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News and Events

Will You Work in Construction for Php500 a Day? Builders Warn Pay Not Enough to Attract Laborers for Massive Infra Plan

Employees prefer to work in offices rather than under the sun or rain, says construction industry leader

A key stakeholder in the construction industry has called for a wage increase in the sector to attract enough manpower to support the government’s ambitious infrastructure projectsPhilippine Constructors’ Association (PCA) Executive Director Ibarra “Barry” Paulino said the industry is having a hard ...

by Elyssa Christine Lopez  | September 28, 2018 12:00:00
News and Events

It's Definite: TRABAHO Bill Won't Remove Tax Exemption of Books, says DOF

Books will continue to enjoy exemption from VAT and import duties, according to top official

  Moving to end the social media chatter that the Duterte administration’s second tax reform package will result in the re-imposition of the value added tax (VAT) and import duties on books, the Department of Finance (DOF) issued a statement on September 25 ...

by Elyssa Christine Lopez  | September 25, 2018 06:00:00
News and Events

Will TRAIN 2 Mean More Expensive Books?

Here's what you should know about the TRABAHO bill and what it means for our book industry

You've probably seen the posts circulating online raising the alarm on a particular section of the TRAIN 2 bill that has just been approved by Congress. You may even have signed this petition to protest the provision.In short, the TRAIN 2 tax ...

by Esquire Philippines  | September 18, 2018 12:00:00
News and Events

House Approves Bill Cutting Corporate Income Taxes From 30% to 20% Over 11 Years

TRABAHO bill also aims to reduce and rationalize fiscal incentives

The House of Representatives has approved on third and final reading the Tax Reform for Attracting Better and High-quality Opportunities (TRABAHO) bill, the second package of the government’s comprehensive tax reform program, according to news reports.Related story: Call it TRAIN 2 or ...

by Elyssa Christine Lopez  | September 10, 2018 07:00:00
News and Events

Call It TRAIN 2 or TRABAHO, Small Businesses Stand to Benefit From Lower Corporate Income Taxes

New tax reform bills aim to reduce income taxes on companies from 30% to 20-25%

The second package of the Comprehensive Tax Reform Package is back in the spotlight after President Rodrigo Duterte urged its approval in his third State of the Nation Address. According to the President, Package 2 will benefit all businesses especially small and ...

by Raymond Abrea  | August 22, 2018 10:00:00
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