Tag: collection’
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Gov’t to consider new taxes if revenue collection falls short — Recto
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THE GOVERNMENT will only consider introducing new taxes if revenue collection falls short of target, the Department of Finance (DoF) said. “It’s easy to pass a tax law. It’s easy to do a tabletop revenue estimate. What’s always harder is implementing the law and collecting the tax,” Finance Secretary Ralph…
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BIR collection of withholding tax from online sellers starts
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THE BUREAU of Internal Revenue (BIR) on Monday started collecting a withholding tax on online platforms and sellers.