Malacañang remains optimistic that the Philippines will achieve an upper-middle income status within President Marcos’ term even if the country remained under the lower-middle income category in the ...

Open Table Metropolitan Community Church (Open Table MCC) and the Progressive Organization of Gays in the Philippines (Progay ...

Those funds can mean food on the table, payment of school fees or medicine for someone sick. Now, President Donald Trump and the Republicans want to impose a burdensome tax on those remittances ...

Montana Gov. Greg Gianforte signs an income tax reduction bill, House Bill 337, sponsored by House Speaker Brandon Ler, R-Savage, on April 28, 2025. BLAIR MILLER, Montana State News Bureau ...

MATI CITY, Davao Oriental (PIA) – As the April 15 tax deadline draws near, the Bureau of Internal Revenue-Revenue District Office (BIR-RDO 114) in Mati City is again reminding taxpayers in Davao ...

AS we usher in 2025, let’s revisit some key aspects of the 2024 tax legislation that have significantly transformed the taxation landscape in the Philippines.

The Income-tax Bill, 2025, tabled in Parliament today by the Finance Minister, seeks to revamp the existing Income-tax Act of 1961 by making the tax system more streamlined and user-friendly.

The new 622-page Income Tax Bill 2025 and aims to replace the 60-year-old Income Tax Act of 1961 and once passed will be called the Income Tax Act, 2025. It is expected to take effect in April 2026.

Finance Minister Nirmala Sitharaman introduced the Income Tax Bill 2025 in Lok Sabha, aiming to replace the 1961 Act. Set for implementation in April 2026, it seeks to simplify and consolidate tax ...

The Income Tax Bill, 2025 comprises 536 sections, higher than 298 sections of the current Income-Tax Act, 1961. The existing law has 14 schedules which will increase to 16 in the new legislation.

Income Tax: Now taxpayers have a longer timeframe of up to 48 months to file an updated income tax return which was 2 years earlier. The provision of ITR (U) was introduced in Budget 2022 ...

Finance Minister Nirmala Sitharaman announced during her Budget 2025 speech that the government will table a new Income Tax Bill in Parliament next week. (Image/Pixabay) Finance Minister Nirmala ...