Tag: VAT
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Archbishop Urges Reeves to Back Down on Church VAT Raid
Overview: a tax relief in jeopardy? The Archbishop of York, Stephen Cottrell, has publicly called on Chancellor Rachel Reeves to protect a long-standing VAT exemption for repairs to listed religious buildings. With the Budget on the horizon, the clergy leader argues that a de facto VAT raid on churches would undermine the preservation of historic…
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Archbishop Urges Reeves to Spare Churches from VAT Raid in Budget Warning
Overview: a call to protect church VAT exemptions The Archbishop of York, Stephen Cottrell, has implored Chancellor Rachel Reeves to rethink proposed changes that could effectively amount to a VAT raid on churches. In the lead-up to the Budget, church leaders argue that any loss of VAT relief on repairs to listed religious buildings would…
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DEPDev Chief Balisacan Pushes Stricter Tax Enforcement Over VAT Cuts and Holiday Proposals
Policy stance: Prioritizing enforcement over tax holidays Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio M. Balisacan underscored a clear preference for tightening the grip on existing tax measures rather than introducing new reliefs such as tax holidays or lowering the 12% value-added tax (VAT). Speaking at the European-Philippine Business Dialogue (EPDB) during the…
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DEPDev Chief Balisacan Pushes Stricter Tax Enforcement Over New Holidays, VAT Cuts
Government Rebuffs Tax Holidays and VAT Cuts in Favor of Stronger Tax Enforcement The Philippine government, led by Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio M. Balisacan, is signaling a clear preference for tightening the reins on existing tax measures rather than introducing new relief like tax holidays or lowering the value-added tax…
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Balisacan Pushes Stricter Tax Enforcement Over Holidays and VAT Cuts in Philippines Fiscal Strategy
Shoring up revenues over tax holidays In a recent public briefing, DEPDev Secretary Arsenio M. Balisacan signaled a clear preference for tightening enforcement of existing tax measures rather than granting new tax holidays or pursuing immediate VAT reductions. Speaking on the sidelines of the European-Philippine Business Dialogue, he argued that preserving and strengthening the revenue…
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Tragedy in Northern Italy: Gas Blast Kills Three Carabinieri During Eviction
Overview of the incident A devastating gas explosion in a farmhouse near Verona, northern Italy, killed three officers from Italy’s Carabinieri military police and injured more than a dozen others. The blast occurred as police and firefighters were entering the property to enforce an eviction order against two brothers and a sister in their late…
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CTA Denies SCG Marketing Plea to Nullify 2013 BIR VAT Assessment
Overview: CTA denies SCG Marketing’s bid to overturn P9.2M VAT assessment The Court of Tax Appeals (CTA) has dismissed the petition filed by SCG Marketing Philippines, Inc. seeking to nullify a P9.2 million deficiency value-added tax (VAT) for the year 2013 assessed by the Bureau of Internal Revenue (BIR). In its decision issued on October…
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CTA Denies SCG Marketing’s Plea to Nullify P9.2M VAT Assessment
Overview of the Case The Court of Tax Appeals (CTA) has denied the petition filed by SCG Marketing Philippines, Inc., a company listed as a supplier of building materials and decorative products, seeking to reverse a P9.2 million deficiency value-added tax (VAT) assessment for the year 2013. The decision, issued on October 9, 2025, confirms…
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CTA Denies SCG Marketing Philippines’ Plea to Void P9.2M VAT Assessment
Overview The Court of Tax Appeals (CTA) has dismissed SCG Marketing Philippines, Inc.’s petition seeking to reverse a P9.2 million deficiency value-added tax (VAT) assessment for 2013, issued by the Bureau of Internal Revenue (BIR). In a decision issued on October 9, 2025, the CTA ruled that the petition was filed beyond the deadline, depriving…
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Budget 2026 Measures Take Effect: Fuel Costs Rise While VAT Cuts Target Hospitality and Education
Budget 2026 Takes Effect: What Changes Today Mean for Households The Irish government’s Budget 2026 measures, announced in the Dáil, moved into effect at midnight, bringing a mix of relief and new costs for households, businesses, and students. As debates resume in the Dáil, the government argues the package balances immediate supports with longer-term fiscal…