philippines - Tax & Revenue

Duterte will ‘definitely’ Order Oil Excise Tax Suspension

MANILA, Oct 15 (PNA) - Malacañang on Monday confirmed that President Rodrigo R. Duterte will soon order the temporary suspension of the second tranche of excise tax on fuel, but has yet to decide whether it will heed a senator's suggestion to suspend it "now or sooner."
Date: 15 October 2018; Type: Industry Updates; Source: Philippine News Agency

Duterte to announce Oil Excise Tax Hike Suspension

MANILA, Oct 14 (PNA) - President Rodrigo R. Duterte is set to announce his decision on the temporary suspension of the scheduled oil excise tax hike for 2019, as price of oil in the international market is projected to remain at USD80 per barrel level in the coming months.
Date: 14 October 2018; Type: Legal News; Source: Philippine News Agency

Two Bills raising Excise Taxes on Alcohol up for Consolidation

Former President and now House Speaker Gloria Macapagal-Arroyo on Tuesday attended the meeting of the House Committee on Ways and Means chaired by Rep. Estrellita Suansing (1st District, Nueva Ecija), which approved the creation of a Technical Working Group (TWG) that will consolidate two bills seeking to raise and restructure the excise tax on alc ...
Date: 02 October 2018; Type: Legal News; Source: House of Representatives

Tax Exemption for Small-Scale Gold Miners hurdles House

MANILA, Oct 8 (PNA) - The House of Representatives on Monday approved on final reading a measure exempting small-scale gold miners from paying income and excise taxes.
Date: 08 October 2018; Type: Legal News; Source: Philippine News Agency

House Panel okays Mining Tax Reform

MANILA, Oct 8 (PNA) - The House of Representatives ways and means committee on Monday approved a substitute bill, which aims to establish the fiscal regime for the mining industry.
Date: 08 October 2018; Type: Legal News; Source: Philippine News Agency

Excise Tax on Oil to be invested in Social Services

MANILA, Oct 8 (PNA) - Despite the call to suspend the excise tax on petroleum products under the Tax Reform for Acceleration and Inclusion (TRAIN) law, economic managers will continue to implement the policy, Trade Secretary Ramon Lopez said Monday.
Date: 08 October 2018; Type: Legal News; Source: Philippine News Agency

Technogas Philippines Manufacturing Corporation v Commissioner of Internal Revenue

Date: 04 October 2018; Court: Court of Tax Appeals; Citation: CTA Case No. 9509; Source: Court of Tax Appeals

Top Draw Animation Inc v Commissioner of Internal Revenue

Date: 04 October 2018; Court: Court of Tax Appeals; Citation: CTA Case No. 8863; Source: Court of Tax Appeals

AIG Shared Services Corporation (Philippines) v Commissioner of Internal Revenue

Date: 04 October 2018; Court: Court of Tax Appeals; Citation: CTA Case Nos. 8615 & 8647; Source: Court of Tax Appeals

Avon Products Manufacturing Inc v The Commissioner of Internal Revenue

Date: 02 October 2018; Court: Court of Tax Appeals; Citation: CTA EB No. 1598; Source: Court of Tax Appeals

McKinsey & Co (Phils) v Commissioner of Internal Revenue and Another Appeal

Date: 02 October 2018; Court: Court of Tax Appeals; Citation: CTA EB Nos. 1588 & 1592; Source: Court of Tax Appeals

Cebu Air Inc v Commissioner of Internal Revenue

Date: 27 September 2018; Court: Court of Tax Appeals; Citation: CTA Case No. 9106; Source: Court of Tax Appeals

House okays Tax Exemption for Small-Scale Gold Miners on Second Reading

MANILA, Oct 4 (PNA) - The House of Representatives on Wednesday approved on second reading a measure exempting small-scale gold miners from paying excise taxes.
Date: 04 October 2018; Type: Legal News; Source: Philippine News Agency

Sarangani extends Realty Tax Amnesty Program until Year End

GENERAL SANTOS CITY, Oct 3 (PNA)  The provincial government of Sarangani has extended until yearend its tax amnesty program for real properties with tax delinquencies.
Date: 03 October 2018; Type: Industry Updates; Source: Philippine News Agency

Commissioner of Internal Revenue v Asian Transmission Corporation

Date: 24 September 2018; Court: Court of Tax Appeals; Citation: CTA EB No. 1519; Source: Court of Tax Appeals

People of the Philippines v Corazon C Gernale

Date: 26 September 2018; Court: Court of Tax Appeals; Citation: CTA Crim Case No. O-336; Source: Court of Tax Appeals

People of the Philippines v Benedicto P Caguimbal

Date: 26 September 2018; Court: Court of Tax Appeals; Citation: CTA Crim Case Nos. O-546 & O-547; Source: Court of Tax Appeals

Max’s Sta Mesa Inc v Commissioner of Internal Revenue

Date: 28 September 2018; Court: Court of Tax Appeals; Citation: CTA Case No. 8786; Source: Court of Tax Appeals

Trans-Asia Oil and Energy Development Corp v Commissioner of Internal Revenue

Date: 28 September 2018; Court: Court of Tax Appeals; Citation: CTA Case No. 9078; Source: Court of Tax Appeals

Ayala Land International Sales Inc v Commissioner of Internal Revenue

Date: 28 September 2018; Court: Court of Tax Appeals; Citation: CTA Case No. 9262; Source: Court of Tax Appeals

INDUSTRY UPDATES

Duterte will ‘definitely’ Order Oil Excise Tax Suspension

MANILA, Oct 15 (PNA) - Malacañang on Monday confirmed that President Rodrigo R. Duterte will soon order the temporary suspension of the second tranche of excise tax on fuel, but has yet to decide whether it will heed a senator's suggestion to suspend it "now or sooner."

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INDUSTRY UPDATES

Indonesia's proposal on Tuna Labeling approved by Asean Ministers

Jakarta, Oct 15 (ANTARA News) - Indonesia`s proposal on the ASEAN Tuna Eco-Labeling (ATEL) policy has been approved and endorsed at the ASEAN Ministers of Agriculture and Forestry (AMAF) meeting in Hanoi, Vietnam.

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INDUSTRY UPDATES

IMF-WB - Indonesia to use OECD Recommendations to set up Policies

Nusa Dua, Bali, Oct 14 (ANTARA News) - Indonesia will use a recommendation on tourism development from the OECD (Organization for Economic Cooperation Development) as one of the references in setting up policies.

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INDUSTRY UPDATES

Deterrent Punishment must be imposed if Death Sentence to be abolished - AADK

BANGI, Oct 15 (Bernama) - The National Anti-Drug Agency (AADK) urged the government to decide on appropriate punishment for drug offences, if the mandatory death sentence to be abolished, says its director-general Datuk Seri Zulkifli Abdullah.

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INDUSTRY UPDATES

Parliament building declared Smoke-Free Zone

PUTRAJAYA Oct 15 - Smoking-designated corners inside the Parliament building have been declared as smoke-free zones, effective today, said Health Minister Datuk Seri Dr Dzulkefly Ahmad.

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INDUSTRY UPDATES

Launch of Professional Mobility Framework, Social and Sustainability Bond Standards

The ASEAN Capital Markets Forum (ACMF) met in Singapore and launched two key initiatives to drive a more connected and sustainable ASEAN capital market. These initiatives complement the measures introduced by the ACMF on collective investment schemes, corporate governance, disclosure standards and capacity building.

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INDUSTRY UPDATES

IPOS Assistant Chief Executive speaks at INTA Asia-Pacific Conference

Assistant Chief Executive Mr Ng Kok Wan spoke at the International Trademark Association (INTA) Asia-Pacific Conference 2018, which took place on 11 Oct in Sydney, Australia.

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INDUSTRY UPDATES

Total Abolition of the Death Penalty - The Right Time to Do the Right Thing, says Bar

The Malaysian Bar has wholeheartedly welcomed the decision of the Malaysian Cabinet to totally abolish the death penalty in Malaysia. "We commend the Minister in the Prime Minister’s Department (Law), Datuk Liew Vui Keong, for making the announcement on 10 October 2018, which coincided with the 16th World Day Against the Death Penalty. We look forward to seeing the legislation being tabled and passed by both houses of Parliament in the Parliamentary session that begins on 15 October", said the President of the Malaysian Bar, Mr. George Varughese.

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INDUSTRY UPDATES

Singapore and Indonesia sign Bilateral Investment Treaty to promote Stronger Economic Ties

Singapore and Indonesia signed an Agreement on the Promotion and Protection of Investments, also known as the Bilateral Investment Treaty (BIT), at the Singapore-Indonesia Leaders’ Retreat in Bali, Indonesia, today. Minister for Trade and Industry Chan Chun Sing, who is attending the Leaders’ Retreat as part of the Singapore delegation, signed the agreement with Indonesian Minister for Foreign Affairs Retno Marsudi. The signing was witnessed by Prime Minister Lee Hsien Loong and Indonesian President Joko Widodo.

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INDUSTRY UPDATES

New EODB Law to impact 2020 doing Business Survey

Department of Trade and Industry (DTI) Undersecretary Rowel S. Barba said on 10 October that the new Ease of Doing Business (EODB) Act can significantly affect the country’s rankings in the upcoming 2020 Doing Business (DB) Survey if government agencies strictly implement the law.

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INDUSTRY UPDATES

SC advocates Sustainable Investing at InvestSmart Fest 2018

InvestSmart® Fest 2018, an investor education initiative by the Securities Commission Malaysia (SC), was officiated by Yang Berhormat Syed Saddiq Syed Abdul Rahman, Minister of Youth and Sports Malaysia at the Kuala Lumpur Convention Centre today.

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INDUSTRY UPDATES

Singapore needs to regain Edge in Legal Tech, says Chief Justice

Chief Justice Sundaresh Menon has urged the Singapore Academy of Law to strive to get the legal profession to step up in the area of legal technology, and help the country regain its status as the world leader.

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INDUSTRY UPDATES

EC clarifies New Election Law to Press Members

BANGKOK, Oct 12 (NNT) - The Election Commission (EC) has clarified the new election law to press members.

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INDUSTRY UPDATES

NLA approves Committee to vet Election Commission Candidates

BANGKOK, Oct 12 (NNT) - The National Legislative Assembly (NLA) has approved the establishment of a committee to vet the two Election Commission candidates.

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INDUSTRY UPDATES

369,148 Ordinance Violators apprehended in Metro Manila: NCRPO

MANILA, Oct 12 (PNA) - Close to 370,000 persons in Metro Manila were apprehended for violation of local ordinances since June this year.

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INDUSTRY UPDATES

Indonesia, Japan sign MoC on Law and Human Right

Jakarta, Oct 14 (ANTARA News) - The governments of Indonesia and Japan have signed a Memorandum of Cooperation in Law and Human Right, the Indonesian embassy in Tokyo said in a statement received here on Saturday.

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INDUSTRY UPDATES

Indonesia, Thailand Ombudsmen sign Memorandum of Understanding

Jakarta, Oct 13 (ANTARA News) - The Chairman of Ombudsman Commission of the Republic of Indonesia, Prof. Amzulian Rifai, and the Chairman of the Royal Thai Ombudsman signed a Memorandum of Understanding (MoU) on cooperation between the Indonesian Ombudsman and the Royal Thai Ombudsman in Bangkok, Thailand, on Oct 10.

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INDUSTRY UPDATES

ASEAN Secretariat seeks to improve Engagement with Private Sector

Jakarta, Oct 12 (ANTARA News) - The ASEAN Secretariat held the First ASEAN Economic Community Dialogue recently to seek a more proactive two-way communication with the private sector on matters related to the ASEAN Economic Community.

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