Digital media VAT seen raising over P102 billion
VENTI VIEWS—UNSPLASHTHE value-added tax (VAT) on digital media and advertising is projected to bring the government P102.12 billion in revenue by 2029, a Department of Finance (DoF) official said.“We hope that… a lot of the DSPs (Digital Service Providers) will
Tobacco industry backs pause in excise tax hike to deter smuggling
PHILIPPINE STAR/ MIGUEL DE GUZMANTHE Philippine Tobacco Institute (PTI) said on Thursday that a pause in raising excise taxes on tobacco could steer consumers away from smuggled cigarettes and stabilize prices of legitimate products.“By pausing the annual excise tax increases,
Tax exemption on ABS transfers takes effect
BW FILE PHOTO THE Bureau of Internal Revenue (BIR) said a tax exemption on secondary trade and transfers of asset-backed securities (ABS) has taken effect.“The sale or transfer of assets to the SPE (Special Purpose Entity), including sale or transfer of
ICTSI’s P2.35-B Iloilo port project registered with BoI
ICTSITHE Board of Investments (BoI) said it approved a P2.35-billion project of the International Container Terminal Services, Inc. (ICTSI) to modernize, manage, and operate the Visayan Container Terminal in Iloilo.In a statement on Thursday, the BoI said that it awarded
Corn production to be disrupted by rains
DA.GOV.PHBAD WEATHER is expected to disrupt corn production this year after rains forced some farmers to alter their planting schedules, according to the Philippine Maize Federation, Inc. (PhilMaize).“Bad weather, typhoons, and heavy rains caused delays in planting in some areas.