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The need to review the rules on VAT zero rating

THE amendments to the National Internal Revenue Code of 1997 (Tax Code), introduced by Republic Act (RA) 11534 (Create) and by RA 10963, or the Tax Reform for Acceleration and Inclusion (Train), particularly on the imposition of value-added tax (VAT) on indirect exports and limiting the transactions subject to zero-rated VAT, have caused an uproar and much confusion in the business world.
City Of Tarlac Subic Bay United States Metro Clark National Internal Revenue Code Bureau Of Internal Revenue

Judiciary asks for return of P6.7B from P14.1B cut from its budget

THE judiciary on Wednesday sought the reconsideration of P6.7 billion out of the P14.12-billion funds slashed from its P71.91-billion proposed budget for  2024. At a budget briefing conducted by the Senate Committee on Finance chaired by Senator Juan Edgardo Angara, Court Administrator Raul Villanueva told the committee that bulk of…
National Expenditure Program Senate Committee On Court Administrator Court Administrator Raul Villanueva Judiciary Marshals Office Supreme Court

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Bill raising authorized poll campaign expenses hurdles 3rd and final reading

The House of Representatives on Wednesday approved on third and final reading a bill increasing the authorized campaign expenses of candidates in national and local elections. Voting 268 affirmative, 3 negative and one abstention, lawmakers approved the increase provided under House Bill (HB) No. 8370, which would amend Section 13…
Ferdinand Marting Romualdez Robinson Ninal Jr Malaca Yedda Marie Romualdez Jude Acidre Bangko Sentral Philippine Statistics Authority

PBBM orders faster rollout of programs to address government underspending

President Ferdinand R. Marcos Jr. on Tuesday held a Cabinet meeting to fast track the rollout of government programs and address underspending, which plagued several agencies during the first half of the year.ย  โ€œThe President gave those [agencies] with available funds, strict instructions to ensure social protection will reach their…
Ferdinandr Marcos Jr Bienvenidoe Laguesma Rexlon Rext Gatchalian Government Internship Program Employment Program Department Of Budget

Eliminate parking minimums | The Manila Times

AN obsolete and damaging regulation is the requirement for builders and property developers to provide a minimum number of motor vehicle parking spaces, depending on the floor area and purpose of the structure being built. The parking minimum rule, which is mentioned under the Implementing Rules and Regulations (IRR) of the National Building Code (Presidential Decree 1096 enacted in 1977), should be eliminated. (Parking minimums can also be found in some local government ordinances.) Instead, pr...
Terms Of Service National Building Code National Building Code Presidential Decree Implementing Rules Presidential Decree Manila Times

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