Monday, Nov. 18, countered an opinion by the Office of the Solicitor General (OSG) saying online casinos, or Philippine Offshore Gaming Operations (Pogos), cannot be taxed by the Philippine government. Finance Secretary Carlos Dominguez III, in a message to reporters through Viber, said Pogos must pay ...

Farmers may incur losses of ?140B by yearend due to rice imports, group says
CNN Philippines - 3 months ago
Metro Manila (CNN Philippines, November 18) -- Farmers could lose over a hundred billion pesos worth of profits this year due to the effects of the Rice Tariffication Law, a group said Monday. The Federation of Free Farmers (FFF) said losses they expect to incur may reach ?140 billion by the end of 2019. "This is more than ten times the ...

House panel OKs bill for tax on Pogo and its workers
Philippine Daily Inquirer - 3 months ago
which would set a five percent franchise tax on Pogos and another 25 percent tax on the salaries of its workers with a minimum threshold of P600,000 per year. At present, the Philippine Amusement and Gaming Corporation (Pagcor) only collects two percent from the gross winnings of licensed Pogos. "This will raise P45 billion for the national ...

Villanueva: POGOs must pay taxes like any foreign business
Philippine Daily Inquirer - 3 months ago
"Our chief tax assessor and collector, the Bureau of Internal Revenue, has already begun clamping down on tax-dodging Pogo firms," Villanueva said. These companies must settle their obligations and duties to our government, just like any other business entity running their operations here in our country," he added.

House panel approves bill setting 5% tax on POGOs
CNN Philippines - 3 months ago
Metro Manila (CNN Philippines, November 18) -- A bill setting a uniform 5 percent franchise tax on Philippine Offshore Gaming Operators (POGOs) has been approved by a House of Representatives panel. On Monday, the House Committee on Ways and Means approved a measure proposed by its chairman Albay 2nd District Representative Joey Salceda that ...

Bill Gates tops Jeff Bezos as richest person in the world
CNN Philippines - 3 months ago
(CNN) -- Bill Gates is back on top. On Friday, Gates surpassed Amazon CEO Jeff Bezos to reclaim the distinction of richest person in the world, with a net worth of $110 billion, according to the Bloomberg Billionaires Index. It's the first time the co-founder of Microsoft has held the top spot in over two years. He briefly topped Bezos last ...

TESDA-8 promotes Dual Training System thru school-industry partnerships
Gov - 3 months ago
A representative from the Bureau of Internal Revenue also shared to the participants about the benefits of the said partnership aside from the support they will extend to the trainees. For Secretary Isidro Lape├▒a, TESDA scholarship programs should focus ...

Philip Morris may launch iQos heated tobacco line in PH by first half of 2020
Philippine Daily Inquirer - 3 months ago
As this developed, Philip Morris Fortune Tobacco Corp. (PMFTC) president Denis Gorkun said in a press briefing that he would like to see a level of taxation on the innovative smokeless product that is "proportionate to the risk" that it brings to users. "It is clear multiple government agencies around the world, including the United ...

Vico steps into labor row, backs workers against firm
Philippine Daily Inquirer - 3 months ago
"These people are not criminals; they do not have the goal of hurting you," Sotto said. "You can continue with the labor dispute without sending the poor and powerless to jail. I condemn the misuse of your privileged position to suppress the rights of your protesting workers." He himself acknowledged the unprecedented nature of ...

PMFTC to launch IQOS by June next year, bats for government regulation
BusinessMirror - 3 months ago
Still, Gorkun is hopeful the tax increase will be gradual so as not to discourage people from making the shift from smoking cigarettes to using smoke-free products. "Taxation is nothing new. Taxation has to be taken with a gradual approach. The key is to make sure that the tax increases are in line with GDP goals and inflation," he said.

Philip Morris to launch IQOS in Philippines next year - 3 months ago
MANILA, Philippines -- Cigarette manufacturer Philip Morris Fortune Tobacco Corp. (PMFTC) is eyeing to launch its heat-not-burn tobacco device, IQOS, in the Philippines as early as the first half of next year even as it faces the possibility of a higher tax environment for electronic cigarette products. In an interview on the sidelines of the ...

Land reclamation: Bane or boon?
BusinessMirror - 3 months ago
This came after DENR officials issued statements promising to stop a multibillion land-reclamation project being pushed by local officials of Bacoor City for the establishment of its would-be central business district along Manila Bay. The Bacoor land-reclamation project covers a total of 420 hectares. It will displace around 100 hectares of ...

Solon calls on health, port authorities to implement protocols vs the Black Death plague
Davao Today - 3 months ago
A total of 3.12 million Chinese citizens entered the country from January 2016 to May 2018, based on data from the Bureau of Immigration. This means over a hundred thousand Chinese nationals enter the country every month or almost four thousand daily.

Interview: U.S. intellectual property law expert calls for more exchanges with China
Xinhua - 3 months ago
SAN FRANCISCO, Nov. 16 (Xinhua) -- The United States and China should expand exchanges and collaboration in the field of intellectual property (IP) law, said a U.S. IP law expert. "It's important for practical reasons (to expand exchanges) because there are so many interactions between the United States and China, and many have some connection ...

2,500 police deployed as temple at the center of gender dispute in India opens its doors
CNN Philippines - 3 months ago
For centuries, women aged 10 to 50 were not allowed to enter the Sabarimala Temple. But in September last year, the country's Supreme Court overturned the ban, and in January, women entered the temple for the first time, defying opposition from religious conservatives. But that decision is now in question, after the Supreme Court agreed ...

SC sending Congress draft bill on marshals
Philippine Daily Inquirer - 3 months ago
A bill drafted by the Supreme Court for a Philippine Marshal Service will be sent to Congress on Monday, according to Court Administrator Midas Marquez. The draft bill goes beyond the primary objective of providing protection to judges--amid the spate of killings targeting members of the judiciary--as it also proposes broad powers for the ...

Why my best friends are my best critics
Philippine Daily Inquirer - 3 months ago
He has exaggerated my role, as I stated elsewhere. He has spoken for the Supreme Court on various subjects beyond my limited range--including mathematics, the latest advances in science and technology, economics, accounting and even canon law. In a deeper ...

If an athlete wins in the SEA Games, how much money will they get -- and is it taxable?
SPIN - 3 months ago
Continue reading below ? This tax break is covered in RA 7549, or 'An Act Exempting All Prizes and Awards Gained From Local and International Sports Tournaments and Competitions from the Payment of Income and Other Forms of Taxation'. Whether they win or not, a national athlete can always score several benefits, as long as they're registered ...

36 Japanese arrested for voice phishing scam
Philippine Daily Inquirer - 3 months ago
The Bureau of Immigration (BI) arrested in Makati City 36 Japanese who were allegedly behind a telecommunications scam that defrauded their compatriots of an estimated 2 billion yen (P934 million). Immigration Commissioner Jaime Morente said they were out to arrest 20-year-old Nobuki Oshita and 33-year-old Yusuke Kiya, who are both wanted for ...

Understanding real property taxation
Philippine Daily Inquirer - 3 months ago
and shall assess the property for taxation in accordance with the Local Government Code. Meanwhile, all persons acquiring real property or making improvements therein shall prepare and file with ...

House measure seeks automatic employment allocation for elderly
BusinessMirror - 3 months ago
The measure will also encourage the private sector to hire senior citizens because they shall be entitled to an additional tax deduction from their gross income, equivalent to 70 percent of the total amount paid as wages to senior citizens subject to compliance or the pertinent provisions of the Internal Revenue Code. Despite the various ...

Mother-daughter meme warns Pinoys vs illegal recruiters
Philippine Daily Inquirer - 3 months ago
MANILA, Philippines - The Philippine Embassy in Iraq on Friday became creative by using a "mother-daughter" internet meme to caution Filipinos against illegal recruiters abroad. In a Facebook post, the embassy posted a meme that features a cartoon mother who became puzzled after her daughter went home early. "Anak, Bakit bumalik ka?

36 Japanese nationals arrested in Makati for telecom fraud
CNN Philippines - 3 months ago
Metro Manila (CNN Philippines, November 15) -- The Bureau of Immigration is set to deport 36 Japanese nationals who were caught engaging in voice phishing operations in Makati City. The BI in a statement on Friday said the foreigners were arrested in a hotel on Wednesday. Authorities conducted the raid targeting fugitives Nobuki Oshita ...

36 Japanese nationals linked to telco scam arrested
Philippine Daily Inquirer - 3 months ago
MANILA, Philippines - Thirty-six Japanese nationals involved in a telecommunications scam were arrested in Makati City, the Bureau of Immigration (BI) reported Friday. BI Commissioner Jaime Morente said the Japanese nationals were arrested in a hotel in Makati City last Wednesday after receiving information from Japanese authorities that a ...

Trump wants Supreme Court to block subpoena for his taxes
Philippine Daily Inquirer - 3 months ago
A three-judge panel of the 2nd U.S. Circuit Court of Appeals in New York ruled last week that the tax returns can be turned over to New York prosecutors. The appellate judges emphasized the ...

Explain summons to traffic enforcers, SC tells judge
Philippine Daily Inquirer - 3 months ago
The Supreme Court, through court administrator Midas Marquez, has asked a Cabanatuan City judge to explain his summons to two Baguio City traffic enforcers who confiscated his car license plate for illegal parking last month. Judge Nelson Lago of the CabanatuanMunicipal Trial Court Branch III "was requested" to comment on news reports that ...

B.I. deports 312 Chinese caught in telco scam
BusinessMirror - 3 months ago
Some of the 300 foreign nationals deported by Philippine authorities are seen at the NAIA 1 tarmac prior to boarding a China Eastern flight on Thursday (Nov. 14) night. THE Bureau of Immigration ...

DBM releases P3.542 trillion of 2019 budget
BusinessMirror - 3 months ago
Automatic appropriations are those programmed annually or for some other period prescribed by law. Automatic appropriations comprise 100 percent of the fiscal year 2019 program for the Internal Revenue Allotment of local government units (P575.521 billion), Pension of Ex-President/Ex-President Widows (P480,000), Special Account in the General ...

DOF sees no need to amend rice tariff law - 3 months ago
MANILA, Philippines -- The government will not repeal nor suspend the implementation of the Rice Tariffication Law, as measures are already being implemented to address the challenges posed by the law to rice farmers, according to the Department of Finance (DOF). While emphasizing the benefits of Republic Act 11203 or the Rice Liberalization ...

DOLE postpones release of Service Charge IRR law to confer with DOT
BusinessMirror - 3 months ago
The Department of Labor and Employment (DOLE) again postponed the release of the Implementing Rules and Regulation (IRR) of the Service Charge Law, this time to consult the Department of Tourism (DOT). In a text message, Labor Secretary Silvestre H. Bello III told BusinessMirror he opted to conduct more consultations for the new IRR.

Phoenix Petroleum backs Palace bid to plug tax leaks
BusinessMirror - 3 months ago
DAVAO CITY--Independent oil producer Phoenix Petroleum Philippines Inc. (PPPI) expressed full support to the move of Malaca├▒ang to plug tax leakages, including a crackdown on noncompliant players, to improve further a fair corporate practice in the country. In a statement disclosing its income and revenue position as of November, PPPI Chief ...

Senate unlikely to pass bill creating OFW department this year
BusinessMirror - 3 months ago
Overseas Filipino workers (OFWs) process their documents at the office of the Philippine Overseas Employment Administration in Mandaluyong City. Senator Aquilino "Koko" Pimentel III said the proposed bill creating a new department for overseas Filipino workers (OFWs) is unlikely to be passed within the year due to lack of time. "

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