Tag: Tax
Passive income tax to rake in P300B over 5 yrs – DOF
Modified version to prevent revenue loss
THE Department of Finance (DOF) expects to generate P300 billion in added revenues over the next five years once...
Thailand to collect global minimum corporate tax
BANGKOK- Thailand expects to implement a global minimum corporate tax of 15 percent on multinational companies from January 2025, its finance minister said.
The government...
Tax liability from vape crackdown may hit P415M
The Bureau of Internal Revenue (BIR) has raided 817 illicit vape retailers and resellers in its recent month long nationwide crackdown with the estimated...
Govt earns P1T from fuel marking taxes
The government has raked in more than P1 trillion in taxes with the implementation of the fuel marking program (FMP), according to the Bureau...
BIR waives fee for exemption certificate
The Bureau of Internal Revenue (BIR) has waived the fee for the Certificate of Tax Exemption for individuals with low or no income who...
