PEZA is hoping that its proposed increase of its current gross income earned tax regime from 5% to 7% will be considered in Citira, instead of the corporate income tax rate, in order to retain the one-stop shop of PEZA for enhanced ease of doing business in ecozones.
A fixed 10-year or 15-year transition period to be extended to the locators on a per project basis to provide for a common sunset period considering the usual term for the end of life of products and useful life of equipment. Recognition of locators' indirect/constructive exports as part of export sales since inter-zone sales create local value-adding and backward linkages.
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PEZA chief changes heart, now favors CITIRA billAfter a long resistance, Trade Secretary Ramon Lopez says the head of the Philippine Economic Zone Authority now supports the passage of the bill that will cut short tax incentives granted to long-time investors.
Source: CNN Philippines - 🏆 13. / 63 Read more »
PEZA chief changes heart, now favors CITIRA billAfter a long resistance, Trade Secretary Ramon Lopez says the head of the Philippine Economic Zone Authority now supports the passage of the bill that will cut short tax incentives granted to long-time investors.
Source: CNN Philippines - 🏆 13. / 63 Read more »
De Lima files bill seeking to preserve CCTV recordingsBY MARIO B CASAYURAN Opposition Senator Leila M. de Lima sought Monday the preservation and protection of the images and recordings from security cameras not only to be used as possible leads but also as evidence in building up charges against suspected criminals. De Lima thus filed Senate Bill (SB) 1073 which mandates the preservation, protection and authentication of the data recording from closed circuit television (CCTV) cameras to be used for investigation and prosecution of crimes. “Justice that would have been denied from grieving families is rightfully served thanks to the availability of CCTV footages. Thus, it is incumbent upon us to enact a law to preserve the recorded video as soon as an incident within the vicinity of the security camera is identified,” de Lima said. She served as Justice Secretary during the Noynoy Aquino administration. She is currently facing trial on alleged illegal drugs-related charges. “As government offices and private establishments are usually unable to store recorded video data for a long time, it is prudent that the data, which can be used as evidence for criminal prosecution, be stored in a nationally maintained redundant storage system,” she added. Senate Bill 1073, also referred to as “Security Camera Evidence Preservation Act,” provides for a mechanism where videos recorded from CCTV cameras are preserved and duly authenticated to aid law enforcement agencies in their campaign against crimes. De Lima cited events when security cameras have been very crucial in recording criminal activities, including instances when an employee of the Bureau of Customs (BuCor) was caught by the CCTV camera accepting bribe money and when a woman was captured by the security camera being shot dead by her robber, in 2016. Despite the presence of CCTV cameras in private and public establishments, de Lima maintained that criminal elements that seek to erode the effectivity of the pieces of evidence continue to lurk. “Video recordings of crimin
Source: manilabulletin - 🏆 25. / 51 Read more »
WHO deploys personnel to help monitor polio cases, vows to provide logistics, technical supportThe World Health Organization (WHO) on Monday renewed its commitment to help the Philippines in addressing the polio problem that the country is now facing.
Source: manilabulletin - 🏆 25. / 51 Read more »
Tolentino bill seeks to empower LGUs to build own transport systemSenator Francis Tolentino is eyeing the approval of a bill that would authorize local government units (LGUs) to build their own transport systems to ease the traffic situation in their respective areas. Wala ito wild wild west lalo.
Source: manilabulletin - 🏆 25. / 51 Read more »
Legarda pushes 19 bills seeking to improve education in AntiqueDeputy Speaker and Antique Rep. Loren Legarda is pushing for the passage of 19 bills seeking the establishment of elementary schools and its conversion to integrated schools, citing the need to invest in education to lessen illiteracy and alleviate poverty in the province.
Source: manilabulletin - 🏆 25. / 51 Read more »