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Making sense of taxes borne by the self-employed

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The Bureau of Internal Revenue AFP FILE PHOTO

Long before they landed a special mention in P-Noy’s State of the Nation Address (Sona) in 2011 as a sector registering average earnings ridiculously below the minimum wage, the self-employed have always been the apple of the Bureau of Internal Revenue (BIR)’s proverbial eye.

Posted: August 29th, 2014 in Headlines,Latest Business Stories | Read More »

‘Sin’ tax take exceeds target

By
Internal Revenue Commissioner Kim Henares. INQUIRER FILE PHOTO

Total “sin” tax collections from the sale of alcohol and tobacco products were well above target in the first half of the year, providing extra cash to fund the government’s expensive infrastructure and social welfare projects.

Posted: August 22nd, 2014 in Headlines,Latest Business Stories | Read More »

Biz Buzz: Garnished

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Apart from the Disbursement Acceleration Program (DAP)—parts of which were struck down by the Supreme Court—President Aquino’s fiscal and energy managers have another ax to grind with the judiciary, this time on the revenue generation side and one that particularly throws the power industry in a frenzy.

Posted: August 20th, 2014 in Columnists,Inquirer Columns | Read More »

Pacquiaos ask SC to stop tax court

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Manny and Jinkee Pacquiao File Photo by Elton Lugay

World boxing champ and Saranggani Rep. Manny Pacquiao and his wife Jinkee have asked the Supreme Court to stop the Court of Tax Appeals (CTA) from requiring them to deposit a cash bond of P3.29 billion or a surety bond of P4.94 billion as a condition to suspend the collection of their alleged tax deficiencies in 2008 and 2009.

Posted: August 16th, 2014 in Latest Business Stories | Read More »

BIR exceeded collection target in July

By
The Bureau of Internal Revenue AFP FILE PHOTO

“Sheer hard work” drove tax collections in July past the state’s ambitious tax target for the first time this year, Revenue Commissioner Kim Jacinto-Henares said on Thursday.

Posted: August 15th, 2014 in Editor's Pick,Headlines | Read More »

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  • Sports

  • Home court advantage
  • Malacañang says Aquino looking forward to Gilas Pilipinas ‘excellent games’
  • Gabe Norwood puts on show in Fiba World Cup
  • Practicing for Japan
  • Football fan fined after ‘bending it like Beckham’
  • Lifestyle

  • Roll up the mags
  • Dethroned Myanmar beauty queen blasts pageant boss
  • Online petition asks PUVs to reserve seats for the less abled
  • Fila Ducati partners with local motorcycle club to fete distributor
  • National immunization drive vs measles-rubella, polio launched
  • Entertainment

  • Milo Sogueco’s ‘Mariquina,’ other Filipino indie films to be shown in Busan
  • Versatile Viggo Mortensen speaks French in ‘Far From Men’
  • Escudero says no wedding date, venue yet
  • PH film ‘Rekorder’ wins in South Korea
  • Eraserheads in mini reunion
  • Business

  • Asia shares mostly up, dollar approaches 105 yen
  • Oil firms hike pump prices of fuel
  • Dollar, euro surge against yen in Asian trading
  • SM Prime raises P20B from retail bond issue
  • DoubleDragon takes over Skysuites property in QC
  • Technology

  • ALS Ice Bucket Challenge arrives in North Korea
  • ‘Internet fasting’—returning to the real world
  • PH ranks 8th in Ice Bucket Challenge participation
  • Google tests using drones to deliver goods
  • DigiTech conference, Best of Anime to keep September busy
  • Opinion

  • Not worth the brag
  • ‘Hilaw’
  • Transition curve?
  • Should he inhibit?
  • Pitching in for inclusive growth
  • Global Nation

  • Undof commander Singha’s order of surrender unacceptable, AFP Chief says
  • PCG men in Balintang shooting plead not guilty
  • After ‘great escape’ in Syria, PH commander escapes from Undof chief
  • Trial of PCG men for fatal shooting of Taiwan fisher starts
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