House Committee on Ways and Means chairperson and Albay Rep. Joey Salceda on Wednesday announced that the Department of Finance (DOF) and the Bureau of Internal Revenue (BIR) have agreed to withdraw a Revenue Regulation (RR) imposing 12% value added tax (VAT) on local materials and services for products that will be exported.
The House Committee on Ways and Means on Monday approved the substitute bill that will prevent the Bureau of Internal Revenue (BIR) from imposing higher tax on private schools.
Deputy Speaker and Cagayan de Oro City Rep. Rufus Rodriguez has filed a measure to clarify taxes to be imposed on schools which was increased by the Bureau of Internal Revenue (BIR) to 25% from 10%.
The House Committee on Ways and Means has exerted pressure on concerned government agencies to increase the revenue from sweetened beverages.
House Committee on Ways and Means chairperson and Albay Rep. Joey Salceda said the government is losing P30 billion revenue annually from illicit trade of tobacco products.
Amid a dearth in calamity funds for provinces battered by Typhoon Rolly, Senator Joel Villanueva reminded revenue-generating agencies to shore up tax collection, beginning with exiting Philippine offshore gaming operators (POGO), which have yet to settle some P50 billion in tax deficiencies.
Senator Risa Hontiveros said the sudden departure of major offshore gaming operators under the Philippine Offshore Gaming Operators (POGO) “should not allow them to escape accountability and justice.”
Quezon City Rep. Precious Castelo is urging the Bureau of Internal Revenue (BIR) to defer the enforcement of its memorandum circular requiring online sellers to register their business and pay income and other taxes.
Senator Risa Hontiveros has formalized her call for the Bureau of Internal Revenue (BIR) to recall its recent memorandum circular on the supposed mandatory registration and imposition of new taxes on online sellers.
House ways and means committee chair Joey Salceda on Friday sought to clarify issues surrounding the recent issuance of the Bureau of Internal Revenue (BIR) of Revenue Memorandum Circular (RMC) 60-2020, which reminded online sellers to get registered and pay taxes.
