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BIR sees big collection as tax season ends

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The day of reckoning has come. The government’s controversial public campaigns to encourage more people to be upfront with their taxes will finally be known this week as this year’s tax season comes to an end.

Posted: April 15th, 2014 in Headlines | Read More »

BOC continues to miss collection target

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Customs Commissioner John Sevilla. INQUIRER FILE PHOTO

“So far, not so good.”

That was how a high official of the Bureau of Customs described the agency’s revenue collections during the first quarter of the year, which totaled P86.26 billion, P8.51 billion short of its target of P94.76 billion.

Posted: April 9th, 2014 in Latest Business Stories | Read More »

Meralco reports P17-B net income in 2013

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AFP FILE PHOTO

The Manila Electric Co. said Monday it realized a consolidated net income of P17.023 billion last year, up five percent from P16.265 billion from the previous year, excluding one-off gains.

Posted: March 17th, 2014 in Latest Business Stories | Read More »

Customs misses monthly revenue target again

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Bureau of Customs. INQUIRER FILE PHOTO

For the second month in a row, the Bureau of Customs failed to meet its revenue goal with a collection of a little over P26 billion, some P4 billion short of its February target of P30.18 billion.

Posted: March 17th, 2014 in Latest Business Stories | Read More »

P304-B take still short of Customs target

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Customs Commissioner John Phillip Sevilla. INQUIRER.net FILE PHOTO

The Bureau of Customs (BOC) generated P304.5 billion in revenues in 2013, following improvements in operational efficiency and reforms that were undertaken in the last quarter of the year.

Posted: March 1st, 2014 in Latest Business Stories | Read More »

NLEx operator sees 14% revenue growth

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North Luzon Expressway. INQUIRER FILE PHOTO

Metro Pacific Tollways Corp., which operates North Luzon Expressway (NLEx), said its revenue could increase by as much as 14 percent this year from the addition of new tollroads, a company official said.

Posted: February 26th, 2014 in Latest Business Stories | Read More »

In 2013, Globe revenue up 9% to P90.5B

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FILE PHOTO

Globe Telecommunications Inc., the country’s second-biggest telecommunications provider, reported that its core earnings rose in 2013 as revenues across its business segments grew, but the company noted challenges in the coming year.

Posted: February 12th, 2014 in Latest Business Stories | Read More »

Customs tasked to hike 2014 collections by 20%

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The government has tasked the Bureau of Customs to increase its collection of import duties and taxes next year by at least 20 percent from its target for 2013.

Posted: November 3rd, 2013 in Headlines | Read More »

From DOF, a simpler tax regime for miners

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The Department of Finance (DOF) has put forward a blueprint for the rationalization of the tax regime for the mining sector, saying this would simplify taxation of the industry and potentially shore up the government’s revenue share.

Posted: October 27th, 2013 in Headlines | Read More »

‘Sin’ tax collection seen to top P100-B mark

The government’s tax collection from so-called “sin” products next year may breach the P100-billion mark for the first time due to the yearly increase in tax rates mandated by law.

Posted: October 20th, 2013 in Headlines | Read More »

Alsons Consolidated nets P270.9 M in 1st half

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amlan

Alsons Consolidated Resources Inc. of the Alcantara Group posted a 66 percent growth in its net income to P270.9 million in the first half of the year on the back of higher energy earnings.

Posted: August 29th, 2013 in Latest Business Stories | Read More »

BIR urged to defer directive on new receipts

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Tax practitioners in the country have urged the Bureau of Internal Revenue (BIR) to defer anew the implementation of the regulation requiring the use of new receipts, saying many corporate entities and entrepreneurs would not be able to comply with the Aug. 31 schedule.

Posted: August 4th, 2013 in Headlines | Read More »

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