Friday, 24 November 2017
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philippines - Tax & Revenue

Bessang Pass Endowments get Tax Relief

The House committee on ways and means chaired by Rep. Dakila Carlo Cua (Lone District, Quirino) approved the amended tax provision of a bill declaring the historic Bessang Pass Natural Monument (BPNM) in Cervantes, Ilocos Sur a protected area.
Date: 13 November 2017; Type: Tax News; Source: House of Representatives

Donations to eye screening for Kinders to be Tax-Free

The House committee on ways and means chaired by Rep. Dakila Carlo Cua (Lone District, Quirino) has approved a provision of a bill on eye screening for kindergarten pupils that exempts from tax donations to the program.
Date: 10 November 2017; Type: Legal News; Source: Philippine News Agency

Carmen Copper Corporation v Commissioner of Internal Revenue

Date: 03 November 2017; Court: Court of Tax Appeals; Citation: CTA Case No. 8834; Source: Court of Tax Appeals

Bases Conversion and Development Authority v Commissioner of Internal Revenue

Date: 03 November 2017; Court: Court of Tax Appeals; Citation: CTA Case No. 8966; Source: Court of Tax Appeals

Foseco Philippines Inc v Commissioner of Internal Revenue

Date: 03 November 2017; Court: Court of Tax Appeals; Citation: CTA Case No. 8879; Source: Court of Tax Appeals

BOC issues Rules on handling Intercepted Drug Shipments

MANILA, Nov 8 (PNA) - The Bureau of Customs (BOC) on Wednesday issued guidelines on the proper handling of apprehended illegal drugs.
Date: 08 November 2017; Type: Legal News; Source: Philippine News Agency

Commissioner of Internal Revenue v Next Mobile Inc

Date: 23 October 2017; Court: Court of Tax Appeals; Citation: CTA EB No. 1583; Source: Court of Tax Appeals

Commissioner of Internal Revenue v Toenec Philippines Inc

Date: 23 October 2017; Court: Court of Tax Appeals; Citation: CTA EB No. 1520; Source: Court of Tax Appeals

Filminera Resources Corporation v Commissioner of Internal Revenue

Date: 19 October 2017; Court: Court of Tax Appeals; Citation: CTA EB No. 1466; Source: Court of Tax Appeals

PAL settles P6-B unpaid Navigational Dues

MANILA, Nov 3 (PNA) - The Philippine Airlines (PAL) on Friday settled its unpaid air navigational charges worth PHP6 billion to the Civil Aviation Authority of the Philippines (CAAP) and the Manila International Airport Authority (MIAA).
Date: 03 November 2017; Type: Tax News; Source: Philippine News Agency

GE Consumer Finance Inc v Commissioner of Internal Revenue

Date: 25 October 2017; Court: Court of Tax Appeals; Citation: CTA Case No. 9144; Source: Court of Tax Appeals

Capitol Steel Corporation v Commissioner of Internal Revenue

Date: 26 October 2017; Court: Court of Tax Appeals; Citation: CTA Case No. 9240; Source: Court of Tax Appeals

Petron Corporation v Commissioner of Internal Revenue

Date: 26 October 2017; Court: Court of Tax Appeals; Citation: CTA Case No. 9111; Source: Court of Tax Appeals

Commissioner of Internal Revenue v Esper R Vargas Jr

Date: 20 October 2017; Court: Court of Tax Appeals; Citation: CTA EB No. 1470; Source: Court of Tax Appeals

Commissioner of Internal Revenue v ACE/Saatchi & Saatchi Advertising Inc and Another Appeal

Date: 19 October 2017; Court: Court of Tax Appeals; Citation: CTA EB Nos. 1403 & 1409; Source: Court of Tax Appeals

Philippine Airlines Inc v Commissioner of Internal Revenue and Another

Date: 18 October 2017; Court: Court of Tax Appeals; Citation: CTA EB No. 1433; Source: Court of Tax Appeals

Deutsche Knowledge Services Pte Ltd v Commissioner of Internal Revenue and Another Appeal

Date: 18 October 2017; Court: Court of Tax Appeals; Citation: CTA EB Nos. 1376 & 1378; Source: Court of Tax Appeals

Commisioner of Customs v Air Philippines Corporation and Another Appeal

Date: 18 October 2017; Court: Court of Tax Appeals; Citation: CTA EB Nos. 1456 & 1458; Source: Court of Tax Appeals

System Loss to be exempt from VAT

The House of Representatives approved on second reading House Bill 1616 seeking to exempt the system loss charge component in the sale of electricity by distribution companies and electric cooperatives from the coverage of the value added tax (VAT) to lower power rates.
Date: 25 October 2017; Type: Tax News; Source: House of Representatives

Executive Order reviving the Post Clearance Audit Function of the Bureau of Customs and Institutionalizing the Functions of the Department of Finance

Executive Order No. 46
Date: 20 October 2017; Type: Executive Order; Citation: Executive Order No. 46; Source: Official Gazette

Industry Updates

Government winning War against Contractualization - Bello

The labor department is winning the war to eliminate labor-only contacting and other forms of illegal contracting arrangements, Labor Secretary Silvestre Bello III said yesterday.

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Roque is concurrent Presidential Adviser on Human Rights

MANILA, Nov 22 (PNA) - Presidential Spokesperson Harry Roque has been appointed by President Rodrigo Duterte as concurrent Presidential Adviser on Human Rights.

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House to work on Priority Bills during SC Chief Impeach Proceedings

House leaders today assured that Congress will remain focused on passing its remaining legislative priorities for the year and will not be distracted by the hearings of the committee on justice on the determination of probable cause of the impeachment complaint filed against Supreme Court Chief Justice Maria Lourdes Sereno.

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Sereno to snub Impeach Hearings; Lawyers to attend

MANILA, Nov 21 (PNA) - Supreme Court Chief Justice Maria Lourdes Sereno will attend the House Justice Committee's hearing on her impeachment through her legal counsel on Wednesday amid Speaker Pantaleon Alvarez' call to show up and personally face her accusers.

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Online Corporate Registration System launched

MANILA - The Securities and Exchange Commission (SEC) on Tuesday launched a new online system that ensures quick and easy registration of new corporations in a bid to further improve the ease of doing business in the country.

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New ASEAN e-Commerce Framework to benefit More Local MSMEs

KUALA LUMPUR, Nov 21 (Bernama) - The new ASEAN framework on e-commerce, currently being implemented by the ASEAN Coordinating Committee on E-commerce, is expected to open up more opportunities for micro and small and medium enterprises (MSMEs) and facilitate their business expansion in the region.

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New OFB Bank to cover all Overseas Filipinos

Finance Secretary Carlos Dominguez III has welcomed Malacanang’s approval of the acquisition by the Land Bank of the Philippines of the Philippine Postal Savings Bank (PPSB), which, he said, will pave the way for a financial institution that will cater not only to the country’s migrant workers, but to other overseas-based Filipinos as well.

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Juvenile Council helps Child Offenders through Art

MANILA, Nov 20 (PNA) - The Juvenile Justice Welfare Council (JJWC) kicked off its 6th JJWC Week on Sunday through an on-the-spot poster painting contest emphasizing the importance of promoting restorative justice and giving youth offenders who have gone astray a "second chance" to correct their mistakes.

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Self-Regulation, Digital Literacy, Best Ways to counter Fake News

MANILA, Nov 18 (PNA) - Self-regulation and digital literacy are the best antidotes to fake news, according to advocates of freedom of expression in Southeast Asia.

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Sereno Camp insists on CJ's Right to Counsel

MANILA  Nov 17 (PNA) - The camp of Chief Justice Maria Lourdes Sereno on Friday insisted anew that she has the right to have counsel and to cross-examine the witness during the impeachment proceedings against her before the Congress.

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IPOPHL MOU on Intellectual Property with the Russian Federation

President Rodrigo Roa Duterte and Prime Minister Dmitry Medvedev of Russia witnessed the signing of the Memorandum of Understanding (MOU) between the Intellectual Property Office of the Philippines (IPOPHL) and the Federal Service for Intellectual Property of the Russian Federation (Rospatent). The MOU was signed by IPOPHL Director General Josephine R. Santiago and Rospatent Head Grigory P. Ivlev. The MOU serves as the bilateral framework to improve the administration and effectiveness of the intellectual property systems in the Philippines and the Russian Federation. The signing ceremony was held on 13 November 2017 at the Coconut Palace.

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CJ Sereno need not attend Impeach Hearings

MANILA, Nov 17 (PNA) - Supreme Court Chief Justice Maria Lourdes Sereno does not have to accept the invitation to appear before the House Justice Committee's hearing on the impeachment case against her, Albay Rep. Edcel Lagman said.

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