Manila Bulletin – Chan echoes urgency of Palace request for emergency powers on fuel tax suspension

Published Mar 7, 2026 01:55 pm Ako Bicol Party-list Rep. Jan Almario Chan echoed on Saturday, March 7 the urgent call from in and out of Congress to temporarily reduce or suspend excise taxes on oil imports and help cushion the impact of fuel price spikes on Filipino consumers. According to Chan, granting President Marcos his … Read more

Indonesia Budget Deficit: February IDR 135T Shortfall

Jakarta – Minister of Finance Purbaya Yudhi Sadewa announced that the State Revenue and Expenditure Budget… The post Indonesia Budget Deficit: February IDR 135T Shortfall appeared first on Archynetys. Source link

Grammarly No Longer Listed as Digital VAT Collector in Indonesia

TEMPO.CO, Jakarta – Indonesia’s Directorate General of Taxes (DJP) under the Ministry of Finance has removed American technology company Grammarly from the list of Value Added Tax (VAT) collectors for trading through electronic systems, known as VAT on PMSE. As of the end of January 2026, DJP had recorded 242 companies as VAT on PMSE collectors. … Read more

OECD to Philippines: Make bolder tax reforms – Philstar.com

OECD to Philippines: Make bolder tax reforms  Philstar.com OECD keeps 5.1% PH GDP growth forecast for 2026  Inquirer.net OECD: VAT exemptions, tax holidays must go  BusinessMirror PHL urged to phase out VAT exemptions for seniors, schools  BusinessWorld – BusinessWorld Online Ambitious reforms urged for PH growth  The Manila Times Source link

Ideal Tax Ratio Figure for Indonesia Difficult to Determine, Says Minister Purbaya

TEMPO.CO, Jakarta – Finance Minister Purbaya Yudhi Sadewa admitted there is no exact figure for the ideal tax ratio for the 2026 State Budget. According to him, Indonesia’s tax structure has high rigidity, making it difficult to change the tax ratio quickly. “It’s hard to determine the ideal figure, I don’t know,” said Purbaya when met in Jakarta, … Read more

The new tax audit landscape

IN 2025, the Bureau of Internal Revenue (BIR) suspended all its audit and field operations to realign its audit strategy and processes. This stemmed from congressional probes concerning the agency’s alleged “weaponization” of letters of authority (LOAs) and supposed anomalous audit practices. In a public consultation, the BIR presented a five-point priority reform and legacy … Read more

PH, Japan finalized update of tax treaty, DOF says

The Department of Finance (DOF) on Tuesday said it led formal negotiations to update the Philippines-Japan Double Taxation Convention (DTC). The talks were held from January 27 to 30. “As one of the Philippines’ most vital and enduring economic partners, the negotiation with Japan underscores our countries’ mutual commitment to strengthening partnership by providing a … Read more

Board of Peace Fee Equals Taxes of 2 Million Indonesians, Says Ex-Deputy Minister

TEMPO.CO, Jakarta – Former Deputy Minister of Foreign Affairs Dino Patti Djalal has urged the Indonesian government to reconsider its plan to pay US$1 billion, or the equivalent of Rp17 trillion, for membership fees to the US-backed Board of Peace. Dino warned that Rp17 trillion represents a significant amount for Indonesian diplomacy. “Rp17 trillion is a fantastic … Read more