The House Committee on Economic Affairs on Tuesday, Feb. 7, approved, subject to style and corresponding committee report thereof, a proposed bill amending The Real Estate Investment Trust (REIT) Act of 2009 to ensure the reinvestment of proceeds from the sale of REIT shares in the Philippines.
Creation of inter-agency linkages among the Philippine Economic Zone Authority (PEZA), Bureau of Internal Revenue (BIR), and the Bureau of Customs (BOC) could curb illegal tobacco trade and could generate much-needed revenues to fund government projects of the new administration. Party-list congres
Illegal tobacco trade flourished during the pandemic period, data showed. Rep. Jericho Jonas B. Nograles, chairman of the technical working group of the House Ways and Means Committee on the Illicit Tobacco Trade and Agricultural Smuggling, presented data from the Bureau of Internal Revenue (BIR) a
The Philippine government is losing about P26 billion in taxes every year due to illicit cigarettes, a House lawmaker said. During the Combating Illicit Tobacco Trade webinar on Thursday, April 7, PBA Party-list Rep. Jericho Jonas B. Nograles said that based on the Euromonitor International repo