+ Follow GISON Tag
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 197739
[Title] => Senate, DOF agree on excise tax formula
[Summary] => Finance Secretary Jose Isidro Camacho announced yesterday that the Senate and the Department of Finance (DOF) have reached an agreement on how to apply the excise tax on automobiles without burdening the industry excessively while still generating acceptable levels of revenues for the government.
Camacho said the proposal will use the foreign exchange rate as a base when adjusting the manufacturers’ price for each vehicle.
[DatePublished] => 2003-03-05 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 196756
[Title] => Government mulls forex fluctuations in computing excise tax for vehicles
[Summary] => The government is considering the possibility of using the fluctuations in the foreign exchange rate as the trigger for the application of the excise tax on motor vehicles under the proposed bill that would amend the existing excise tax structure.
Finance Secretary Jose Isidro Camacho told reporters that the Department of Finance is in discussion with Congress on how to apply the excise tax on automobiles without burdening the industry excessively while still generating acceptable levels of revenues for the government.
[DatePublished] => 2003-02-25 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 184573
[Title] => Gov’t curbs tax perks of ecozone firms
[Summary] => Unrelated income tax generated by export industries inside the special economic zones are not qualified for the five percent preferential gross income tax rate applicable to export-oriented firms.
This ruling was made by the Department of Finance (DOF) which said that export enterprises are now required to pay the full 32 percent corporate tax on income generated by unrelated businesses.
Under the government’s incentive program, export industries located in special economic zones are exempted from paying the full 32-percent corporate income tax.
[DatePublished] => 2002-11-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 169668
[Title] => IC warns 16 non-life insurance firms
[Summary] => The Insurance Commission (IC) has given 16 non-life insurance companies up to the end of the month to raise their capital to a minimum of P50 million or face closure.
Under Department Order 31-01 of the Department of Finance (DOF), all life and non-life insurance companies are required to have a minimum capital of P50 million by end June this year. Failure to meet the deadline would result in a suspension of operations and possible closure of the company.
[DatePublished] => 2002-07-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 152871
[Title] => ‘Shell, Petron cheated government of P1.5-B’
[Summary] => Oil giants Petron and Shell had defrauded the government of more than P1.5 billion each by using fake tax credit certificates to settle their tax obligations, a finance official told the House good government committee yesterday.
Director Ernesto Hiansen, who heads the finance department’s one-stop shop that is in charge of issuing tax credit certificates (TCCs), said Petron used 389 TCCs worth P1.153 billion between 1992 and 1998.
[DatePublished] => 2002-03-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097047
[AuthorName] => Jess Diaz
[SectionName] => Headlines
[SectionUrl] => headlines
[URL] =>
)
[5] => Array
(
[ArticleID] => 145440
[Title] => Government seeks new DOJ opinion on PNB deal with Tan
[Summary] => The government is seeking the legal opinion of the Department of Justice (DOJ) anew to ensure the memorandum of agreement (MOA) it will sign with the group of business tycoon Lucio Tan...
[DatePublished] => 2001-12-31 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 132366
[Title] => Zero tariff OK’d for equipment, raw materials
[Summary] => The Department of Finance (DoF) has agreed in principle for a zero tariff rate on imported capital equipment and raw materials not locally available. However, the DoF still wants to review the matter of raw materials especially on the question of substitution.
To make up, though, for the corresponding revenue loss, the government will impose a one percent service fee.
The DoF decision is in response to the request of local industries to lower tariff rates on industry imports.
[DatePublished] => 2001-09-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 96317
[Title] => Government opts for joint sale of PNB shares with Tan
[Summary] => The government is no longer pursuing its call-option plan for Philippine National Bank (PNB) since it is not interested in increasing its shares in the bank controlled by tycoon Lucio Tan.
The call option plan was supposed to be signed by the government and PNB once the bank’s rehabilitation plan is on stream. But it was junked in favor of the plan for a joint sale of the government’s remaining shares in the bank along with Tan’s stakes.
[DatePublished] => 2001-03-05 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 98403
[Title] => No conditions for P10-billion infusion in PNB, say officials
[Summary] => Taipan Lucio Tan cannot attach any conditionality to the infusion of an additional P10 billion in Philippine National Bank.
This was the joint opinion of Finance Undersecretary Cornelio Gison and Bangko Sentral ng Pilipinas (BSP) Deputy Governor Alberto V. Reyes.
[DatePublished] => 2000-10-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
GISON
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 197739
[Title] => Senate, DOF agree on excise tax formula
[Summary] => Finance Secretary Jose Isidro Camacho announced yesterday that the Senate and the Department of Finance (DOF) have reached an agreement on how to apply the excise tax on automobiles without burdening the industry excessively while still generating acceptable levels of revenues for the government.
Camacho said the proposal will use the foreign exchange rate as a base when adjusting the manufacturers’ price for each vehicle.
[DatePublished] => 2003-03-05 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 196756
[Title] => Government mulls forex fluctuations in computing excise tax for vehicles
[Summary] => The government is considering the possibility of using the fluctuations in the foreign exchange rate as the trigger for the application of the excise tax on motor vehicles under the proposed bill that would amend the existing excise tax structure.
Finance Secretary Jose Isidro Camacho told reporters that the Department of Finance is in discussion with Congress on how to apply the excise tax on automobiles without burdening the industry excessively while still generating acceptable levels of revenues for the government.
[DatePublished] => 2003-02-25 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 184573
[Title] => Gov’t curbs tax perks of ecozone firms
[Summary] => Unrelated income tax generated by export industries inside the special economic zones are not qualified for the five percent preferential gross income tax rate applicable to export-oriented firms.
This ruling was made by the Department of Finance (DOF) which said that export enterprises are now required to pay the full 32 percent corporate tax on income generated by unrelated businesses.
Under the government’s incentive program, export industries located in special economic zones are exempted from paying the full 32-percent corporate income tax.
[DatePublished] => 2002-11-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 169668
[Title] => IC warns 16 non-life insurance firms
[Summary] => The Insurance Commission (IC) has given 16 non-life insurance companies up to the end of the month to raise their capital to a minimum of P50 million or face closure.
Under Department Order 31-01 of the Department of Finance (DOF), all life and non-life insurance companies are required to have a minimum capital of P50 million by end June this year. Failure to meet the deadline would result in a suspension of operations and possible closure of the company.
[DatePublished] => 2002-07-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 152871
[Title] => ‘Shell, Petron cheated government of P1.5-B’
[Summary] => Oil giants Petron and Shell had defrauded the government of more than P1.5 billion each by using fake tax credit certificates to settle their tax obligations, a finance official told the House good government committee yesterday.
Director Ernesto Hiansen, who heads the finance department’s one-stop shop that is in charge of issuing tax credit certificates (TCCs), said Petron used 389 TCCs worth P1.153 billion between 1992 and 1998.
[DatePublished] => 2002-03-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097047
[AuthorName] => Jess Diaz
[SectionName] => Headlines
[SectionUrl] => headlines
[URL] =>
)
[5] => Array
(
[ArticleID] => 145440
[Title] => Government seeks new DOJ opinion on PNB deal with Tan
[Summary] => The government is seeking the legal opinion of the Department of Justice (DOJ) anew to ensure the memorandum of agreement (MOA) it will sign with the group of business tycoon Lucio Tan...
[DatePublished] => 2001-12-31 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 132366
[Title] => Zero tariff OK’d for equipment, raw materials
[Summary] => The Department of Finance (DoF) has agreed in principle for a zero tariff rate on imported capital equipment and raw materials not locally available. However, the DoF still wants to review the matter of raw materials especially on the question of substitution.
To make up, though, for the corresponding revenue loss, the government will impose a one percent service fee.
The DoF decision is in response to the request of local industries to lower tariff rates on industry imports.
[DatePublished] => 2001-09-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 96317
[Title] => Government opts for joint sale of PNB shares with Tan
[Summary] => The government is no longer pursuing its call-option plan for Philippine National Bank (PNB) since it is not interested in increasing its shares in the bank controlled by tycoon Lucio Tan.
The call option plan was supposed to be signed by the government and PNB once the bank’s rehabilitation plan is on stream. But it was junked in favor of the plan for a joint sale of the government’s remaining shares in the bank along with Tan’s stakes.
[DatePublished] => 2001-03-05 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 98403
[Title] => No conditions for P10-billion infusion in PNB, say officials
[Summary] => Taipan Lucio Tan cannot attach any conditionality to the infusion of an additional P10 billion in Philippine National Bank.
This was the joint opinion of Finance Undersecretary Cornelio Gison and Bangko Sentral ng Pilipinas (BSP) Deputy Governor Alberto V. Reyes.
[DatePublished] => 2000-10-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
February 25, 2003 - 12:00am
December 31, 2001 - 12:00am
