Taxation in Philippines

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All applications for tax clearance required of prospective bidders for government contracts can soon be filed in regional offices of the Bureau of Internal Revenue (BIR).

The Tourism Infrastructure and Enterprise Zone Authority (TIEZA) is eyeing to replace the P1,620 travel tax charged to Filipinos flying to other countries with a P500 fee for all, including foreign tourists.

The Department of Finance (DoF) said it is studying the possibility of a tax for carbon emissions after it held an “exploratory” workshop yesterday.

Philippine President Rodrigo Duterte’s administration received an impassioned plea from within its ranks on the night of April 11.

Wage earners can expect bigger take-home pay – but also bigger expenses on fuel, fares and goods such as sweetened beverages after President Duterte signed into law yesterday the first package of the Tax Reform for Acceleration and Inclusion (TRAIN).

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