Need help doing your taxes? Free virtual tax clinics available for simple tax returns during COVID-19

Credit to Author: Canadian Immigrant| Date: Wed, 20 May 2020 20:16:25 +0000

This year’s tax filing deadline was extended from April 30 to June 1, 2020 due to the situation with the COVID-19 pandemic. Unless you are self-employed or filing under a special category all tax returns are due by this day. It is important that you file your taxes to get the benefits and credits you’re […]

Read more

Local tax payment deadlines extended

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Fri, 01 May 2020 16:50:34 +0000

The Department of Finance (DoF) has extended the deadlines for the payment of taxes, fees and charges imposed by local government units (LGUs) to June 25. In a statement on Friday, the Finance department said the extension was issued under Department Circular 002-2020, pursuant to Section 4 (z) of Republic Act (RA) 11469, or the […]

Read more

A primer on changes to 2019 tax returns

Credit to Author: Canadian Immigrant| Date: Wed, 19 Feb 2020 20:36:24 +0000

A new tax season is upon us. Let’s warm up this winter with a primer on the changes to the tax return. The T1 tax return has a new look The Canada Revenue Agency (CRA) has reworked the tax return. More specifically, the line numbers that were 3 or 4 digits are now 5 digits, […]

Read more

Gov’t condones realty taxes, penalties of power plants

Credit to Author: racosta| Date: Fri, 16 Aug 2019 21:15:47 +0000

Duterte says Palace won't declare martial law in Negros Oriental

President Duterte has reduced and condoned the real property taxes and penalties assessed on power generation facilities of some independent power producers (IPPs). Executive Order No. 88, signed by the President, covers the power generating facilities of IPPs under build-operate-transfer (BOT) contracts with government-owned and-controlled corporations (GOCCs). The EO, released by the Palace on Friday, […]

The post Gov’t condones realty taxes, penalties of power plants appeared first on Inquirer News.

Read more

Gov’t may lose P1B in taxes a year from horse racing

Credit to Author: besguerra| Date: Mon, 12 Aug 2019 21:00:16 +0000

The sport of kings is flourishing today in most parts of Asia, especially in Japan, Hong Kong, Singapore, South Korea, Macau and Malaysia. But here in the Philippines, the reverse is happening as 2017 racing sales (P7.378 billion) dived in 2018 (P5.556 billion), for a P1.822 billion decrease in all three racetracks.

The post Gov’t may lose P1B in taxes a year from horse racing appeared first on Inquirer News.

Read more

American paradox: Deficit widens even as economy grows

Credit to Author: jespinosa| Date: Sun, 16 Jun 2019 03:10:20 +0000

American paradox: Deficit widens even as economy grows

President Donald Trump likes to take credit for the US economy, with historic low unemployment and few signs of rising prices, but his promises that surging growth would pay for massive tax cuts are falling flat.

The post American paradox: Deficit widens even as economy grows appeared first on Inquirer News.

Read more

BIR to Pogo firms: Pay P4.4-B unpaid taxes of Chinese workers

Credit to Author: clopez| Date: Fri, 24 May 2019 21:34:53 +0000

The Bureau of Internal Revenue (BIR) on Friday ordered Philippine offshore gaming operators (Pogo) to pay the P3.4 billion

The post BIR to Pogo firms: Pay P4.4-B unpaid taxes of Chinese workers appeared first on Inquirer News.

Read more