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BIR releases second ad on doctors evading taxes

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FILE PHOTO

As if taunting a group of medical practitioners that already has expressed anger over insinuations that their industry is packed with tax evaders, the Bureau of Internal Revenue has released another print advertisement on doctors.

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

BIR to probe VAT payments of firms

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Bureau of Internal Revenue building. INQUIRER FILE PHOTO

The Bureau of Internal Revenue has been tasked to zero in on the value-added tax payments of large corporations as the weak collections in 2013 indicated that the VAT could be the most evaded tax.

Posted: March 3rd, 2014 in Editor's Pick,Headlines | Read More »

Microtel refutes ‘motel’ branding

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CONTRIBUTED PHOTO

Branding, and reputation, is everything. After being mentioned in an Inquirer article as one of the “top-paying motels and hotels,” Microtel Inn & Suites by Wyndham® clarified that they are not a “motel” but is accredited to operate as a hotel.

Posted: February 28th, 2014 in Latest Business Stories | Read More »

New tax planned for calamity fund

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The Department of Finance wants the government to put up a calamity resiliency fund and has proposed the creation of a new tax to generate the cash it will need.

Posted: February 19th, 2014 in Headlines | Read More »

Small stores, farmers, fishers, others should pay taxes—BIR

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Bureau of Internal Revenue building. INQUIRER FILE PHOTO

The Bureau of Internal Revenue said owners of small “sari-sari” (variety) stores, farmers, fishermen, single-unit tricycle operators and other marginal income earners (MIEs) are still liable to pay tax.

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

Same dog, different collar

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It’s difficult to ignore the full-page Tax Watch ads that the Department of Finance has been publishing in this paper, which were meant to show discrepancies between a company’s earnings and the taxes it files.

Posted: January 26th, 2014 in Headlines | Read More »

Sin tax law ups prices of tobacco, booze anew

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The output by the manufacturing sector, including tobacco products, grew by another double-digit pace in September, indicating that the country was taking the crucial first steps toward industrialization. AFP FILE PHOTO

Prices of tobacco and alcohol products went up on January 1 as the second increase of prices took effect in accordance with the Sin Tax Law.

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

Bankers’ wages exposed

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The Bureau of Internal Revenue last week released its latest list of the country’s top individual taxpayers, and all eyes were on the celebrities and VIPs at the Top 10, as expected.

Posted: October 20th, 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 »

Gov’t to honor existing tax perks

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Finance Secretary Cesar Purisima: Public sector debt has become more and more manageable. INQUIRER FILE PHOTO

The Aquino administration will honor all unexpired tax- and duty-free incentives being enjoyed by the private sector, according to Finance Secretary Cesar Purisima.

Posted: October 6th, 2013 in Editor's Pick,Headlines | Read More »

The taxpayer’s lament

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It’s really heartbreaking to be a taxpayer these days. Seriously.

Posted: October 6th, 2013 in Columnists,Inquirer Columns | Read More »

Philip Morris says to fight Thai tax evasion charges

A pedestrian walks past a large anti-smoking poster on World No Tobacco Day at Dusit zoo in Bangkok in this 2010 file photo. Philip Morris vowed Thursday, Oct. 3, 2013, to "vigorously defend itself" against Thai tax evasion charges— the latest dispute between the kingdom and the tobacco giant, which recently clashed over warnings on packets.  AFP PHOTO/PORNCHAI KITTIWONGSAKUL

Philip Morris vowed Thursday to “vigorously defend itself” against Thai tax evasion charges— the latest dispute between the kingdom and the tobacco giant, which recently clashed over warnings on packets.

Posted: October 4th, 2013 in Latest Business Stories | Read More »

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