National newsbits for January 19, 2014 | Manila Bulletin | Latest Breaking News | News Philippines
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National newsbits for January 19, 2014

Tax Exemption

A Visayan lawmaker filed a bill seeking to hike the tax exemption threshold every three years for the 13th month pay in a move to promote the general welfare of workers. Iloilo Rep. Jerry Trenas filed House Bill 3670 calling for an increase in tax exemption ceiling for the 13th month pay from the current P30,000 to P75,000. “Our best tax payers are the employees who have no choice but to pay their monthly taxes through the withholding tax system . Yet they are the ones who are most burdened by the government for even their 13th month pay and other benefits are only exempt from taxes for only up to a certain extent,” he lamented. (Charissa M. Luci)

 

PROTECTED AREAS

The Department of Environment and Natural Resources (DENR) pushed for a more effective management of protected areas (PAs) this year, especially with the threefold increase in the 2014 budget of the agency’s Biodiversity Management Bureau (BMB), formerly the Protected Areas and Wildlife Bureau (PAWB). Secretary Ramon Paje said biodiversity conservation through efficient and effective management of the country’s PAs will remain as one of the top priorities for the DENR in 2014. Aside from the BMB’s increase in the budget this year, the bureau is going through manpower rationalization to ensure a more efficient implementation of its programs. (Ellalyn de Vera)

 

WORKERS’ PLIGHT

The House of Representatives is ready to pass labor-related bills seeking to ease the plight of workers. Speaker Feliciano Belmonte Jr. expressed the Lower Chamber’s readiness to pass bills that would improve the working conditions, after Labor Secretary Rosalinda Baldoz urged Congress to favorably act on the approval of five measures being pushed by her agency. “We will of course consider them and act according to their merits,” he said in an interview. Baldoz called on Congress to pass five labor-related measures, one of which seeks to cut down the processing time of labor disputes at National Labor Relations Commission (NLRC). (Charissa M. Luci)

 

GOV’T REAPPOINTMENT

President Benigno S. Aquino III has reappointed members of the Board of Directors of the Philippine Amusement and Gaming Corporation (Pagcor) led by its chairman and Chief Executive Officer Cristino Naguiat, Jr. Getting another one year tour of duty as members of the Board of Directors are Jorge Sarmiento; Eugene Manalastas; Enriquito Nuguid; and Jose Tanjuatco, Presidential spokesman Edwin announced over radio Saturday.  (JC Bello Ruiz)

 

SOKOR DONATION

South Korea’ s International WeLoveU Foundation is set to donate 100,000 dollars (roughly more than P4 million) to assist the Aquino government’s rebuilding initiatives in typhoon-stricken areas. The pledge was made last January 10 during a meeting between rehabilitation czar, former Senator Panfilo Lacson and the officials of the Korean foundation, including its country president, Choi Jeongmaan who is also the head pastor of the World Mission Society Church of God. During the meeting , Lacson recommended that the foundation’s assistance be given to Tanauan, Leyte.(Charissa M. Luci)

  • Hector David

    It is correct that employees of government and private sectors cannot escape from payment of income tax because the BIR has devised an effective collection method, the withholding tax system. It was designed to give the taxpayers a convenient manner in paying their taxes, ensure collection of taxes which might be lost for non-filing of returns, and of course, improve the cash flow of the government.

    The legislator’s proposal is good. But I hope he would also propose tax policies that would be beneficial not only to employees, but to the ENTIRE CITIZENS as well. A reduction of VAT rate but without reducing government revenues would at least ease the people from the burden of tax.

    On another note: BIR fears to either collect huge unpaid tax deficit still due from DUNKIN’ DONUTS local seller or sue the company for tax evasion for under-declaring its revenues in the return?

  • Hector David

    It is correct that all employees from government and private sectors cannot escape from payment of income tax because the BIR has designed an effective collection method, the withholding tax system. It was designed to give the taxpayer a convenient manner in paying income tax, ensure collection of taxes which may be lost for non-filing of returns, and of course, to improve cash flow of the government.

    The legislator’s proposal is a good idea. But I hope he would also propose tax policies that would be beneficial, not only to employees, but the ENTIRE CITIZENS as well. A reduction of VAT without diminishing government’s revenues would at least help ease the people, especially the less fortunate ones, from the burden of tax.