The Notices of Disallowance (NDs) on the tax credit certificates (TCCs) issued to several textile companies over a decade ago continue to pile up, with the Commission on Audit (COA) having invalidated so far close to P1.2 billion-worth of these illegal tax perks issued from 2008 to 2014.
Read MoreThe trilateral cooperation among the World Bank (WB), Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB) in support of the Philippines’ COVID-19 vaccination program is a first in the region and underscores the importance of an earlier proposal of Finance Secretary Carlos Dominguez III for closer coordination among these three major multilateral institutions.
Read MoreFinance Secretary Carlos Dominguez III has commended the Philippine Ports Authority (PPA) for setting the example for other government-owned and -controlled corporations (GOCCs) in stepping up support for the country’s COVID-19 response by remitting P3.541 billion in dividends to the Bureau of the Treasury (BTr) for 2020, or 6 percent more than the required amount under the law.
Read MoreThe Bureau of Internal Revenue (BIR) has allowed the filing of tax returns and the payment of taxes falling within the period of March 22 to April 30 this year to be filed anywhere, even outside the jurisdiction of the Revenue District Office (RDO) where the taxpayer is registered.
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