The lowly ‘tuyo’ under siege

LOOKING back at my childhood, I’ve come to realize how a large part of who I am has been influenced by my grandfather. My lolo was a very strict person and a man of few words (if you’re familiar with the cartoon strip Dennis the Menace, Mr. Wilson is my lolo). He loved simple things, and this was reflected in his choice of food.

Pancit guisado and time-traveling receipts

ANYONE who knows me is familiar with my fascination with any noodle-based dish. Ramen, beef mami, pancit canton, batchoy — I’m all for them. I hear a lot of people say “rice is life,” but for me, noodles trump rice any day.

Suspension of excise taxes on fuel

The attacks on Saudi Arabia’s oil facilities on September 14 have cut the oil-rich kingdom’s production capacity to half and caused worldwide panic over anticipated skyrocketing prices of goods and commodities. The Philippines, being a heavy importer of oil, is more vulnerable to price increases than its Southeast Asian neighbors.

PWDs to enjoy expanded benefits

IF you are a person with disability (PWD), expect to enjoy more sales discounts, as the Department of Finance and the Bureau of Internal Revenue (BIR) have issued regulations expanding the current benefits and privileges they enjoy under Republic Act (RA) 10754, as implemented by Revenue Regulations (RR) 5-2017.

Tax payments made easy

HAVING trouble paying taxes? Fret no more, as paying taxes will be as easy as ordering your favorite brown sugar milk tea online. But before we dive into the details, a brief background is in order:

The ‘Isko’ phenomenon

The Merriam-Webster dictionary defines “phenomenon” as “a rare or significant fact or event.” Lately, the new Mayor of Manila, Francisco “Isko” Domagoso, has been making waves, what with his refreshing take on what a mayor’s obligations should be. The maverick mayor is literally cleaning up the streets of Manila and is trying to bring back the grandeur of the nation’s capital. A phenomenon, no doubt, as it is rare that we see this level of commitment coming from a Philippine public official.

Guidance on estate tax amnesty applications

During our June 2 issue this year, we discussed Revenue Regulations (RR) 6-2019, issued by the Department of Finance and the Bureau of Internal Revenue (BIR), implementing the estate tax amnesty provisions of Republic Act 11213. The regulations took effect last June 15, 2019. The regulation’s date of effectivity is crucial, as the estate tax amnesty may be availed of by taxpayers within two years from June 15, 2019.

TWAs redefined

Last year, we discussed Revenue Regulation (RR) No. 11-2018, which provides for withholding tax rates on income payments made to individual/corporate citizens, resident aliens, and non-resident aliens. Particularly, income payments made by top taxpayers to their local supplier of goods and services is subject to 1 percent withholding tax for a supplier of goods, and 2 percent withholding tax for a supplier of services.

Estate tax amnesty

Death and taxes. This pretty much sums up Revenue Regulations (RR) 6-2019, issued by the Department of Finance and the Bureau of Internal Revenue (BIR), implementing the estate tax amnesty provisions of Republic Act (RA) 11213, the “Tax Amnesty Act of 2019” or Tax Amnesty Act. The regulations take effect fifteen days from the date of its publication, which will be on June 15, 2019.

BIR issues RMO on Amnesty for Tax Delinquents

In our April 21 article, we discussed Revenue Regulations (RR) 4-2019, the implementing rules and regulations covering the Tax Amnesty on Delinquencies (TAD) under Republic Act 11213, the
“Tax Amnesty Act of 2019.” The regulations took effect on April 24, 2019.

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