The government is eyeing higher taxes on sugary drinks, tobacco, vapes, plastics and certain vehicles to offset planned tax relief measures.
A single peso can be taxed several times throughout its journey.
Subsidies, tax relief, and social discounts should be judged by both their immediate fiscal cost and their longer-term economic impact.
His post has resonated with many business owners.
The BIR resumes collecting excise taxes after the average price of Dubai crude oil dropped below the threshold that had kept the temporary tax suspension in place.
Higher tax collections and stronger compliance efforts help lift government revenues despite a monthly decline in overall collections.
The program intends to help taxpayers move forward without the heavy burden of old tax issues.
BIR moves filing and payment schedules, waives penalties under new circular.
