Category : Search result: corporate income tax exemption


DHSUD Proposes CIT Exemption for Economic Housing

The DHSUD and DTI-BOI are reviewing a plan to classify economic housing as tax-exempt mass housing under BP 220. This aims to speed up affordable home development and provide clearer incentives for private developers in the Philippines.

P1.2M smuggled cigarettes seized, 3 arrested

Law enforcement operations in Zamboanga Peninsula and Soccsksargen lead to three arrests and the confiscation of P1.2 million worth of smuggled cigarettes. Details on the separate busts here.

PH Targets Upper Middle-Income Economy by 2026

Finance Secretary Frederick Go reaffirms the 2026 target for the Philippines to achieve upper middle-income status, citing economic growth strategies and addressing forex challenges. Read the full story.

BIR Issues New Rules for Business Registration

The BIR has released updated guidelines to streamline registration. Learn the new documentary requirements for OPCs and corporations to avoid delays. #BIR #PhilippinesBusiness

SM City Mindpro's ChriSMiles Aids 50 Zamboanga Learners

SM City Mindpro spreads joy this Christmas, distributing food packs to 50 indigent students at Edwin Andrews Airbase Elementary School through its ChriSMiles initiative. Read how community partnership made it happen.

Cebu City Offers Tax Relief for Typhoon-Affected Businesses

Cebu City Treasurer's Office recommends tax relief for businesses impacted by Typhoon Tino for 2026 computations, but clarifies it cannot waive penalties without a city ordinance. Learn about the proposal and its legal basis.

PhilHealth to Receive Record P113B Subsidy in 2026

The DBM commits to timely fund release for PhilHealth's P113B 2026 subsidy, the largest single-year investment for poor Filipinos' healthcare, backed by sin taxes and restored SC funds.

Bacolod OKs P4.75B 2026 Budget with P300M Hike

Bacolod City Council unanimously approves a P4.75 billion budget for 2026, a P300 million increase. Funds target health, social services, and revenue generation. Read the details.

Tax Break for Special Needs Families Filed in Congress

Pampanga Rep. Carmelo 'Pogi' Lazatin Jr. files HB 6504, seeking a ₱50,000 tax deduction for parents of CSNs/YSNs to cover therapy, education, and medical costs. Learn about the bill's details and its potential impact on Filipino families.

BIR Amends Rules for Secretary's Certificates

The BIR now accepts documents signed by Assistant Corporate Secretaries, streamlining business registration for Philippine companies. Learn how this change reduces administrative burden.

Cebu City Launches Digital Payment System for Taxes

Cebu City Hall introduces digital payment options for taxes, fees, and obligations through mobile phones. The new ordinance promises faster transactions and 24/7 access to government services.

Porac Quarry Operations Resume December 5

Porac sand and gravel quarry operations resume December 5 after temporary suspension. Association confirms independent decision amid ecological tax dispute with local government.

BIR Commissioner Targets LOA Abuse Punishment

New BIR Commissioner Charlito Mendoza pledges action against employees exploiting Letters of Authority. Taxpayers urged to report abuses directly. Ongoing investigation follows Senate resolution.

BIR Suspends Field Audits, Cebu Businesses Relieved

Cebu's business community welcomes the suspension of BIR field audits, a move providing relief from compliance pressures and aiding post-calamity recovery. Learn more about this positive development.

Porac Quarry Halt Risks P40M in Pampanga Revenue

Quarry operations in Porac are halted due to a new ecological tax dispute, risking ₱40 million in revenue. The association has stopped work for up to two weeks. Learn the latest on this Pampanga issue.

FSCC 2026 Priority: Map Corporate Links for Stability

Philippine Financial Stability Council prioritizes corporate linkage mapping for 2026 to identify contagion risks and strengthen systemic monitoring. Learn how this protects the financial ecosystem.

Fresh Filipino Christmas Party Themes for 2025

Tired of the same old Great Gatsby theme? Discover 7 innovative Christmas party ideas for Filipino companies, from Pinoy nostalgia to cosmic futurism. Make your office celebration unforgettable!

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