Sin tax collections up 80 pct in October

MANILA, Nov 30 (Mabuhay) – Sin tax collections grew by 80 percent to P14.5 billion in October, the Bureau of Internal Revenue (BIR) said. BIR said the significant growth came as cigarette manufacturers began front-loading their removals ahead of another increase in excise tax...

Gigi Reyes wants sequential list of prosecution witnesses

MANILA (Mabuhay) – Jessica Lucila “Gigi” Reyes is asking the Sandiganbayan to direct the Office of the Special Prosecutor to submit the sequential list of the prosecution witnesses on or before the end of November. Jessica Lucila “Gigi” Reyes, along with Janet Lim-Napoles, Ronald...

Aquino hails women’s contribution to economy, public sector

MANILA (Mabuhay) – Count President Benigno Aquino III as among the men who are in awe of Filipino women’s strength and capabilities. During the Asia Pacific Economic Cooperation’s (APEC’s) Women and the Economy fora in Manila on Thursday, Aquino hailed women leaders in government...

Palace sticking with status quo, not proposing income tax cut

MANILA (Mabuhay) – Amid public clamor to simplify the country’s tax system to ease the burden of taxpayers, Malacañang on Saturday said the government will not lower income tax rates, but added that it will not also increase the mandatory 12 percent value-added tax (VAT) on goods...

Aquino: BIR collections for 2015 poised to hit new record high

MANILA (Mabuhay) – The Bureau of Internal Revenue (BIR) is poised to set a new record high in collections this year, President Benigno Aquino III said Monday as he commended the agency for sustaining an uptrend in revenue-gathering. In a speech commemorating the bureau’s 111th...

Aquino: Justice must be served against corruption

MANILA, July 27 (Mabuhay) – President Benigno Aquino III said Monday that the country will only be able to move on from corruption allegations against erring officials only after justice has been achieved. “May nagsabi na bang sorry sa ginawang katiwalian? Makaka-move on lang...

‘Sin tax’ cuts cigarette smoking in PHL: tax chief

Manila, Philippines (AFP) – A “sin tax” on cigarettes has sharply cut smoking in the Philippines while also boosting government revenues, the internal revenue chief said Monday. The number of cigarette packs put on store shelves by retailers fell by nearly a third between 2012...

Pacquiao pays BIR $3.72-M in back taxes

Boxing hero Manny Pacquiao, who faces his biggest fight against unbeaten American Floyd Mayweather, already holds top spot as the number one taxpayer in the Philippines, government records showed Saturday. A list of top individual tax-payers for 2013, posted on the Bureau of...

Pacquiao pays BIR $3.7-M in taxes

Manila, Philippines, APF – Boxing hero Manny Pacquiao, who faces his biggest fight against unbeaten American Floyd Mayweather, already holds top spot as the number one taxpayer in the Philippines, government records showed Saturday. A list of top individual tax-payers for 2013,...

BIR to Pacquiao: Properly pay taxes in Mayweather bout

MANILA (Mabuhay) – The Bureau of Internal Revenue (BIR) expects Sarangani Rep. and boxing icon Manny Pacquiao to have learned from his tax battle with the bureau, and accurately settle and report his taxes in connection with his much anticipated bout with Floyd Mayweather, Jr. in...