Tax hikes eyed to offset relief for workers, small biz
The finance department says the package would raise 48 billion pesos a year on average and offset revenue losses from tax relief measures.
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Vapes, Liquor, Soft Drinks Face Higher Taxes in Philippines
The Philippines wants to impose higher taxes on products that cause health problems, including soft drinks, e-cigarettes and alcohol, to more than offset losses from President Ferdinand Marcos Jr.’s pro-consumer measures.
Foreign biz groups want stronger tax enforcement
Foreign business groups are urging the government to focus on the enforcement of tax and revenue measures and ensure that new fiscal policies promote competitiveness following President Marcos’ push for reforms in his fifth State of the Nation Address on July 27.
Tax hikes eyed to offset relief for workers, small biz
MANILA, Philippines — The Marcos administration is weighing a series of tax increases—including higher levies on sweetened drinks, tobacco and alcohol, single-use plastics and wealth—to make up for the revenue expected to be lost under President Marcos’ tax relief plan for workers and small businesses. The Department of Finance (DOF) plans to ask Congress to approve […]...Keep on reading: Tax hikes eyed to offset relief for workers, small biz
The travel agencies of the City of Buenos Aires will be able to request the attenuation of the aliquots of withholding and collection of the Gross Income Tax when recording balances in favor of recurring ones, after an agreement reached between the Association of Travel Agencies and Tourism of Buenos Aires (AVIABUE) and the Government Administration of Public Revenues (AGIP). This Monday the entity reported that the understanding was the result …
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