TRANSCRIPT: The Asset Interview with Daniel Yu – Sec. Cesar V. Purisima, November 2012
Read MoreRevenues surge 29.2% year-on-year in October
Ten-month fiscal deficit at P115.736 billion with revenues up 11.8% and spending up 14.5%
The Philippine Deposit Insurance Corporation (PDIC) announced that depositors who have valid savings and demand deposit accounts with balances of P15,000 and below will now be eligible for outright payment without the filing of deposit insurance claims. The PDIC had earlier waived the required claims filing for savings accounts with balances of P10,000 and below for banks closed beginning March 17, 2011. Raising the ceiling to P15,000 is expected to cover 75% of the total number of the account holders in a closed bank on the average.
Read MoreThe Bureau of Internal Revenue (BIR) today filed a criminal complaint with the Department of Justice against FRANCOIS JOSEPH XAVIER RAST (RAST), proprietor of Rast Metalor Phils., for four (4) counts of attempt to evade or defeat tax; and four (4) counts of willful failure to supply correct and accurate information in his Annual Income Tax Returns (ITRs) and to pay the correct taxes, for Taxable Years (TYs) 2006, 2007, 2008, and 2009, in violation of Section 254 and Section 255 of the National Internal Revenue Code of 1997, as amended (Tax Code).
Read MoreThe Bureau of Internal Revenue (BIR) today filed a criminal complaint with the Department of Justice against ATTY. ARNEL CORTEZ MANALOTO (ATTY. MANALOTO) for willful failure to supply correct and accurate information in his Income Tax Return (ITR), deliberate failure to file his Value-Added Tax (VAT) Returns and failure to register for VATÂ for Taxable Year (TY) 2011, in violation of Section 255 and Section 275 in relation to Section236 (G) of the National Internal Revenue Code of 1997, as amended (Tax Code).
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