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Tax exemption cap to be raised, but not this year

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Senator Ralph Recto. INQUIRER file photo

The Senate is expected to approve on final reading by next month the bill raising the tax exemption cap for bonuses, even as finance officials are appealing that approval of the measure be delayed so it would take effect beginning in 2015.

Posted: November 21st, 2014 in Latest Business Stories | Read More »

BIR files cases vs 3 Manila firms, Agusan del Sur gold trader for P75M tax deficiency

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bir building

The Bureau of Internal Revenue (BIR) filed on Thursday, separate tax evasion charges at the Department of Justice against traders based in Manila and Agusan del Sur for allegedly failing to pay more than P75 million in taxes.

Posted: November 6th, 2014 in Latest Business Stories | Read More »

SC urged to stop Mactan airport rehab

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A group of businessmen asked the Supreme Court on Monday to stop a private consortium from undertaking the multibillion-peso expansion and rehabilitation project for the Mactan-Cebu International Airport (MCIA) that the Department of Transportation and Communications awarded last April. FILE PHOTO

A group of businessmen asked the Supreme Court on Monday to stop a private consortium from undertaking the multibillion-peso expansion and rehabilitation project for the Mactan-Cebu International Airport (MCIA) that the Department of Transportation and Communications awarded last April.

Posted: November 4th, 2014 in Editor's Pick,Featured Gallery,Headlines | Read More »

SC orders BMW dealer to refund buyer

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The Supreme Court  building PHOTO BY NIÑO JESUS ORBETA

The Supreme Court has affirmed and declared final a 2006 decision by the Department of Trade and Industry (DTI) that found a car dealer liable for the defects of a “brand-new” BMW that a business executive had bought for about P3.4 million in 2003.

Posted: October 24th, 2014 in Latest Business Stories | Read More »

Inhibition of Sereno in mining case sought

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Chief Justice Ma. Lourdes Sereno: Inhibition sought. INQUIRER FILE PHOTO

A Filipino-owned mining company has sought the inhibition of Chief Justice Ma. Lourdes Sereno from participating in a case pending before the Supreme Court seeking the reversal of a Court of Appeals decision that stopped three mining firms from operating in the country for allegedly violating the constitutional provision limiting foreign ownership in mining companies to 40 percent.

Posted: October 3rd, 2014 in Latest Business Stories | Read More »

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