^
+ Follow LINA ISORENA Tag
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 560017
                    [Title] => IT experts urged to review Sicpa scheme
                    [Summary] => 

The National Tax Research Center (NTRC) wants government information technology (IT) experts to review the expensive tax stamp system being proposed by SICPA Product Security SA to see if there are flaws in the multi-billion peso scheme.

[DatePublished] => 2010-03-23 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 487914 [Title] => DOF unit nixes LGUs' bid to collect excise tax [Summary] =>

The Department of Finance’s National Tax Research Center (NTRC) has rejected proposals seeking to allow local government units to slap excise tax on manufacturers of cigarettes, liquor, motor vehicles, and mineral products, saying this would result in higher prices.

[DatePublished] => 2009-07-20 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 459614 [Title] => Presyo ng kuryente ibagsak! - Enrile [Summary] =>

MANILA, Philippines - Namiminto nang buma­ ba ang presyo ng elektrisi­dad sa malapit na hina­harap. Ito’y matapos sopla­hin ni Senate President Juan Ponce Enrile ang mga senador na gustong mana­tili ang mataas na buwis sa kuryente at ang mga opis­ya­les ng Department of Finance.

[DatePublished] => 2009-04-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Bansa [SectionUrl] => bansa [URL] => ) [3] => Array ( [ArticleID] => 452957 [Title] => Tax body opposes transfer of power to name local treasurers [Summary] =>

MANILA, Philippines - The National Tax Research Center (NTRC) of the Department of Finance (DOF) has thumbed down a proposal pending at the House of Representatives seeking to transfer the power to appoint local treasurers to the city mayor or governor from the Secretary of Finance.

[DatePublished] => 2009-03-30 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 452648 [Title] => NTRC rejects property tax exemption for seniors [Summary] =>

MANILA, Philippines - The National Tax Research Center (NTRC) of the Department of Finance (DOF) has thumbed down a proposal at the House of Representatives seeking to exempt from property tax the families of senior citizens.

[DatePublished] => 2009-03-29 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 282683 [Title] => Proposed income tax cut seen to wipe out add’l VAT collection [Summary] => The government will lose nearly half of its incremental collections from the increase in the value-added tax (VAT) rate if Congress approves the proposed reduction in the income tax rate.

The National Tax Research Center (NTRC) disclosed over the weekend that the proposed legislations now pending in both houses of Congress would shave off between P14 billion and P50 billion from the government’s tax revenues.
[DatePublished] => 2005-06-20 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 282279 [Title] => VAT leakage leads to P117-B loss for government [Summary] => The government has lost over P117 billion over the last two years from leakages in the value-added tax (VAT) system, the National Tax Research Center (NTRC) said.

The NTRC said the administration of VAT, considered as one of the most efficient tax collection scheme in most economies, is only beginning to catch up to the leakages that have not been plugged early on.
[DatePublished] => 2005-06-18 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 281945 [Title] => Gov’t lost P430 billion in tax leaks [Summary] => The government has lost nearly P430 billion in a span of five years from fiscal leaks in corporate and individual income tax administration.

This translates to an average of P85.7 billion a year from 1998 to 2002, the National Tax Research Center (NTRC) said yesterday.

According to the NTRC, individual fixed-income earners have been faithfully paying their taxes, but the same could not be said for corporations or professional and self-employed individuals.
[DatePublished] => 2005-06-17 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) [8] => Array ( [ArticleID] => 282077 [Title] => Gov’t lost P430 billion in tax leaks [Summary] => The government has lost nearly P430 billion in a span of five years from fiscal leaks in corporate and individual income tax administration.

This translates to an average of P85.7 billion a year from 1998 to 2002, the National Tax Research Center (NTRC) said yesterday.

According to the NTRC, individual fixed-income earners have been faithfully paying their taxes, but the same could not be said for corporations or professional and self-employed individuals.
[DatePublished] => 2005-06-17 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) [9] => Array ( [ArticleID] => 282209 [Title] => Gov’t lost P430 billion in tax leaks [Summary] => The government has lost nearly P430 billion in a span of five years from fiscal leaks in corporate and individual income tax administration.

This translates to an average of P85.7 billion a year from 1998 to 2002, the National Tax Research Center (NTRC) said yesterday.

According to the NTRC, individual fixed-income earners have been faithfully paying their taxes, but the same could not be said for corporations or professional and self-employed individuals.
[DatePublished] => 2005-06-17 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) ) )
LINA ISORENA
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 560017
                    [Title] => IT experts urged to review Sicpa scheme
                    [Summary] => 

The National Tax Research Center (NTRC) wants government information technology (IT) experts to review the expensive tax stamp system being proposed by SICPA Product Security SA to see if there are flaws in the multi-billion peso scheme.

[DatePublished] => 2010-03-23 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 487914 [Title] => DOF unit nixes LGUs' bid to collect excise tax [Summary] =>

The Department of Finance’s National Tax Research Center (NTRC) has rejected proposals seeking to allow local government units to slap excise tax on manufacturers of cigarettes, liquor, motor vehicles, and mineral products, saying this would result in higher prices.

[DatePublished] => 2009-07-20 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 459614 [Title] => Presyo ng kuryente ibagsak! - Enrile [Summary] =>

MANILA, Philippines - Namiminto nang buma­ ba ang presyo ng elektrisi­dad sa malapit na hina­harap. Ito’y matapos sopla­hin ni Senate President Juan Ponce Enrile ang mga senador na gustong mana­tili ang mataas na buwis sa kuryente at ang mga opis­ya­les ng Department of Finance.

[DatePublished] => 2009-04-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Bansa [SectionUrl] => bansa [URL] => ) [3] => Array ( [ArticleID] => 452957 [Title] => Tax body opposes transfer of power to name local treasurers [Summary] =>

MANILA, Philippines - The National Tax Research Center (NTRC) of the Department of Finance (DOF) has thumbed down a proposal pending at the House of Representatives seeking to transfer the power to appoint local treasurers to the city mayor or governor from the Secretary of Finance.

[DatePublished] => 2009-03-30 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 452648 [Title] => NTRC rejects property tax exemption for seniors [Summary] =>

MANILA, Philippines - The National Tax Research Center (NTRC) of the Department of Finance (DOF) has thumbed down a proposal at the House of Representatives seeking to exempt from property tax the families of senior citizens.

[DatePublished] => 2009-03-29 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 282683 [Title] => Proposed income tax cut seen to wipe out add’l VAT collection [Summary] => The government will lose nearly half of its incremental collections from the increase in the value-added tax (VAT) rate if Congress approves the proposed reduction in the income tax rate.

The National Tax Research Center (NTRC) disclosed over the weekend that the proposed legislations now pending in both houses of Congress would shave off between P14 billion and P50 billion from the government’s tax revenues.
[DatePublished] => 2005-06-20 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 282279 [Title] => VAT leakage leads to P117-B loss for government [Summary] => The government has lost over P117 billion over the last two years from leakages in the value-added tax (VAT) system, the National Tax Research Center (NTRC) said.

The NTRC said the administration of VAT, considered as one of the most efficient tax collection scheme in most economies, is only beginning to catch up to the leakages that have not been plugged early on.
[DatePublished] => 2005-06-18 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 281945 [Title] => Gov’t lost P430 billion in tax leaks [Summary] => The government has lost nearly P430 billion in a span of five years from fiscal leaks in corporate and individual income tax administration.

This translates to an average of P85.7 billion a year from 1998 to 2002, the National Tax Research Center (NTRC) said yesterday.

According to the NTRC, individual fixed-income earners have been faithfully paying their taxes, but the same could not be said for corporations or professional and self-employed individuals.
[DatePublished] => 2005-06-17 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) [8] => Array ( [ArticleID] => 282077 [Title] => Gov’t lost P430 billion in tax leaks [Summary] => The government has lost nearly P430 billion in a span of five years from fiscal leaks in corporate and individual income tax administration.

This translates to an average of P85.7 billion a year from 1998 to 2002, the National Tax Research Center (NTRC) said yesterday.

According to the NTRC, individual fixed-income earners have been faithfully paying their taxes, but the same could not be said for corporations or professional and self-employed individuals.
[DatePublished] => 2005-06-17 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) [9] => Array ( [ArticleID] => 282209 [Title] => Gov’t lost P430 billion in tax leaks [Summary] => The government has lost nearly P430 billion in a span of five years from fiscal leaks in corporate and individual income tax administration.

This translates to an average of P85.7 billion a year from 1998 to 2002, the National Tax Research Center (NTRC) said yesterday.

According to the NTRC, individual fixed-income earners have been faithfully paying their taxes, but the same could not be said for corporations or professional and self-employed individuals.
[DatePublished] => 2005-06-17 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) ) )
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