Makati moves tax payment deadline to Jan. 31
Philippine Daily Inquirer - 2018-01-22
To let residents and establishments in Makati City pay their taxes without penalties, the local government has extended until the end of the month the deadline for payment of business and realty taxes. Mayor Abby Binay said on Saturday that the deadline ...

Consumer group files 2nd petition vs Train at Supreme Court
Philippine Daily Inquirer - 2018-01-22
"The increase and/or imposition of excise taxes on coal, LPG, diesel, and kerosene are clearly violative of the basic principles and inherent limitations on Philippine taxation," the petitioners said. According to them, provisions of the Train Law also ...

POEA warns vs. use of fake documents
Philippine Information Agency - 2018-01-22
MANILA, Jan. 22 - The Philippine Overseas Employment Administration (POEA) renewed its warning against the use of falsified documents to support applications for overseas jobs by Filipino workers. In an advisory, POEA reiterated its concern over reports ...

POEA warns vs. use of fake documents
Philippine Information Agency - 2018-01-22
MANILA, Jan. 22 - The Philippine Overseas Employment Administration (POEA) renewed its warning against the use of falsified documents to support applications for overseas jobs by Filipino workers. In an advisory, POEA reiterated its concern over reports ...

Over 6-M compensation earners to enjoy zero tax starting January
Philippine Information Agency - 2018-01-22
The Bureau of Internal Revenue (BIR) issued on Dec. 28, 2017 an updated withholding tax table reflecting the new PIT provisions under TRAIN. BIR Commissioner Caesar Dulay directed all internal revenue officers to ensure that come Jan. 1, "everyone making ...

House starts Charter amendment
Business Mirror - 2018-01-22
Disagreement over this procedure may be brought before the Supreme Court (SC) for resolution, Alvarez admitted. "Anyone could question it before the Supreme Court. Now let the Supreme Court decide," he said. Last Sunday Rep. Vicente SE.Veloso of the ...

DOLE urged to exempt skilled workers from OFW deployment ban to Kuwait
Business Mirror - 2018-01-22
In Photo: In photo, overseas Filipino workers (OFWs) process their documents at the office of the Philippine Overseas Employment Administration in Mandaluyong City. Local recruitment agencies asked the government to reconsider its ban on the deployment of ...

Tax stamps for alcoholic drinks implemented in 1st quarter -- BIR
Inquirer - 2018-01-22
The Bureau of Internal Revenue will finally implement the long-delayed tax stamps on alcoholic drinks within the first quarter as part of its priority programs to shore up revenues this year. Revenue Memorandum Circular No. 6-2018 issued by Internal ...

To help OFWs
Inquirer Opinion - 2018-01-22
For returning OFWs, the bank can take on the task of financing their reintegration in the local community by providing loans to help them start a small business. This will truly be a big help to the millions of Filipinos working hard abroad. It is our hope ...

Beijing drop in population first for 17 yrs
China Daily - 2018-01-22
She added that Beijing is moving out nonessential functions, including manufacturing, logistics and wholesale markets. Moving such labor-intensive industries to other places has affected the population. According to data from the bureau, among the 21.7 ...

Japan: More entrepreneurs from overseas eyed
Inquirer - 2018-01-22
The government is aiming to extend the status of residence period for foreigners who are preparing to set up businesses in Japan from the current six months to one year in the hope of attracting more foreign entrepreneurs. This specific six-month status of ...

Makati extends business, realty tax deadline
Philippine Information Agency - 2018-01-22
MAKATI CITY, Jan. 22 (PIA) -- The local government will extend the deadline of assessment of business permits without penalty to January 25, and the payment of business and realty taxes to January 31, following the approval by the City Council of City ...

Misconception on PDRs
Inquirer - 2018-01-21
Mercifully, the Court of Appeals or Supreme Court can prevent this from happening. Don't miss out on the latest news and information.

Philippines in good position to enjoy GSP+ with EU
Philstar - 2018-01-21
"The report essentially supports retention of GSP and lauded good progress areas of fighting corruption, labor rights, gender equality, and protection of the environment," Lopez said. "They recognized that we continue to adhere to international ...

Biz groups: Con-con for federalism shift
Philstar - 2018-01-21
Under the draft federal constitution that Leyte Rep. Vicente Veloso - an ally of President Duterte and a former justice of the Court of Appeals - is proposing, the lawmaking powers of the Senate will be removed while its mandate to confirm appointments ...

Ease foreign-ownership limits first, Congress told
Business Mirror - 2018-01-21
[But] they could focus on confirmation of appointed government officials, including in the Judiciary and treaty ratification," added Veloso, a former Court of Appeals associate justice. Veloso also said the 1987 Constitution was very clear and not silent ...

Need for truthfulness and transparency
Inquirer Opinion - 2018-01-20
I could not comprehend why the government would have to withdraw this application ... a community-managed road maintenance program to maintain good road quality while providing local employment opportunities to poor communities; planting of 969,178 ...

China allays 'security threats' fear over entry of Chinese telecom to Philippines
Philstar - 2018-01-20
The acquisition was the country's biggest corporate transaction in nearly three years. The Court of Appeals, in a decision dated October 18, ordered the Philippine Competition Commission to permanently stop its review of the deal and recognize its validity.

TURNING POINT: A Train that Needs Derailing
Mindanews - 2018-01-20
The TRAIN needs to stop or be derailed. (MindaViews is the opinion section of MindaNews. William R. Adan, Ph.D., is retired professor and former chancellor of Mindanao State University at Naawan, Misamis Oriental)

BIR: Annual ITR deadline still April 15, but Q1 returns for self-employed is on May 15.
BusinessWorld Online - 2018-01-19
THE Bureau of Internal Revenue (BIR) on Friday said the deadline of filing for annual tax returns is still on April 15, as the tax reform law only adjusted the schedule for the first quarter tax returns of self-employed individuals and professionals.

DOLE suspends OFW deployment to Kuwait
Rappler - 2018-01-19
MANILA, Philippines - Following the deaths of 7 overseas Filipino workers (OFWs) in Kuwait, Department of Labor and Employment (DOLE) Secretary Silvestre Bello III ordered an OFW deployment ban to the gulf state on Friday, January 19. With Administrative ...

Japanese security expert backs Carpio on Philippine Rise issue
Global Nation - 2018-01-19
TOKYO - Supreme Court (SC) Senior Associate Justice Antonio Carpio was right in insisting that the Philippines should deny China access to the Philippine Rise if Beijing continued to reject a United Nations-backed arbitral court ruling honoring Manila ...

More economic zones needed in Davao City - biz leader
Mindanews - 2018-01-19
Ayala Business Center, Filandia IT Center, The Annex-SM City Davao IT Center, Damosa IT Park, and Matina IT Park. A PEZA-accredited area enjoys fiscal (income tax holidays for four to six years) and non-fiscal incentives. Non-fiscal incentives include ...

Tax package 2 to serve as catalyst for equities
Philstar - 2018-01-19
He said these incentives totaling P301.22 billion do not yet include exemptions from the payment of local business taxes and the estimates on tax leakages. In terms of income tax incentives, the government, in effect, gave away P61.33 billion to companies ...

Cha-cha hits snag; SC ruling needed
Philippine Daily Inquirer - 2018-01-19
But for Speaker Pantaleon Alvarez, all is not lost. He said the disagreement between the two chambers of Congress should be taken to the Supreme Court for resolution. Lacson filed a resolution on Monday calling on the Senate to sit as a Con-ass and ...

BIR tax take up 13% to P1.78 trillion, but misses 2017 goal
Philippine Daily Inquirer - 2018-01-18
"Under the Oplan Kandado program, 125 business establishments were closed, with a collection of P252.14 million for various violations of the Tax Code including gross understatement of gross sales/receipts, noncompliance with the Value-Added Tax ...

Rules on mineral, auto cigarette tax hikes out
Inquirer - 2018-01-18
The Bureau of Internal Revenue has issued the guidelines for the increase in the excise taxes on minerals, cigarettes, vehicles, and in the documentary stamp tax rates under the Tax Reform for Acceleration and Inclusion (TRAIN) act. The four revenue ...

Spielberg explains why he rushed to make Streep-Hanks starrer
Inquirer Entertainment - 2018-01-18
Protest marches increased tenfold after The New York Times and The Washington Post revealed the Pentagon Papers, then the Supreme Court cleared them to continue publishing. I think it brought the [Vietnam War] to a quicker end. The point is about character.

Dole considering P500 monthly subsidy for minimum wage earners
Philippine Daily Inquirer - 2018-01-18
The Department of Labor and Employment (Dole) is considering the proposal of the Associated Labor Unions-Trade Union Congress of Philippines (ALU-TUCP) to provide minimum wage earners P500 in monthly subsidy, according to Labor Secretary Silvestre Bello III.

3rd party to do telecom sector study
Inquirer - 2018-01-18
The Philippine Competition Commission (PCC) is tapping an independent body to conduct a study on the telecommunication industry. In a briefing, PCC commissioners said the study would take a closer look into the entire industry value chain and the impact of ...

Competition body zeroes in on 10 sectors in study
BusinessWorld Online - 2018-01-17
Commissioner Johannes Benjamin R. Bernabe clarified that the market study for the telco sector is a "separate exercise distinct from the review" of the acquisition by PLDT, Inc. and Globe Telecom, Inc. of telecommunication assets owned by San Miguel ...

Govt to look into antitrust practices of 9 priority sectors
Business Mirror - 2018-01-17
Among the nine, Quimbo zeroed in on the telecom industry, which had the PCC engaged in a legal dispute with Globe Telecom Inc. and PLDT Inc. The PCC asked the Supreme Court last April to stop Globe and PLDT from completing its acquisition of San Miguel ...

Effects of SC ruling on electricity retail access and open competition
BusinessWorld Online - 2018-01-17
"The real bosses, in the capitalist system of market economy, are the consumers... The entrepreneur profits to the extent he has succeeded in serving the consumers better than other people have done." Geographical monopolies in electricity distribution ...

Fraud-proof excise-tax stamp program seen completed soon
Business Mirror - 2018-01-17
"I think the BIR [Bureau of Internal Revenue] is still reviewing it. They target [the rollout] in the first quarter," Tionko said. The BIR is responsible for the collection of excise tax on cigarettes and alcoholic beverages. According to Finance ...

Sweet tax for health
Business Mirror - 2018-01-17
THE Comprehensive Tax Reform Program (CTRP) under this current administration is one of the major amendments in the Philippine Tax Code since the ... of the government in passing the law, which is for health and wellness, reducing the victims of obesity ...

DTI survey shows consumer prices remain stable
Inquirer - 2018-01-17
In a statement on Monday, The Associated Labor Unions-Trade Union Congress of the Philippines criticized Lopez for "giving vain lip service" against profiteering.

SC cannot touch House-Senate voting on Cha-cha -- Puno
Philippine Daily Inquirer - 2018-01-17
The issue of whether Congress should vote jointly or separately on Charter change (Cha-Cha) could not be raised to the Supreme Court as it is "beyond its jurisdiction," former Chief Justice Reynato Puno told a Senate hearing on Wednesday. At a joint ...

SEC defends order to shut down Rappler; ready to face courts
Philippine Daily Inquirer - 2018-01-16
The Securities and Exchange Commission (SEC) on Tuesday said it was ready to defend in the Court of Appeals its order revoking the registration of Rappler Inc. for its "deceptive ... media outlets like ABS-CBN and GMA 7 have issued PDRs to foreign ...

Reyes objects to Ombudsman rearrest plea
Philippine Daily Inquirer - 2018-01-16
The former governor walked out of detention on Jan. 5 after the Court of Appeals issued its controversial decision throwing out the finding of probable cause against him. This prompted the Ombudsman to seek the cancellation of his bail before the ...

Creation of 8th town in Sarangani gets House committee nod
Mindanews - 2018-01-16
Compared to the town center of Malungon, which is situated amid rolling hills, she said the village has vast plains that could host various business ventures. The Sarangani provincial board had also backed the proposed creation of the Malandag municipality ...

Salary increases for soldiers, police, but not for teachers, government employees
Bulatlat - 2018-01-16
As soon as 2017 started, Secretary Benjamin Diokno of the Department of Budget and Management (DBM ... the government claims that it needs a lot of technical studies. But when the increase is for military and police personnel, their only bases are the ...

Lexology - 2018-01-16
U.S. courts presiding over cases involving social media posts must decide the very fact-intensive legal questions of trademark and copyright infringement and whether any fair use defenses apply. In the trademark context, the fair use inquiry seeks to ...

New hearings on coco levy fund set
Inquirer - 2018-01-15
The Sandiganbayan has ordered a new round of hearings on the Coconut Industry Investment Fund (CIIF), known as coco levy funds, 14 years after the Supreme Court ruled that the funds were owned by coconut farmers. In a 19-page resolution dated last Dec. 29 ...

Farmer, labor groups air fears on tax-reform implementation
Business Mirror - 2018-01-15
In Photo: A family shops at a Makati supermarket over the weekend. Consumers are starting to worry about the possible effect of the Tax Reform for Acceleration and Inclusion law on the prices of fuel and, consequently, basic commodities. Aside from ...

PSA to conduct four key economic surveys in 2018
Business Mirror - 2018-01-15
Aquino III in 2013. It is the surviving entity after the merger of four statistical agencies--the National Statistical Coordination Board, Department of Agriculture Bureau of Agriculture Statistics and the Bureau of Labor and Employment Statistics of the ...

PILONs and tax - all change
Lexology - 2018-01-15
However, it if it ended on 7 April 2018 the full amount will be taxable. There is still an exemption for Foreign Service as a seafarer but we do not propose to cover this. These changes are complicated. If you fails to withhold the correct amount of PAYE ...

The budget is the policy
Inquirer Opinion - 2018-01-14
And indeed we must honor their sacrifice, and agree that for too long they were grossly underpaid, which led to such anomalies as bribe-taking (and demanding) and serving on the side as bodyguards for big business folk and politicians. We can only hope ...

Lawmakers need time to study proposed changes to 1987 Constitution, shift to federal form of government
Business Mirror - 2018-01-14
Corazon N. NuƱez-Malanyaon of the First District of Negros Oriental is handling the provisions on the Executive-Legislative (Articles VI and VII); New article on Federal and Regional Powers, Number of States; and Local Government and Taxation/Allocation ...

Palawan held up as model for fishing in Negros-Cebu strait
BusinessWorld Online - 2018-01-14
NON-GOVERNMENTAL organization Oceana Philippines is pushing for the monitoring of all commercial fishing vessels in the provinces along the TaƱon Strait Protected Seascape (TSPS), covering the body of water between Negros and Cebu islands. Oceana ...

A response to Prof. Hilbay
BusinessWorld Online - 2018-01-14
"There are not a few comrades doing inspection work, as well, as guerrilla leaders and cadres newly in office, who like to make political pronouncements the moment they arrive at a place and who strut about, criticizing this and condemning that when they ...

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