The national government could eliminate the need to raise taxes by opting for land reclamation as a means of generating revenues, according to House Committee on Ways and Means Chairman Joey Sarte Salceda. During a briefing, Salceda emphasized the importance of land reclamation in the development of large metropolitan cities…
THE House Committee on Appropriations on Tuesday approved a proposal providing additional criterion for the release of unprogrammed appropriations and utilizing excess funds from government-owned and -controlled corporations (GOCCs) by amending Republic Act No. 11936, or the 2023 General Appropriations Act (GAA). House Bill 9513 was principally authored by House Committee…
The House of Representatives on Tuesday approved on second reading a bill penalizing bulk cash smuggling and tightening the country’s measures against the transit of large amounts of cash to and from the Philippines. Through viva voce voting, lawmakers passed House Bill 8200 to prevent bulk cash smuggling into and…
Some 920,000 Filipino families with unsettled estates could benefit from the extension of the Estate Tax Amnesty Act, which will be sent to President Ferdinand Marcos Jr.’s desk following the adoption by the House of Representatives of the Senate version, a leader of the lower chamber said on Monday. The…
THE call by foreign and domestic business groups to pass the proposed “Ease of Paying Taxes” bill has received “strong” backing from House Committee on Ways and Means Chairman Joey Sarte Salceda. In a statement, Salceda said the passage of the measure will enable incoming Finance Secretary Benjamin E. Diokno…