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EXPANDED VALUE ADDED TAX ACT

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abtest

DOF to plug tax leaks before new revenue measures are imposed

By Lawrence Agcaoili | August 19, 2010 - 12:00am

The Aquino administration will make sure tax leakages are plugged before new revenue measures are imposed.

Headlines

Government loses P125 billion in potential tax revenues in January-July

September 1, 2009 - 12:00am

The government lost P125 billion in potential tax revenues from January to July this year as a result of an economic slowdown and the implementation of several tax relief measures, a ranking finance official sa...

Business

Removal of documentary stamp tax to boost stock transactions

By Des Ferriols | July 8, 2009 - 12:00am

Finance officials said the removal of the documentary stamp tax (DST) on stock sales should boost stock transactions enough to make up for over P1.4 billion in foregone revenues.

Business

Government to forego P20 billion in revenues due to tax exemptions

By Iris Gonzales | February 16, 2009 - 12:00am

MANILA, Philippines - The government expects to forego an estimated P20 billion in potential revenues this year because of the full-year implementation of the law that increased the personal exemptions of taxpayers...

Business

Customs' VAT collection up 30% in 2008

By Iris Gonzales | February 16, 2009 - 12:00am

MANILA, Philippines - The Bureau of Customs’ incremental value added tax collections in 2008 went up by more than 30 percent because of higher oil prices in the world market in the early part of last year...

Business

Corporate income tax cut to mean big revenue loss

By Iris Gonzales | March 30, 2008 - 12:00am

The reduction in corporate income tax from 35 percent to 30 percent next year will mean a revenue loss of P15 billion for the government, Finance Secretary Margarito Teves...

Business

Lawmakers nix plan to defer corporate income tax rollback

By Iris Gonzales | March 15, 2008 - 12:00am

Business

BIR misses VAT collection target for 2007

By Iris Gonzales | February 22, 2008 - 12:00am

Business

BIR’s VAT collections up 4% to P121B in 10 mos

By Iris Gonzales | December 22, 2007 - 12:00am

Business

BIR’s corporate income tax collection hits P185B in October

By Iris Gonzales | December 18, 2007 - 12:00am

Business