Call center agents and other employees with a monthly income of P21,000 will be exempted from paying the personal income tax (PIT), generating savings of over P20,000 annually, under the first package of the comprehensive tax reform plan (CTRP) as crafted and filed by the head of the House ways and means committee in close coordination with the Department of Finance (DOF).
Read MoreAssistant Secretary Paola Alvarez of the Department of Finance (DOF) has asserted that the interagency Mining Industry Coordinating Council (MICC) is seeking a budget support of P50-million so it can hire independent experts to reassess the operations—not just of the 28 mines shuttered or suspended earlier by the Department of Environment and Natural Resources (DENR) but of all 311 mining contracts in the country—in keeping with the directive of President Duterte himself for such a comprehensive review during a Cabinet meeting last February.
Read MoreBeleaguered cigarette manufacturer Mighty Corp. is facing a string of additional criminal complaints involving tax liabilities of over P27 billion for the alleged possession and use of fake internal revenue stamps, according to initial assessments made by the Bureau of Internal Revenue (BIR).
Read MoreThe interagency Mining Industry Coordinating Council (MICC) is mandated under the law to review all mining-related rules and regulations, issuances and agreements, and was ordered convened by President Duterte himself to discuss and reassess the audit done by the Department of Environment and Natural Resources (DENR) that led to either the closure or suspension of operations of 28 mining sites across the country, according to a Department of Finance (DOF) official.
Read MoreGood afternoon Executive Secretary [Salvador Medialdea], fellow workers in government, ladies and gentlemen.
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