philippines - Tax & Revenue

SC affirms junking of Tax Raps vs Mikey Arroyo

MANILA, Dec 5 (PNA) - The Supreme Court (SC) upheld the dismissal of tax cases filed against former party-list representative Juan Miguel M. Arroyo.
Date: 05 December 2018; Type: Legal News; Source: Philippine News Agency

SC affirms BIR's Higher Tax Rates on Non-life Insurers

MANILA, Dec 4 (PNA) - The Supreme Court (SC) upheld the legality of the Bureau of Internal Revenue's (BIR) move to impose higher tax rates on non-life insurance companies compared to life insurance firms.
Date: 04 December 2018; Type: Legal News; Source: Philippine News Agency

Tax Reform Package Four OK'd on Final Reading at House

MANILA, Dec 3 (PNA) - The Duterte administration's fourth Comprehensive Tax Reform Program (CTRP) primarily intended to fix taxation in the financial and capital markets hurdled third and final reading at the House of Representatives.
Date: 03 December 2018; Type: Legal News; Source: Philippine News Agency

Bills on Higher Tobacco, Alcohol Taxes get Final House Nod

MANILA, Dec 3 (PNA) - The House of Representatives on Monday night approved on third and final reading two measures seeking to raise the excise taxes on alcohol and tobacco products to significantly curb consumption of both sin products and increase funding for the government's Universal Health Care (UHC) program.
Date: 03 December 2018; Type: Legal News; Source: Philippine News Agency

Commissioner of Internal Revenue v PPI Prime Venture Inc

Date: 23 November 2018; Court: Court of Tax Appeals; Citation: CTA EB No. 1666; Source: Court of Tax Appeals

ABS-CBN Film Productions Inc v The Commissioner of Internal Revenue

Date: 23 November 2018; Court: Court of Tax Appeals; Citation: CTA Case No. 9283; Source: Court of Tax Appeals

Tobacco Tax Hike breezes through Second Reading in House

MANILA, Nov 28 (PNA) - The House of Representatives on Wednesday approved on second reading a measure seeking to increase the excise taxes on tobacco products.
Date: 28 November 2018; Type: Legal News; Source: Philippine News Agency

Gardens By Sanders Inc (GBSI) v Commissioner of Internal Revenue

Date: 27 November 2018; Court: Court of Tax Appeals; Citation: CTA Case No. 9342; Source: Court of Tax Appeals

House Panel moves for higher Cigarette Taxes

MANILA, Nov 27 (PNA) - The House of Representatives’ ways and means committee on Tuesday approved a measure seeking to increase the excise taxes on tobacco products.
Date: 27 November 2018; Type: Legal News; Source: Philippine News Agency

Bill on higher Alcohol Taxes gains Traction in House

MANILA, Nov 26 (PNA) - A measure seeking to raise the excise tax on alcohol products hurdled second reading at the House of Representatives.
Date: 26 November 2018; Type: Legal News; Source: Philippine News Agency

Securities Transfer Services Inc v Commissioner of Internal Revenue

Date: 19 November 2018; Court: Court of Tax Appeals; Citation: CTA EB No. 1633; Source: Court of Tax Appeals

Organizational Change Consultants International Center for Learning Inc v Commissioner of Internal Revenue

Date: 19 November 2018; Court: Court of Tax Appeals; Citation: CTA EB No. 1679; Source: Court of Tax Appeals

Commissioner of Internal Revenue v Herbalife International Philippines Inc and Another Appeal

Date: 15 November 2018; Court: Court of Tax Appeals; Citation: CTA EB Nos. 1612 & 1631; Source: Court of Tax Appeals

Commissioner of Internal Revenue v Priscila J Cruz and Another, and Another Appeal

Date: 13 November 2018; Court: Court of Tax Appeals; Citation: CTA EB Nos. 1646 & 1650; Source: Court of Tax Appeals

Commissioner of Internal Revenue v Dohle Shipmanagement Phils Corp

Date: 13 November 2018; Court: Court of Tax Appeals; Citation: CTA EB No. 1582; Source: Court of Tax Appeals

Hedcor Sabangan Inc v Commissioner of Internal Revenue

Date: 20 November 2018; Court: Court of Tax Appeals; Citation: CTA Case No. 9276; Source: Court of Tax Appeals

House approves Tax Amnesty Bill on Final Reading

MANILA, Nov 20 (PNA) - The House of Representatives on Tuesday approved on final reading the proposed tax amnesty program to boost the government's revenue administration and collection. Voting 213-7, the Lower House passed on third reading House Bill 8554, which seeks to grant amnesty on all unpaid impositions levied by government for taxable ...
Date: 20 November 2018; Type: Legal News; Source: Philippine News Agency

Commissioner of Internal Revenue v Dominium Realty & Construction Corporation

Date: 13 November 2018; Court: Court of Tax Appeals; Citation: CTA EB No. 1713; Source: Court of Tax Appeals

Senate approves Tax Amnesty Bill

MANILA, Nov 19 (PNA) - A one-time opportunity to settle tax obligations that would include estate taxes, general taxes and delinquent accounts will soon be granted to those who have failed to pay for taxable year 2017 and prior years.
Date: 19 November 2018; Type: Legal News; Source: Philippine News Agency

Bill granting Amnesty on Unpaid Revenue Taxes Hurdles Second Reading

The House of Representatives approved on second reading House Bill 8554 which seeks to enhance revenue administration and collection by granting amnesty on all unpaid internal revenue taxes imposed by the national government for taxable year 2017 and prior years.
Date: 15 November 2018; Type: Legal News; Source: House of Representatives

INDUSTRY UPDATES

MITI, MIDA, Intel hold IoT Forum to review Progress

KUALA LUMPUR, Dec 12 (Bernama) - The Ministry of International Trade and Industry (MITI), Malaysian Investment Development Authority (MIDA) and Intel Malaysia conducted the Internet of Things (IoT) Malaysia Forum 2018 yesterday to review IoT’s progress since its introduction five years ago.

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Unions request Government to set Workers’ Minimum Wage

Unions have asked the government to set the minimum wage for the construction and service sectors and to solve the five other major problems facing them, a statement released on International Human Rights Day on Monday said.

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INDUSTRY UPDATES

Dewan Rakyat adjourns, Reform Agenda implemented - Speaker

KUALA LUMPUR, Dec 11 (Bernama) - The reform agenda of the Parliament was implemented at the second meeting of the first term of the 14th Parliament which came to a close today after sitting for 30 days since Oct 15.

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INDUSTRY UPDATES

Court proposes Mediation in Theresa Kok's Suit against Jamal

KUALA LUMPUR, Dec 11 (Bernama) - The High Court today proposed that Primary Industries Minister Teresa Kok who filed a libel suit against Datuk Seri Jamal Md Yunos over alleged misuse of Yayasan Warisan Anak Selangor (Yawas) funds, resolve the case via mediation.

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Vietnam, Laos boost Judicial Cooperation

Hanoi, Dec 10 (VNA) - Vietnamese Minister of Justice Le Thanh Long and his Lao counterpart Xaysi Santivong agreed to work closely together to launch a bilateral cooperation programme for 2019, during their talks in Hanoi on December 10.

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INDUSTRY UPDATES

Nation marks Constitution Day

BANGKOK, 10th December 2018 (NNT) - Today marks National Constitution Day, observing the importance of the administrative document and celebrating its 20 incarnations throughout the democratic history of Thailand.

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Court has Final Say on Trillanes' Travel Abroad: DOJ

MANILA, Dec 10 (PNA) - Justice Secretary Menardo Guevarra on Monday said the Bureau of Immigration (BI) will not prevent Senator Antonio Trillanes IV from traveling abroad if no travel ban is handed down by the courts against him.

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Government concerned about Readiness of SMEs to adopt Industry 4.0

KUALA LUMPUR, Dec 10 (Bernama) - The Government is concerned about the readiness of local industries, particularly Small and Medium Enterprises (SMEs), to adopt Industry 4.0.

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Memorandum of Understanding between Bank Negara Malaysia and Dubai Financial Services Authority

On 28 November 2018, Bank Negara Malaysia (BNM) and Dubai Financial Services Authority (DFSA) had signed a Memorandum of Understanding (MoU) on supervisory cooperation for effective supervision of banking and insurance/ takaful/ reinsurance institutions operating in both countries.

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DFA holds first ever Gender and Development Assembly

MAKATI, Dec 6- As part of the Department of Foreign Affairs’ (DFA) programs to continually mainstreaming gender and development (GAD) policies in its programs and activities, it hosted the agency’s first ever Gender and Development (GAD) Assembly at the Makati Diamond Residences on 06 to 08 November 2018.

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INDUSTRY UPDATES

Vietnam, Cambodia PMs attend Business Forum

Vietnam and Cambodia could make their two-way trade value at US$7-8 billion by 2020 as they have established sound cooperation across sectors and their governments have regularly taken measures to remove difficulties for businesses, Prime Minister Nguyen Xuan Phuc said.

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Cambodia, Laos set to boost Bilateral Trade

Cambodia and Laos have pledged to boost trade and investment across their border, while trade volume between the two countries last year was just over $27 million, according to the Cambodian Ministry of Commerce.

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INDUSTRY UPDATES

Revenue Department says it does not collect Higher Tax from Online Merchants

BANGKOK, Dec 8 (NNT) - The Revenue Department has insisted that the Revenue Code Amendment Act draft is not intended to make online merchants pay more tax but to analyze the behavior of taxpayers.

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New e-Payment Taxation to facilitate Online Retailers: RD

BANGKOK, Dec 7 (NNT) - The new e-payment taxation is designed to support the growth of electronic transactions and to help online retailers pay the tax more conveniently, said Revenue Department's (RD) Spokesman Pinsai Suraswadi.

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Education minister stresses the Importance of “Rule of Law”

BANGKOK, Dec 8 (NNT) - Education Minister Teerakiat Jareonsettasin has attended a conference with education related officials, stressing the importance of the “rule of law” when introducing policies.

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INDUSTRY UPDATES

Go hails Silay City for Fair implementation of Law

MANILA, Dec 7 (PNA) - Former Special Assistant to the President (SAP) Christopher Lawrence “Bong” Go on Friday commended Silay City for its fair implementation of laws and ordinances even if it resulted in the removal of a tarpaulin bearing his name at the city plaza.

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JBC opens Application for SC, LEB Vacancies

MANILA, Dec 7 (PNA) - The Judicial and Bar Council (JBC) on Friday opened the application for the vacancy in the 15-man Supreme Court (SC).

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INDUSTRY UPDATES

Supreme Court suspends Judge over alleged Graft Case

Jakarta, Dec 8 (ANTARA News) - The Supreme Court has decided to temporarily suspend a Semarang district court judge after the Corruption Eradication Commission (KPK) named him a suspect in a graft case.

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