Buwis

The National Treasury has defended proposed changes under the 2026 Finance Bill that would move the main tax filing deadline from June 30 to April 30 and compress nil returns to January 31.

April 29, 2026 Iniulat ng AI

Nag-utos ang Bureau of Internal Revenue (BIR) ng Letters of Authority upang suriin ang tax records ni Vice President Sara Duterte, ng kanyang asawang si Manases Carpio, at ng siyam na negosyo na kaugnay sa kanila. Batay ito sa probable cause mula sa third-party data tulad ng SALN at AMLC reports. Ito ay nagdaragdag ng presyur sa kanyang ongoing impeachment case.

President Lee Jae Myung on Tuesday shared a media report on social media platform X comparing property taxes on homeowners in major foreign cities to South Korea's. He questioned why South Korea's effective tax rate of about 0.15 percent is low compared to around 1 percent in New York, 1.7 percent in Tokyo, and 0.4 to 0.6 percent in Shanghai. Lee has prioritized stabilizing home prices for months.

March 19, 2026 Iniulat ng AI

Building on its recent simplifications for salaried taxpayers, the Kenya Revenue Authority (KRA) has confirmed that individuals can file nil tax returns using mobile phones starting after March 31. Employed individuals and business owners may still face hurdles with mobile filing.

The government has outlined new conditions that must be fulfilled before implementing its planned reductions in key taxes, including Pay As You Earn (PAYE), Value Added Tax (VAT), and income tax, as it seeks to balance fiscal sustainability with taxpayer relief. The policy shift comes nearly three weeks after assurances from President William Ruto and Treasury Cabinet Secretary John Mbadi that the administration was committed to lowering major taxes to ease the cost of living. Treasury Principal Secretary Chris Kiptoo stated that the tax reduction plans will depend on the expansion of the tax base.

February 23, 2026 Iniulat ng AI

The napkin curve, formally known as the Laffer Curve, offers a simple illustration that lower taxes can boost government revenue through growth. In reality, it serves more as a political tool than a precise policy guide. Empirical evidence shows that in most advanced economies, tax cuts rarely fully offset lost revenue.