The President has approved a bill prescribing taxes for on line sellers. Will this result in rise in prices of goods from Lazada or Shopee?
Can BIR meet their target (they are not likely to do so) ?
Showing posts with label BIR. Show all posts
Showing posts with label BIR. Show all posts
Saturday, October 5, 2024
Wednesday, July 27, 2022
Taxing the digital world in the PHL
It is more fun criticizing
House bill No 1745 amending amending Section 105 of the NIRC authoreddby Rep Joey Salceda
A tax expert was interviewed in the TV this morining (PM) in Cambridge USA regarding taxing the players in the digital space. All ready there is howling from the mini players doing their on on line selling at various digital plat form
1. Who are to be taxed? The soc media, the local players on line selling, their suppliers.
Truly BIR sees this as revenue source because: 1. There is marked shift especially from bricks and
mortar firm to on line sellers: big ones and resellers . Bricks and mortars firms: malls, restaurants
small stores etc lost their business to on line digital sellers. 2. The pandemic saw shifts to on llne
modesl 1. deliveries 2. on line banking - payments and even investments 3. deliveries
4. on line medical services and more
And yet they are not taxed. Most especially the big firms based in USA They are taxed in USA,
get most of their revenues here, but do not pay any tax. Like in the last election, billions were
spent locally by the candidates, but they did not pay taxes here.
It is fair and just for the digital platforms
2. We should separate frist time sellers or the SMEs and not group them with #1 Thus the books of accounts and regular reporting with BIR should be dispensed with and simple taxation should be
implemented. One sector of the cabinet spouses growth of SMEs but a move to tax up and coming
business hould be discouraged
3. In the past we have passed laws that were unique like taxing cosmetic surgery however none was
ever collected. BIR may not have the resources nor the data to effect the collection. Can BIR collect this new taxes
Friday, April 1, 2022
All that the govt BIR has to do is to collect the taxes - sell the estate garnish the subject estate instead of making this a political piece
It is more fun criticizing
If indeed the P20 billion or P200 billion estate taxes on a certain family that is collectible final and executory all that BIR has to do is conduct a sale, garnish the property so that the govt gets its taxes. There is no need to make a carnival out of this issue.
Its not the fault of the family not to have paid the taxes if there are legal issues on ownership. If the BIR is really intent on collecting it shall be collected.
The parties who have made public outcry of this issue should have stayed quiet on this if the information is incomplete or merely parroting an opinion of supposed sagacious persons
This embarrassing for them, supposed presidentiables if they just jumped into conclusion and made media mileage on a false or incomplete information
We hope BIR collects soon as directed by the President and stop making this as a political issue. Negativism, or running on a platform based on hate is not a solid strategy.
Wednesday, March 30, 2022
The P203 billion estate taxes - the biggest lie in the election campaign for 2022
It is more fun criticizing
Rigoberto Tiglao a former leftist and now a columnist of Manila Times said that the P203 billion estate taxes of Marcos is a lie.
He has this explanation.
Thursday, March 24, 2022
On Non Payment of Estate Taxes of the Marcoses - Rodriguez vs Ramel
It is more fun criticizing
Read more: https://newsinfo.inquirer.net/1563316/fwd-not-paying-estate-tax-properties-still-under-litigation-says-marcos-camp#ixzz7OQKOpap7
Follow us: @inquirerdotnet on Twitter | inquirerdotnet on Facebook
Critics, candidates for 2022 election may be speaking based on incomplete information and unsubstiated facts about the Marcoses. One of the main issues is the non payment of the estate taxes. P23 billion say some, P200 billion says the other.
What is an estate tax? It is tax to be paid by the heirs when the estate from the deceased is to be transferred to the heirs.
But in the case of Marcoses that can not happen yet since the subject properties are subject of litigation
Many opponents even in the debate are speaking with certainty about the said alleged offense
Here is what the Marcos camp have to say
“For the enlightenment of Mr. Ramel, this case is hinged on a legal issue that has yet to attain finality since the government through the public prosecutors has filed a Motion for Reconsideration with the Sandiganbayan, on the forfeiture proceedings on the very same properties that were made the tax base in the computation of the estate tax by the BIR (Bureau of Internal Revenue) thus, the properties subject of the estate tax case are still under litigation,” Rodriguez said in a statement.
“In fact, even BIR and the Presidential Commission on Good Government (PCGG) have arrived at an agreement for the BIR to wait for the decision on the said case before any collection enforcement activities and to establish ownership of the subject properties with certainty to determine with accuracy the fair and just tax base to be used in computing estate taxes, if any,” he added.
How can you or will estate taxes be paid on estate that is subject of litigation and hence can not be transferred to the names of the heirs
Read more: https://newsinfo.inquirer.net/1563316/fwd-not-paying-estate-tax-properties-still-under-litigation-says-marcos-camp#ixzz7OQKOpap7
Follow us: @inquirerdotnet on Twitter | inquirerdotnet on Facebook
As this is still undergoing adjudication, it is suggested that this not be made an issue in the debate or the election. Instead of having more mileage in the campaign, this clarification may have backfired on those who are trying to gain advantage on a false claim vs the more popular Marcos
Friday, October 27, 2017
No wonder the Left (and Trillanes) are criticizing and opposing the country's top leader
It is more fun criticizing
Rizal Philippines
October 27, 2017
Unfulfilled Administration promises from Manila Times
From Inq- Unfulfilled Election promises
It seems that the enthusiasm behind the country's top leadership has waned despite high ratings in the country's survey. No wonder the honeymoon of the administration with the Left is over, and there is no love lost between the leadership and Sen. Sonny Trillanes. Many are thankful that Trillanes is there because otherwise, the top leader is unstoppable in his ways.
Direction going haywire
The direction of the administration has seem to have gone haywire with many of the promises unfulfilled: the horrendous traffic, crimes (still abound - pinasok ng baklas rehas ang bahay namin a mere 80 meters away from the Police Station) marami pang snatchers at non drug related killings
Integrity issues hanging
And there seem to be credibility and integrity issues hanging in the air with regards to Trillanes rift, and the members of the first family wealth, connection with the big time drug lords, the BOC connection
Errors in decision making/knowledge
The top honcho must have made some shooting from the hip, lack of consultation/nor knowledge of the system when he made the promises. Some how he got the votes when the carrots were dangled:
1. Increasing doubling the salaries of soldiers
2. SSS pension increase. This would break the SSS. Now to make the SSS viable, the contributions have to be increased and there are objections from the employers and employees
These are possible if the tax reforms are in place. And so with scholarship at SUC. There are no funds yet. Decide and think and solve the possible problems later?
The administration seem to facing a lot of challenges in having the tax reform bill passed.
One might surmise that the way govt is spending money, the finances are in big deficit now.
Some advance the criticsm that the way the country is being run, is as if it is Davao City
Trapo din
The current leadership is not much different from other adminstrators who give favors to parties who supported the elections campaign and funding, the kababayan and friends family members given preferences. And who can say for sure that corruption has stopped: at BOC, at DPWH, at BIR
And making the govt a center of Mindanao folks and even making Davao City the center of the country
Many were suckered in with pictures and promise of brighter tomorrow which will never come
Pikon and revengeful
Some parties, the big media companies which draw the ire of the top honchos are allegedly soundly rebuked and subjected to harassment. As in the case of Mile Long property of the Prieto. Prieto owns the Inq which is critical of the leadership
Hair raising scenarios
About a revolutionary government about nationwide martial law?
The right leader, the right change for our country will not come yet as of now.
As of now, we can only pray that the current leadership can be more and do more, and rise about pettiness and traditional politics so that he will carve out a name for himself in the Philippine history
Rizal Philippines
October 27, 2017
Unfulfilled Administration promises from Manila Times
From Inq- Unfulfilled Election promises
It seems that the enthusiasm behind the country's top leadership has waned despite high ratings in the country's survey. No wonder the honeymoon of the administration with the Left is over, and there is no love lost between the leadership and Sen. Sonny Trillanes. Many are thankful that Trillanes is there because otherwise, the top leader is unstoppable in his ways.
Direction going haywire
The direction of the administration has seem to have gone haywire with many of the promises unfulfilled: the horrendous traffic, crimes (still abound - pinasok ng baklas rehas ang bahay namin a mere 80 meters away from the Police Station) marami pang snatchers at non drug related killings
Integrity issues hanging
And there seem to be credibility and integrity issues hanging in the air with regards to Trillanes rift, and the members of the first family wealth, connection with the big time drug lords, the BOC connection
Errors in decision making/knowledge
The top honcho must have made some shooting from the hip, lack of consultation/nor knowledge of the system when he made the promises. Some how he got the votes when the carrots were dangled:
1. Increasing doubling the salaries of soldiers
2. SSS pension increase. This would break the SSS. Now to make the SSS viable, the contributions have to be increased and there are objections from the employers and employees
These are possible if the tax reforms are in place. And so with scholarship at SUC. There are no funds yet. Decide and think and solve the possible problems later?
The administration seem to facing a lot of challenges in having the tax reform bill passed.
One might surmise that the way govt is spending money, the finances are in big deficit now.
Some advance the criticsm that the way the country is being run, is as if it is Davao City
Trapo din
The current leadership is not much different from other adminstrators who give favors to parties who supported the elections campaign and funding, the kababayan and friends family members given preferences. And who can say for sure that corruption has stopped: at BOC, at DPWH, at BIR
And making the govt a center of Mindanao folks and even making Davao City the center of the country
Many were suckered in with pictures and promise of brighter tomorrow which will never come
Pikon and revengeful
Some parties, the big media companies which draw the ire of the top honchos are allegedly soundly rebuked and subjected to harassment. As in the case of Mile Long property of the Prieto. Prieto owns the Inq which is critical of the leadership
Hair raising scenarios
About a revolutionary government about nationwide martial law?
The right leader, the right change for our country will not come yet as of now.
As of now, we can only pray that the current leadership can be more and do more, and rise about pettiness and traditional politics so that he will carve out a name for himself in the Philippine history
Tuesday, December 10, 2013
Tax collection efforts will lose traction because of DAP and PDAF
It is more fun criticizing
Philippines December 10, 2013
Our friends remarked and they are under BIR tax audit, that voluntary willful payment of taxes would have been the order of the day were it not for the PDAF and DAP events. It would have been tuwid na daan and many would be willing to pay their taxes promptly and faithfully. But not after PDAF. With the wanton wastage of the taxpayers money, with the plunder and stealing that is going on at the highest level (without the PNoys knowledge) we cant expect belligerence or revolt on the part of the taxpayers. Their agressiveness in tax collection should be matched with care and diligence how that money must be spent
Philippines December 10, 2013
Our friends remarked and they are under BIR tax audit, that voluntary willful payment of taxes would have been the order of the day were it not for the PDAF and DAP events. It would have been tuwid na daan and many would be willing to pay their taxes promptly and faithfully. But not after PDAF. With the wanton wastage of the taxpayers money, with the plunder and stealing that is going on at the highest level (without the PNoys knowledge) we cant expect belligerence or revolt on the part of the taxpayers. Their agressiveness in tax collection should be matched with care and diligence how that money must be spent
Friday, November 29, 2013
Did Pacman pay or not pay the proper taxes?
It is more fun criticizing
Repost from Herald Sun | November 27, 2013
We have heard and seen the media battle between BIR and the Cong Paquiao on what appears to be a battle for the money - P2 billion ($50million) in tax deficiency being claimed by BIR from the congressman and Pambansang Kamao Pacman. Now, if the claims are true, then he is penniless if he cant touch is bank accounts. And this is humiliating, and embarrassing for the sportsman (have you been in this kind of mess)
Pacman's lawyers claim that income taxes have been paid in US as soon as they were paid to Pacman. Newspapers have listed him to have earned more than $300 million in purse money in his career. Last year his earnings was placed at $14 million.
Meanwhile, the PHL president has suggested to Pacman to face the issues at BIR (From PHLstar - PNOY to Pacman: Pay up, shut up | November 29 2013
Repost from Herald Sun | November 27, 2013
We have heard and seen the media battle between BIR and the Cong Paquiao on what appears to be a battle for the money - P2 billion ($50million) in tax deficiency being claimed by BIR from the congressman and Pambansang Kamao Pacman. Now, if the claims are true, then he is penniless if he cant touch is bank accounts. And this is humiliating, and embarrassing for the sportsman (have you been in this kind of mess)
Pacman's lawyers claim that income taxes have been paid in US as soon as they were paid to Pacman. Newspapers have listed him to have earned more than $300 million in purse money in his career. Last year his earnings was placed at $14 million.
Meanwhile, the PHL president has suggested to Pacman to face the issues at BIR (From PHLstar - PNOY to Pacman: Pay up, shut up | November 29 2013
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