Friday, 22 September 2017
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philippines - Tax & Revenue

Cars get Lower Excise Tax on Senate’s TRAIN Version

MANILA - Lower excise tax rates for automobiles were reflected on Tax Reform for Acceleration and Inclusion (TRAIN) bill of the Senate compared to the House of Representative’s version.
Date: 21 September 2017; Type: Tax News; Source: Philippine News Agency

SC orders BIR to refund PSALM P3.81-B VAT

MANILA - The Supreme Court (SC) on Wednesday ruled in favor of the petition of the Power Sector Assets and Liabilities Management Corporation (PSALM) seeking to reverse a Court of Appeals (CA) ruling that declared null and void its petition for value added tax (VAT) refund against the Bureau of Internal Revenue (BIR).
Date: 20 September 2017; Type: Legal News; Source: Philippine News Agency

Government adopts Single Platform for Trading Requirements

A high-level committee chaired by the secretary of the Department of Finance (DOF) has agreed to adopt a government-built online platform for traders as the vehicle for the country’s National Single Window (NSW), which aims to facilitate trade, heighten transparency in customs procedures and improve revenue collection.
Date: 18 September 2017; Type: Legal News; Source: Department of Finance

Edison (Bataan) Cogeneration Corporation v Commissioner of Internal Revenue and Another Appeal

Date: 30 August 2017; Court: Supreme Court of The Philippines; Citation: GR No. 201665 & 201668; Source: Supreme Court

Unisys Philippines Limited v Commissioner of Internal Revenue

Date: 06 September 2017; Court: Court of Tax Appeals; Citation: CTA EB No. 1450; Source: Court of Tax Appeals

P30B Additional Oil Excise Tax Collections to go to 2018 Social Benefits Programs

The government will implement its biggest social benefits program yet once the proposed Tax Reform for Acceleration and Inclusion Act (TRAIN) is passed by the Congress in full, given that almost P30 billion or 40 percent of incremental revenues from the adjustments in oil excise tax collections estimated at close to P74 billion in 2018 will go to t ...
Date: 11 September 2017; Type: Tax News; Source: Department of Finance

NES Global Talent Limited v Commissioner of Internal Revenue

Date: 06 September 2017; Court: Court of Tax Appeals; Citation: CTA Case No. 9065; Source: Court of Tax Appeals

Qatar Airways Company with Limited Liability v Commissioner of Internal Revenue

Date: 05 September 2017; Court: Court of Tax Appeals; Citation: CTA EB No. 1468; Source: Court of Tax Appeals

Composite Materials Inc v Commissioner of Internal Revenue

Date: 15 August 2017; Court: Court of Tax Appeals; Citation: CTA EB No. 1314; Source: Court of Tax Appeals

Zuellig Pharma Corporation v Commissioner of Internal Revenue

Date: 05 September 2017; Court: Court of Tax Appeals; Citation: CTA Case No. 8801; Source: Court of Tax Appeals

Bangko Sentral Ng Pilipinas v Commissioner of Internal Revenue

Date: 05 September 2017; Court: Court of Tax Appeals; Citation: CTA Case No. 8810; Source: Court of Tax Appeals

Higher Subsidy for Poor sought under Proposed Tax Reform

MANILA - While the Department of Social Welfare and Development (DSWD) supports the plan under the proposed tax reform measure to provide subsidy to 10 million poorest households who will be affected by the rise in excise taxes on fuel and other products, a monthly subsidy of PHP200 is not enough, its chief said Wednesday.
Date: 07 September 2017; Type: Tax News; Source: Philippine News Agency

House Panel eyes New Revenue-Collecting Agency to replace BOC

MANILA - The House of Representatives’ dangerous drugs committee has recommended the passage of a legislation replacing the Bureau of Customs (BOC) with a new revenue-collecting agency “to avoid corruption and increase revenue collection”.
Date: 01 September 2017; Type: Legal News; Source: Philippine News Agency

Commissioner of Internal Revenue v Philippine Aerospace Development Corporation

Date: 23 August 2017; Court: Court of Tax Appeals; Citation: CTA EB No. 1516; Source: Court of Tax Appeals

Fix Cash Transfer Program before Tax Reform Approval - Gatchalian

Senator Win Gatchalian on Wednesday urged the national government to put into place a concrete plan to implement the cash transfer program meant to shield poor Filipinos from the inflationary effects of the proposed tax reform package, which is still pending legislative approval.
Date: 30 August 2017; Type: Tax News; Source: Senate of The Philippines

No Tax Hike in Makati This Year: Binay

MANILA - Makati Mayor Abby Binay on Tuesday assured residents that there will be no increase in taxes collected by the city government this year.
Date: 29 August 2017; Type: Tax News; Source: Philippine News Agency

Too early to say if 'Watered-down' Tax Bill will be vetoed

MANILA - Senator Juan Edgardo Angara on Tuesday said it is too early to say if the proposed tax reform program will be vetoed if the House version of the package would be “watered-down” by the Senate.
Date: 29 August 2017; Type: Tax News; Source: Philippine News Agency

Saturn Holdings Inc v Commissioner of Internal Revenue

Date: 18 August 2017; Court: Court of Tax Appeals; Citation: CTA Case No. 9085; Source: Court of Tax Appeals

Commissioner of Internal Revenue v Hoya Glass Disk Philippines Inc and Another Appeal

Date: 16 August 2017; Court: Court of Tax Appeals; Citation: CTA EB No. 1524 & 1529; Source: Court of Tax Appeals

Arturo E Villanueva, Jr v Commissioner of Internal Revenue

Date: 18 August 2017; Court: Court of Tax Appeals; Citation: CTA Case No. 8935; Source: Court of Tax Appeals

Industry Updates

ASEAN, Dialogue Partners hope for End of Marawi Conflict Soon

MANILA - The ASEAN member states and its dialogue partners are hoping that the more than three-month fighting in Marawi be resolved soon.

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ASEAN Public Relations strengthen Regional Structure

Badung, Bali (ANTARA News) - Public relations and communication are keys to obtain public understanding and participation in order to strengthen the regional organization's position at the global level, Director General of Public Information and Communication at the Ministry of Communications and Information Technology, Rosarita Niken Widiastuti, stated here on Wednesday.

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ASEAN Lawmakers commend Alvarez

The 38th General Assembly of the ASEAN Inter-Parliamentary Assembly (AIPA) concluded Tuesday with delegates commending House Speaker Pantaleon Alvarez for his outstanding performance as president of AIPA.

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Work in all Courts Nationwide suspended Thursday: SC

MANILA - The Supreme Court (SC) announced the suspension of work in all courts nationwide on Thursday, September 21, in connection with President Rodrigo Duterte's declaration of the said date as National Day of Protest.

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Malaysia-Thailand to ink MoU on Security Cooperation

BANGKOK, Sept 20 (Bernama) - There will be closer security cooperation between Malaysia and Thailand with the establishment of a Joint Committee on Security Cooperation, according to a cabinet resolution document released by the Thai government.

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SC asked to order Refund of Excess SMS Fee to Subscribers

MANILA - The Bayan Muna partylist filed a petition before the Supreme Court (SC) seeking to compel the country's major telecommunication companies to give a refund to their subscribers for overpriced text message rates amounting to more than PHP17.7 billion.

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Policymakers urged to study Proposed Shift to Federal System

MANILA - State think-tank Philippine Institute for Development Studies (PIDS) on Tuesday urged policymakers to undertake a comprehensive study of the proposed shift to a federal form of government which could address uneven developments in provinces and regions.

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BSP to continue Payment, Settlement Operations on September 21

MANILA - The Bangko Sentral ng Pilipinas (BSP ) will continue its payments and settlement operations on Thursday despite Malacanang's suspension of works in government offices and schools nationwide for that day.

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Senate urged to view Ethics Complaints with Caution

MANILA - Senate Minority Leader Franklin Drilon on Monday urged his colleagues to view complaints filed before the Senate Ethics Committee with extreme caution as the number of complaints continue to pile up.

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ASEAN enhances Coordination to tackle Cyber Threats

SINGAPORE, Sept 18 (Bernama) - ASEAN member states have agreed on the importance of enhancing coordination to ensure that its cybersecurity efforts across various platforms in countering increasingly sophisticated cyber threats are focused, effective and in synergy with one another.

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Peace, Security and Stability take Center Stage in AIPA discussion

MANILA, Philippines - Lawmakers and delegates at the 38th General Assembly of the ASEAN Inter-Parliamentary Assembly (AIPA) on Saturday discussed intensively the issues and challenges confronting the ASEAN region and the international community.

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CDPI proposes Shift to Federal Parliamentary System

The Centrist Democracy Political Institute (CDPI) on Thursday, September 14, said it is proposing the shift to a federal parliamentary system, adding that Congress should soon start deliberating the amendments in the 1987 Constitution that will pave the way for federalization.

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