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P500,000 exemption for couples

Married couples can claim tax exemption of up to P500,000 or P250,000 each when they file their 2018 Income Tax Returns next year, the Bureau of Internal Revenue said.

The Bureau of Internal Revenue (BIR) has instructed movie and television show producers to withhold and remit to the agency eight percent of the talent fees they pay to their actors and actresses.

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The Court of Tax Appeals (CTA) has granted the petition of a South Korean firm to nullify the P21.5 million deficiency value-added tax assessment issued by the Bureau of Internal Revenue (BIR) for its failure the inform the former about the liability.

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President Duterte has appointed to the Department of Transportation two officials of the Bureau of Customs who resigned over the P6.4-billion shabu shipment seized last May in Valenzuela City.

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The Commission on Audit has denied with finality tax bounty hunter Danilo Lihaylihay’s bid to get hold of a P3.032-billion reward from the government.

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After securing a compromise deal with the government, the Department of Justice (DoJ) has allowed the withdrawal of the multi-billion peso tax evasion complaints filed against local tobacco maker Mighty Corporation.

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