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Motor Vehicle Road User s tax bill up for Senate OK | Jovee Marie N de la Cruz

THE House of Representatives endorsed for Senate approval the proposed Motor Vehicle Road Users’ Tax (MVRUT) law, which is expected to generate about P68.19 billion over five years for the modernization of public transportation. The bill flit to the Upper House after lawmakers voting 247 affirmative, four negative, and one abstention approved…

House OKs road user tax on 2nd reading; ₧68 2B eyed | Jovee Marie N de la Cruz

THE House of Representatives on Tuesday approved on second reading the proposed Motor Vehicle Road Users’ Tax (MVRUT), a move aimed at generating additional funds of P68.19 billion over five years to support the modernization of public transport. Through viva voce voting, lawmakers approved House Bill 9647, which seeks to…

Road users tax bill exempts motorcycle, trikes | Jovee Marie N de la Cruz

The House Committee on Ways and Means on Tuesday approved the proposed Motor Vehicle Road Users’ Tax to raise more funds for public transport modernization. The unnumbered bill, approved by the committee chaired by Albay Rep. Joey Sarte Salceda, said the proposal seeks to reduce rates for vehicles for hire…

Press Release - Chiz files bill to exempt electricty from EVAT; tells gov t: improve collection instead of raising taxes

Press Release - Chiz files bill to exempt electricty from EVAT; tells gov t: improve collection instead of raising taxes
senate.gov.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from senate.gov.ph Daily Mail and Mail on Sunday newspapers.

Property valuation reform pushed | BusinessWorld

Reporter THE DEPARTMENT of Finance (DoF) is pressing Congress to pass the remaining two packages under its comprehensive tax reform program (CTRP), including improving real property valuation and assessment in the country, before President Rodrigo R. Duterte’s term ends. In a statement, the DoF said it would push the passage of the remaining priority tax bills such as the proposed Real Property Valuation and Assessment Reform Act and Passive Income and Financial Intermediary Taxation Act. If passed, the first measure will establish a “single valuation base for taxation through the adoption of the schedule of market values of LGUs, and use the updated values as benchmark for other purposes, such as right-of-way acquisition, lease, rental, etc.”

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