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DOE thumbs down tax on coal-fired power plants

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The Department of Energy (DOE) has opposed the proposed imposition of an environmental tax on coal power projects on concerns this would raise electricity rates and derail investments meant to prevent power supply deficits in the future.

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

Tanco group pressing Philam Life to pay taxes

Tanco Group-owned insurer Philplans First Inc. has decried the alleged nonpayment of taxes by Philippine American Life and General Insurance Co. (Philam Life) for its sale of two former subsidiaries that the group bought five years ago.

Posted: November 10th, 2014 in Headlines | Read More »

DOF urged to junk BIR’s tax refund circular

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Twenty local and foreign business groups and industry associations have filed a joint letter and position paper urging the Department of Finance to junk the controversial circular on tax refund.

Posted: November 6th, 2014 in Headlines | Read More »

Tax refund rule expected to cut red tape, prevent corruption

bir building

The Bureau of Internal Revenue (BIR) on Tuesday reiterated that the controversial circular it released in June, which governed the processing of investors’ tax credits and refunds, was a mere implementation of rules put in place 16 years ago.

Posted: November 5th, 2014 in Latest Business Stories | Read More »

VAT exemption on payments to genset providers pushed

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A legislator has proposed the exemption from value-added tax (VAT) the government payment to any company that provides power using generator sets (gensets) to ease the effects of the looming energy shortage next summer.

Posted: October 29th, 2014 in Headlines | Read More »

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