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‘Sin’ tax take exceeds target

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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 »

Investors hit gov’t tax refund policy

By
ECCP vice president for external affairs Henry J. Schumacher. INQUIRER.net file photo

The European Chamber of Commerce of the Philippines (ECCP) has slammed the government for making it more difficult anew for tax-paying investors to exercise their right to refund as this did not only breach the trust of the companies operating in the country but also hampered the entry of crucial foreign direct investments.

Posted: August 11th, 2014 in Editor's Pick,Headlines | Read More »

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  • LTRFB still sparing ‘colorum’ trucks for Manila port’s sake
  • Sports

  • Pinay gymnast 11th of 18 in all-around
  • Ateneo-A, LSGH-A earn top QF seedings
  • Cagayan, Army down semis foes
  • Cruz pulls off Olivarez tennis victory double
  • Hernandez, Posadas head BWC last-16 nat’l finalists
  • Lifestyle

  • S. Koreans defy US study, defend noodles diet
  • ‘Couture’ RTW–the next best thing to made-to-measure clothes
  • Premium oil for mature or dry skin
  • ‘Nothing, really, is impossible’
  • Grooming tips for the modern man
  • Entertainment

  • Nora Aunor honored with UP Gawad Plaridel for film, TV excellence
  • Underachiever finds his/her niche
  • Joseph Marco shrugs off ‘gay’ rumor
  • Sam Milby in fat suit challenge
  • Scars from the past
  • Business

  • Ayala Land to offer P2B in homestarter bonds
  • Traders renew plea for gov’t to prepare for power crisis
  • Tuna firm’s stockholder hits SEC for inaction
  • Marcventures expects net profit to reach P1B in ’14
  • ‘Sin’ tax take exceeds target
  • Technology

  • Bill penalizing techy intruders advances to plenary
  • 5 signs a text message is a scam
  • B&N, Samsung unveil reading-focused Nook tablet
  • Lapid wants Senate to probe text scams
  • Dating sites match up people, pooches
  • Opinion

  • Editorial Cartoon, August 22, 2014
  • Fear and fury
  • Defiance and heroism
  • Who’s behind stories against President Aquino’s sister?
  • Rice in life and history
  • Global Nation

  • 20 couples say ‘I do’ in San Francisco mass wedding
  • Fil-Am descendants proud of their ‘manong’ fathers
  • Mistakes to avoid in applying for US citizenship
  • Big fest to plug Filipino cuisine in San Francisco
  • Another chartered flight from Libya
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