January 9, 2009
Bogota budget plan has 10% tax hike – for now
BOGOTA -- Homeowners would see a 10 percent municipal tax increase under the proposed 2007 borough budget. Total spending in the $6.8 million plan is down $131,804 from last year, but the amount to be funded by taxes is up nearly $500,000. Read more hereTax officers indicted over Shin share transfers
Public prosecutors yesterday charged former Revenue Department chief Sirote Swasdipanich and four former senior officials with malfeasance for their failure to collect tax in the 1997 Shin Corp share transfer.
BIR may wind up tax credit scheme
Availment of tax credit certificates — which reached P200 million in April to the surprise of the Bureau of Internal Revenue, could be winding down since most of the credits were collected in advance in 2005, the agency’s highest official said.
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