MICRO and small taxpayers are granted special concessions under the recently enacted Republic Act (RA) 11976 or the Ease of Paying Taxes (EOPT) law. Bureau of Internal Revenue (BIR) Deputy Commissioner for Legal Group Marissa O. Cabreros presented the salient features of EOPT during the Committee on Ways and Means…
In a bid to encourage and empower the youth to actively engage in agriculture and fisheries, a House of Representatives committee has approved a measure establishing a program for young farmers and fisherfolk. House Committee on Agriculture and Food member Keith Micah Tan of Quezon, principal author of the bill,…
Tax evasion is a significant issue in many countries, including the Philippines. It refers to the illegal practice of intentionally avoiding paying taxes owed to the government by underreporting income, inflating deductions, or engaging in fraudulent transactions. This not only deprives the government of much-needed revenue but also undermines the…
THE Bureau of Internal Revenue (BIR) filed on Thursday 14 criminal cases against corporate officers and accountants of “ghost” corporations for selling “ghost” receipts. A statement issued by the BIR said criminal charges were filed against five corporate officers and accountants of Decarich Supertrade Inc. and Redington Corp. before the…
The House Committee on Ways and Means has approved measures aimed at institutionalizing the Philippine Cacao Development Program and establishing a comprehensive national initiative for the advancement of the coffee industry. House Committee on Agriculture and Food member Keith Micah Tan of Quezon, sponsor of the bill, announced the approval…