Palace open to proposed reduction in income tax rate

Malacañang on Wednesday, August 26, said it is open to proposals to reduce the country’s personal income tax rate, said to be the highest in Southeast Asia. “Government is open to consider proposals on changing the income tax rates and continues to work with Congress on this matter. The Department of Finance (DOF) is advocating… Read More Palace open to proposed reduction in income tax rate

August 27, 2015September 14, 2015 MPostLeave a comment

First half of 2011, BIR collections jump by 13.5%

QUEZON CITY—The Bureau of Internal Revenue indicated a 13.5 percent increase in the first half of 2011 tax collections as compared to same time last year. BIR Deputy Commissioner Celia C. King reported a P 458 billion tax revenue collection from January to June, during DZRB Radyo ng Bayan’s, NBN4’s, and the Philippine Information Agency’s… Read More First half of 2011, BIR collections jump by 13.5%

August 10, 2011 MPostLeave a comment