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06 June, 2022
In an order issued on June 1, BIR Commissioner has assigned Pagulayan, who is set to retire by the end of this month, as technical assistant under his office. Pagulayan was placed on floating status just three weeks after he and Deputy Commissioner Arnel Guballa issued the controversial media advisory announcing the closure of Megaworld of ultra bilyonaryo Andrew Tan.
03 June, 2022
Large-scale taxpayers, e-commerce and export firms need to start shifting to the digital issuance of invoices and receipts by July as mandated by the Tax Reform for Acceleration and Inclusion (TRAIN) Law. The Bureau of Internal Revenue (BIR) said it would carry out on a pilot basis the e-invoicing, e-receipting and e-sales system (EIS) starting July.
02 June, 2022
A senior administration lawmaker yesterday vowed to re-file his proposed bill that aims to suspend the collection of excise taxes on diesel, gasoline, cooking gas and other oil fuel products in the incoming 19th Congress (2022-2025).
Securities and Exchange Commission(SEC) responsible for regulating the securities industry in the Philippines as well as maintaining the country's company register.
This section will provide accurate and consistent information on policies and recommendations on issues concerning the securities market for it will garner confidence and assurance for people to continue doing business with no worries.
Bank regulators have kept the interest cap on credit card transactions at 2 percent per month or 24 percent a year, citing the need to help consumers amid the continuing impact of the COVID-19 pandemic. The Bangko Sentral ng Pilipinas said the maximum interest rate or finance charge on the unpaid outstanding credit card balance of a cardholder remains at levels set in September 2020.
Philippine gaming authorities said on Wednesday, June 1, they will probe an incident where representatives of a Japanese casino billionaire entered a Manila casino to take physical control of the premises from its operator.
The Philippines’ Supreme Court (SC) in April ruled that Kazuo Okada could once again lead the Okada Manila integrated casino-resort as head of its operator Tiger Resorts, a position he was ousted from in 2017 on suspicion of misappropriating $3 million.
The Supreme Court (SC) has affirmed a Court of Tax Appeals (CTA) ruling finding a local firm liable for realty taxes in connection with a government-owned hotel that the firm leased. The SC 3rd Division denied the petition filed by Unimasters Conglomeration, Inc. (UCI) in connection with the taxes arising from its lease of Leyte Park Hotel, Inc. (LPHI) in Tacloban City.
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