Postpone income tax cuts, slap new taxes, slash VAT exemptions

For the Department of Finance, borrowing more or cutting spending are not viable options. Presumptive president Ferdinand Marcos Jr. would have to impose new taxes and hold off on lowering income tax. MANILA, Philippines – The Department of Finance (DOF) is proposing new taxes, deferment of scheduled tax reductions, and the repeal of certain tax … Read more

Pay your taxes, no one is above the law

‘Ang nasa isip nga nila, eh sila ay king and queen,’ presidential bet Manny Pacquiao says of the Marcos family MANILA, Philippines – Presidential bet Manny Pacquiao said that the Marcos family should pay estate taxes due to the government as “no one is above the law.” Speaking to reporters on Sunday, April 3, Pacquiao … Read more