Retailer Puregold Price Club Inc. has settled a P5.09-billion debt issue ahead of maturity as a change in the tax treatment on proceeds from these securities will otherwise make debt servicing costlier than originally envisioned.
Foreign businessmen from several foreign chambers of commerce have voiced their concern over a recent Supreme Court ruling that denied the value-added tax (VAT) refund claims of a large foreign investor in the country.
Finnish phone giant Nokia said Tuesday it had protested to the Indian government over a tax raid at one of its factories in South India, slamming the action as “excessive and unacceptable.”
Coming together in the early hours of 2013, the US Senate overwhelmingly passed a last-gasp bill Tuesday to avert huge tax increases and draconian spending cuts making up the so-called “fiscal cliff.”
The Bureau of Internal Revenue on Wednesday said that it has breached the record P1-trillion mark in collection for any given year, as of Dec. 17.
Only the earmarking of the revenues from the sin tax bill is left to be discussed in the bicameral conference after its members concluded deliberations on tax rates Thursday night.
Apple Inc. paid an income tax rate of only 1.9 percent on its earnings outside the U.S. in its latest fiscal year, a regulatory filing by the company shows.
Philippine gains on tax administration reform and fiscal management will be part of discussions at the ninth yearly meeting of the Asia Pacific Tax Forum (APTF) that kicked off Wednesday at the Makati Shangri-La.
Australia Sunday introduced a controversial carbon tax in a bid to tackle climate change, with Prime Minister Julia Gillard hailing the move amid opposition warnings it will stifle industry.
The increase in the threshold for value-added tax on real estate products is expected to improve the chances of the middle-income market and start-up families to buy residential land, houses or condominium units.
Lawmakers on Wednesday urged the government to deny the proposal by the International Monetary Fund (IMF) which seeks to impose excise tax on mobile telecommunication services.
Thailand Wednesday approved a new tax incentive to stimulate investment in the country’s industrial heartland, which was badly hit by last year’s floods, Industry Minister Pongsavas Savasti said.
