LTO, MMDA revokes all commemorative plates

From MMDA’s facebook: As per Land Transportation Office (LTO) memorandum, please be informed that as of July 31, 2013, all previous authorities to use commemorative plates have already expired. Therefore, ALL commemorative plates installed in motor vehicles are invalid and should no longer be displayed. Apprehension of those who are still using expired commemorative plates […]

BIR extends deadline on use of new receipts

BIR released  REVENUE MEMORANDUM CIRCULAR NO 52-2013.  The memorandum extends the original deadline of using new receipts from August 30 to October 31, 2014.  But the extension is subject to two conditions which include: a. Businesses should be have authority to print (ATP) issued by the BIR on or after Jan. 1, 2011. This means […]

Will Philippine stock market players need to file tax for their gains next year?

A new BIR scheme is nudging professionals to declare income which was not required in the past. The BIR denied that hat they are asking private citizens to file a “personal” Statement of Assets and Liabilities and Net worth or SALN, which is required only of government employees.  Only government officials are required to do […]

Philippine budget deficit outlook for 2010: shortfall not too bad?

  In ABS-CBN's recent article, they reveal that each Filipino now owes P47,039 to local and foreign creditors, based on the national government's total debt stock as of September. A month before that, each of the 92.2 million Filipinos owed P45,889.  The culprit: the widening budget deficit that prompts the government to borrow some more. […]

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