Gå ubegrenset med Magzter GOLD

Gå ubegrenset med Magzter GOLD

Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare

$149.99
 
$74.99/År

Prøve GULL - Gratis

Gov’t eyes general tax amnesty, online gambling levy in 2025

Manila Bulletin

|

August 12 2025

Economic Journalists’ Association of the Philippines (EJAP) Economic Forum 2025 on Monday, Aug. 11., that new taxes remain off the table, but a general tax amnesty and online gambling tax measures are now being crafted.

“While no new tax proposals are on the table, refined measures—such as the rationalization of the mining fiscal regime—are awaiting enactment. We are also studying the possibility of enacting general tax amnesty and online gambling tax laws,” Recto said.

These measures, particularly general tax amnesty, will be pushed for legislation this year, Recto said. However, these would still need approval from the President or the Cabinet.

Clear revenue collection targets for the planned tax amnesty are still unavailable, Recto said, but it will cover taxes handled by the country’s main tax agencies—the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC).

Recto clarified that the amnesty measure is different from the bill previously passed by Congress but later vetoed by former President Rodrigo Duterte, noting that this is a “simple” general tax amnesty bill.

To recall, an estate tax amnesty was implemented earlier this year. Recto noted growing public calls for its extension, which he said will be included in the planned general tax amnesty.

FLERE HISTORIER FRA Manila Bulletin

Manila Bulletin

DBP needs longer dividend relief to recover MIC capital

State-run Development Bank of the Philippines (DBP) will continue to seek regulatory and dividend relief for several more years as it aims to recover the capital it infused into the Maharlika Investment Corp. (MIC).

time to read

1 mins

December 2, 2025

Manila Bulletin

FLI deploys P2 B for 10 new projects

Gotianun-led Filinvest Land Inc. (FLI) reported that it has reinvested ₱1.86 billion raised from the share buyback and exchange for Filinvest REIT Corporation (FILRT) shares executed on December 11, 2024.

time to read

1 min

December 2, 2025

Manila Bulletin

Olivarez captures back-to-back Open titles

Eric Jed Olivarez further solidified his status as one of Philippine tennis' brightest stars after clinching the Mayor Edwin Olivarez National Open Tennis Championship crown for the second straight year, emphatically defeating the same opponent he swept in last year's finals.

time to read

1 min

December 2, 2025

Manila Bulletin

An indelible trademark for nat'l athletes

The design went public June last year on the track suits of Filipino athletes while in training camp in Metz for the Paris Olympics Last October, Filipino athletes at the World Games in Chengdu last August were all clad in a perked up and more colorful tracksuits and podium shirts, and the same uniforms were worn at the Asian Youth Games in Manama in October.

time to read

1 min

December 2, 2025

Manila Bulletin

Manila Bulletin

PH to miss 2025 growth target

Corruption taking heavy toll on economy

time to read

2 mins

December 2, 2025

Manila Bulletin

Angara: 2026 DepEd budget to sustain universal, targeted school feeding

Department of Education (DepEd) Secretary Sonny Angara on Monday, Dec. 1, said the 2026 budget of the DepEd will allow the agency to sustain its combined approach of universal and targeted school feeding, as lawmakers approved a significant increase to strengthen the government's efforts to curb undernutrition and support early learning.

time to read

1 mins

December 2, 2025

Manila Bulletin

Corruption scandal hits investor trust

Japanese financial giant MUFG Bank Ltd. said investors have turned pessimistic following heightened political risks, but the relative strength of the Philippine peso is buoying sentiment.

time to read

1 mins

December 2, 2025

Manila Bulletin

PNP, Informatics ink education pact to boost digital skills of cops

The Philippine National Police (PNP) said Friday, Nov. 28, that it has expanded its push for atechnology-skilled and future-ready force through a newly signed educational partnership with Informatics Philippines and PNP Foundation, Inc. (PNPFI).

time to read

1 mins

December 2, 2025

Manila Bulletin

Borrowing costs drop on S&P nod

The Marcos administration borrowed P25 billion through the sale of short-dated Treasury bills, exceeding its planned amount of P22 billion, as lower borrowing costs and a recent affirmation from debt watcher S&P Global Ratings boosted investor appetite.

time to read

2 mins

December 2, 2025

Manila Bulletin

Pag-IBIG Fund assists 3.2 million members through cash loans in Jan-Oct, up 28%

Pag-IBIG Fund helped 3.2 million Filipino workers meet their immediate financial needs through its short-term loan (STL) programs from January to October 2025, marking a 28% increase in borrowers compared to the same period last year, officials announced on Monday, Dec 1.

time to read

2 mins

December 2, 2025

Listen

Translate

Share

-
+

Change font size