Tuesday, February 25, 2020

Jun 01 17, 10:37 am

COVID-19 spreads to 29 countries

There are now about 29 countries and territories hit by the novel coronavirus, as outbreaks are reported in Iran, Italy, and South Korea. Iran has the most number of deaths outside China, while South Korea has the most number of cases outside China. READ ALSO: China...

Croatia confirms first case of COVID-19

Croatia reported its first confirmed case of coronavirus disease 2019 (COVID-19). Channel News Asia reported that the patient was identified as young man who visited Milan in Italy between February 19 and 21. “It has been confirmed that the first patient was infected...

Hosni Mubarak dies at 91

Hosni Mubarak, the former President of Egypt, died on Tuesday. He was 91. His death was confirmed by Egypt's Middle East News Agency. Mubarak had a surgery last January and was photographed with his grandson during his recovery period. View this post on Instagram ‏كل...

200,000 church members to be tested in SoKor for COVID-19

Over 200,000 members of a church will be tested by South Korean health authorities as the country experiences a surge of new coronavirus cases. As of the latest tally, there are now 893 new cases, which fueled fears that the coronavirus is developing into a global...

House approves tax reform bill in 246-9 vote

by

The House of Representatives approved on Wednesday, May 31, a bill setting the annual personal income tax exemption to P250,000, increasing excise tax on fuel products and car sales, and taxing lotto winning and sugar-sweetened products.

House Bill No. 4774 or the Tax Reform for Acceleration and Inclusion Act (TRAIN) was approved by 246 congressmen with 9 voting against it before Congress takes its recess.

Under HB 4774, self-employed and or professionals shall pay eight percent income tax on gross income in excess of P250,000.

A P7 increase in excise tax per liter of unleaded premium gasoline, diesel, asphalts, bunker fuel, kerosene, premium gasoline and other products will be imposed on a staggered basis.
The average P2 to P3 hike will be implemented starting 2018, followed by a P2 hike starting 2019 and P1 hike in 2020.

There will be a P10 per liter tax on sugar sweetened products and a P200 tax per liter of sugar-sweetened beverage like imported sugar or fructose.

The excise taxes on automobile sales start in January 2019 as follows: 3 per cent for automobiles sold at P600,000 or below; P18,000 plus 30 per cent in excess of P600,000 for automobiles costing above P600,000 to P1.1 million; P168,000 plus 50 per cent in excess of P1.1 million for automobiles costing over P1.1 million to P2.1 million; P668,000 plus 80 per cent in excess of P2.1 million for automobiles costing over P2.1 million to P3.1 million and; P1,468,000 plus 90 per cent in excess of P3.1 milliion for automobiles costing over P3.1 miliion.

Tax on cash winnings from lotto and sweepstakes lottery shall be 20 per cent while donor’s taxes shall be 6 per cent.

COVID-19 spreads to 29 countries

There are now about 29 countries and territories hit by the novel coronavirus, as outbreaks are reported in Iran, Italy, and South Korea. Iran has the most number of deaths outside China, while South Korea has the most number of cases outside China. READ ALSO: China...

Croatia confirms first case of COVID-19

Croatia reported its first confirmed case of coronavirus disease 2019 (COVID-19). Channel News Asia reported that the patient was identified as young man who visited Milan in Italy between February 19 and 21. “It has been confirmed that the first patient was infected...

Hosni Mubarak dies at 91

Hosni Mubarak, the former President of Egypt, died on Tuesday. He was 91. His death was confirmed by Egypt's Middle East News Agency. Mubarak had a surgery last January and was photographed with his grandson during his recovery period. View this post on Instagram ‏كل...

200,000 church members to be tested in SoKor for COVID-19

Over 200,000 members of a church will be tested by South Korean health authorities as the country experiences a surge of new coronavirus cases. As of the latest tally, there are now 893 new cases, which fueled fears that the coronavirus is developing into a global...

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Heart talk: Don’t make it complicated

Heart talk: Don’t make it complicated

Philippine officials and health experts in the UAE advised overseas Filipino workers (OFWs) to take good care of their hearts not because February is the season of love, but due to the high number of reported cases of cardiovascular-related deaths. Heart diseases are...

Single Awareness Day: Why February is also the season for self-love

Single Awareness Day: Why February is also the season for self-love

For so long, February 14 is a day dedicated only for people who are in a relationship. Valentine’s Day has always been associated with love, cuddly bears, and heart-shaped balloons—all in overwhelming hues of pink and red. It has become so commercialized for couples...

Joint UAE police operation nets 28 phone scammers

Joint UAE police operation nets 28 phone scammers

A joint police operation of law enforcement yielded the arrest of 28 expats involved in phone scams in the UAE. In coordination with Dubai and Ajman Police, Abu Dhabi Police conducted a raid in the flats of two phone scam groups operating in the country. The phone...

COVID-19 spreads to 29 countries

There are now about 29 countries and territories hit by the novel coronavirus, as outbreaks are reported in Iran, Italy, and South Korea. Iran has the most number of deaths outside China, while South Korea has the most number of cases outside China. READ ALSO: China...

Croatia confirms first case of COVID-19

Croatia reported its first confirmed case of coronavirus disease 2019 (COVID-19). Channel News Asia reported that the patient was identified as young man who visited Milan in Italy between February 19 and 21. “It has been confirmed that the first patient was infected...

Hosni Mubarak dies at 91

Hosni Mubarak, the former President of Egypt, died on Tuesday. He was 91. His death was confirmed by Egypt's Middle East News Agency. Mubarak had a surgery last January and was photographed with his grandson during his recovery period. View this post on Instagram ‏كل...

200,000 church members to be tested in SoKor for COVID-19

Over 200,000 members of a church will be tested by South Korean health authorities as the country experiences a surge of new coronavirus cases. As of the latest tally, there are now 893 new cases, which fueled fears that the coronavirus is developing into a global...

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