Smuggling Of Oil In The Country Increased By Up to 30% Since Train Law Was Implemented OIL SMUGGLING – Since the TRAIN Law was implemented, more and more oil has been smuggled into the country. The reformed tax law or ‘TRAIN Law‘ is a tax reform program proposed with intentions to change the taxation system … Read more
Inflation Rate in the Philippines Continues To Drop This March INFLATION RATE – Philippine Statistics Authority showed records of inflation rate alleviating to a much smaller number this month compared to previous readings. PSA or Philippines Statistics Authority is an office in the government responsible for all national censuses and surveys, sectoral statistics, consolidation of … Read more
Sarah Geronimo supports Sen. Sonny Angara, some fans expressed dislike Popstar Princess Sarah Geronimo received scrutiny for vocally expressing her support to Senator Sonny Angara. It is inevitable that showbiz personalities have their personal choice of political candidates. Some choose to be silent while there are those who are visible during the campaign period. On … Read more
Department Of Health (DOH) Warns Pharmacies On Not Giving 12% Tax Exemption On Medicine For Diabetes, Hypertension DOH- The Department of Health (DOH) reminds the pharmacies to give the VAT exemption on medicine for diabetes and two more in accordance to TRAIN Law. According to DOH Secretary Francisco Duque III, pharmacies who will not comply … Read more
Senators Says To Stop Inflation First Before The Economic Managers Push Fuel Tax Increase INFLATION – Senators suggested the country’s economic managers to deal with inflation first before they proceed to the second fuel hike scheduled next year. Senators Sonny Angara and Aquilino Pimentel III sent statements regarding the Development Budget Coordinating Council’s plan to … Read more
Lawmakers Want President Duterte To Suspend Excise Taxes Hike On Fuel The lawmakers are urging President Rodrigo Duterte to cancel further increase in excise taxes on fuel for the next few years. Majority Leader Juan Miguel Zubiri said that seventeen senators want President Duterte top support the suspension of further hike in excise tax on diesel, … Read more
Ex-Antipoverty Chief Liza Maza Says More Families Fall To Poverty Line Due to TRAIN Law Ex-Antipoverty Secretary Liza Maza said that more families are getting poor and falling into the poverty line due to the government’s TRAIN law. Maza said that the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) Act makes more … Read more
In case of winning, how much tax will be taken from the 6/58 Ultra Lotto jackpot prize? 6/58 ULTRA LOTTO – A big part of the PCSO 6/58 Ultra Lotto jackpot prize will be taken as a tax in case a bettor gets the winning combination. Undeniably, the multi-million jackpot prizes of the major lotto … Read more
Private Hospitals Warn Proposed TRAIN Law 2 Would Increase Medical Bills & Expenses The private hospitals warned that the proposed Tax Reform for Acceleration and Inclusion (TRAIN) law 2 would increase medical bills and expenses. The second tranche of the tax reform law could trigger several institutions and establishments to increase the cost of their … Read more
President Duterte’s Economic Team Spurs Second Package From TRAIN Law TRAIN LAW – The president’s economic team will push the 2nd TRAIN law package, which is basically cutting corporate taxes and pushing for a simpler fiscal incentive. Based on the report, the TRAIN Law, or RA 10963, aims to earn revenues to fund the country’s infrastructure … Read more