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Dutertenomics - Tax Reforms

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  • BeerhandBopBeerhandBop I Am WHIP PEx Influencer ⭐⭐⭐
    yabang mo naman . ikaw nga ang nakapagpakita ng ignorance many times in the past.

    say what you will about miscomss and sargo, but sargo posts half truths. not outright lie, certainly not fake news. and sometimes do post the truth if it benefits them in some way.

    and they never attack any user.
  • BeerhandBopBeerhandBop I Am WHIP PEx Influencer ⭐⭐⭐
    anyway, so pduts will spend a tons load of money, and they have clearly said that they will have to rely on the tax schemes to get the money to finance the projects. that just mean that they know that this new tax scheme is going to tax everybody at a higher rate.

    it may not be outright income tax, it will be taxed some other way, nonetheless.
  • dinky207dinky207 Member PEx Influencer ⭐⭐⭐
    this is what he should concentrate on. he has to cut taxes to be competitive, esp now with Trump cutting USA taxes
  • BeerhandBopBeerhandBop I Am WHIP PEx Influencer ⭐⭐⭐
    yea. except if you have half a brain, he isn't cutting taxes. he is killing the buying power of the ordinary mamayan
  • sargosargo got balls PEx Influencer ⭐⭐⭐
    dinky207 wrote: »
    this is what he should concentrate on. he has to cut taxes to be competitive, esp now with Trump cutting USA taxes

    Trump is cutting taxes for the rich and corporations, not for the middle and lower class.
  • sargosargo got balls PEx Influencer ⭐⭐⭐
    dutertenomics - "golden age of infrastructure" costs mag billions of pesos.

    who and how will the government pay for these?
    • increase taxes people will pay
    • decrease social services to free up funds
    • take mega loans that pinoys will pay up for generations
    • print more money that will cause inflation to go up

    all of the above are inflationary in nature. they will hurt pinoys across the board.

    its impact will be negated or minimized if the PHL o through mega hyper on foreign investments and its GDP goes up to 8% to 12% level.

    but how will foreign investments pour in when Dutete is known internationally as the EJK proponent and the human rights violator? and the PHL is know is a hyper violent country. then Dutete has cursed and insulted foreign leaders, countries and agencies?

    as that show, Dutete is THE liability of the country.
  • mimigsmimigs Member PEx Veteran ⭐⭐
    That proves sargo and friends wants noynoying :), mas maniniwala naman kami kai dof dominguez kesa sayo noh :)

    Still cant accept the fact duterte poured in a lot of investments from other countries :),

    Unlike what your boss aquino did noynoying and do nothing... Incompetency.

    Nice try trying to be relevant :) wala naba pag asa vice president nyo? Haha
  • ObjectionObjection Too much winning PEx Influencer ⭐⭐⭐
    EJK aside since non-factor naman yun, puro media narrative lang :glee:
    I doubt matutuwa foreign investor sa income tax increase since di naman sila small time and sa kalokohan na vehicle & gas price increase

    Also pag lapag palang nila sa NAIA siguro bwesit na sila sa habang mga pila, dahil na slash funds ni Duterte yun sweldo dapat ng mga immigration officers :glee:
  • ylle45ylle45 Member PEx Icon 🎖️🎖️🎖️
    ^^

    I agree media narrative lang naman EJK na yan:lol:


    ok na yata sa immigration maikli na pila:lol:
  • buddywbuddyw Member PEx Influencer ⭐⭐⭐
    Long lines back at NAIA immigration counters
    MANILA, Philippines - Long lines were back at the Ninoy Aquino International Airport (NAIA) terminals yesterday as only a few immigration officers (IOs) were available to process passengers’ documents.

    The lines first started in January when Malacañang prohibited immigration officers from receiving overtime pay, saying it is illegal.

    Several IOs went on leave and complained that their take home pay was slashed by more than 50 percent due to non-payment of overtime.

    Red Marinas, Bureau of Immigration’s port operation division chief, said the officers were having a hard time making both ends meet, their take-home pay not even enough for rent and their children’s schooling.

    He said some officers were looking for extra jobs to augment their incomes.

    “Malacañang has promised to expedite the processing of the Immigration Act that will raise the grade levels of our salary. Nothing has come out of that promise,” Marinas said.

    Airport manager Ed Monreal last month talked to immigration officers who promised him that there would be enough personnel to man the booths.

    The officers promised Monreal that they would cooperate and not cause any delay to the airport’s operation.

    Marinas said the job of an immigration officer is among the most dangerous in the world.

    He said these officers deal everyday with all kinds of people - both local and international - without knowing if one of them could be a terrorist.

    Tourism authorities have been luring foreign tourists to visit the country, but the long queues at the airport might make them change their mind.

    The situation irritated even Filipino passengers who were worried they might miss their flight.

    One woman complained to a security guard that she developed abdominal pains from waiting too long.

    Immigration supervisors and agents from the travel control and enforcement unit were compelled to man the vacant counters and perform the duties of immigration officers.

    IOs from airports in other parts of the country were sent to Manila to fill the vacancies.

    “Most of them refused to be transferred to NAIA because of unpaid overtime service,” a BI official said. –
  • TheEndofDaysTheEndofDays Member PEx Influencer ⭐⭐⭐
    Mataas ang excise tax sa kotse

    Kung gusto ng mga car manufacturers maka benta pa rin
    Ibaba nila ang SRP, na pag na include ang excise tax parang same pa rin

    Pag gusto pa rin maka dami ng bente, ibaba pa rin na halos mas mababa pa kaysa dati with excise tax na, hahaha!

    May makikita na tayo sa billboard yan 2019 Toyota Vios starts at 750k (excise tax included), hehehe
  • sargosargo got balls PEx Influencer ⭐⭐⭐
    sargo wrote: »
    dutertenomics - "golden age of infrastructure" costs mag billions of pesos.

    who and how will the government pay for these?
    • increase taxes people will pay
    • decrease social services to free up funds
    • take mega loans that pinoys will pay up for generations
    • print more money that will cause inflation to go up

    all of the above are inflationary in nature. they will hurt pinoys across the board.

    its impact will be negated or minimized if the PHL o through mega hyper on foreign investments and its GDP goes up to 8% to 12% level.

    but how will foreign investments pour in when Dutete is known internationally as the EJK proponent and the human rights violator? and the PHL is know is a hyper violent country. then Dutete has cursed and insulted foreign leaders, countries and agencies?

    as that show, Dutete is THE liability of the country.

    point #3 on the list above

    [tweet]
  • ralfymanralfyman Member PEx Rookie ⭐
    Why not a flat tax rate for income and increased tax rates for non-necessities? Also, streamline the whole process: remove multiple copies of forms, frequent reporting, keeping copies and photocopies of various documents, etc. Use computers and networks for data collection, payments, etc., with data redundancies and high levels of security.
  • ObjectionObjection Too much winning PEx Influencer ⭐⭐⭐
    ralfyman wrote: »
    Why not a flat tax rate for income and increased tax rates for non-necessities? Also, streamline the whole process: remove multiple copies of forms, frequent reporting, keeping copies and photocopies of various documents, etc. Use computers and networks for data collection, payments, etc., with data redundancies and high levels of security.

    Sino ba nasa pwesto, diba mga lawyers at mga relatives nilang accountants. Malakas kumita yan. The more complicated, the better for them. :glee:

    Mahilig rin yung mga communist / socialist gumawa ng bullsh1t na palusot tulad ng flat tax punishes lower income and gives benefit to higher income. As if naman walang balak yun lower income lumaki rin ang kanyang income and enjoy the benefits. :glee:
  • ThugLineThugLine Member PEx Influencer ⭐⭐⭐
    Income Tax rate from this
    table-01.jpg

    To this in 2018 and 2023
    table-2_F2DEE7130B9E458E9B9FB074747A9657.jpg

    Additional taxes
    Fuel, sugar-sweetened drinks

    To compensate for the loss of revenue, Congress decided to increase taxes on fuels such as gasoline, diesel, and liquefied petroleum gas (LPG), among others. This means higher prices for such commodities.

    Diesel, which at present has no tax, would be imposed P2.50 per liter in 2018, P4.50 in 2019, and P6 in 2020.

    LPG would have a tax of P1 in 2018, P2 in 2019, and P3 in 2020.

    For gasoline, from the current tax of P4.35 per liter, it would be imposed a levy of P7 in 2018, P9 in 2019, and P10 in 2020.

    For 2018, aviation gas would be taxed P4 per liter; asphalts P8 per kilogram; kerosene P3; naphtha P7; bunker fuel P2.50; lubricating oil P8; paraffin wax P8; and petcoke P2.50.

    All petroleum products used as input, feedstock, raw materials for petrochem, and refining or as replacement fuel are tax-exempt.

    Legislators also agreed to impose a tax of P6 per liter on drinks using sugar and artificial sweeteners and P12 on drinks using high fructose corn syrup. Milk and instant coffee are exempted.

    Sin tax

    The joint panel also decided to increase the prices of tobacco by 2018 despite the absence of this provision in both the Senate and House versions.

    Under the existing sin tax law passed in 2012, the tax rate for next year would be P31.20.

    But if TRAIN is signed into law, this would increase to P32.50 for the first 6 months of 2018 (January 1 to June 30).

    It would then increase to P35 from July 1, 2018 to December 31, 2019.

    A tax of P37.50 would then be imposed from 2020 to 2021; P40 by P2022 to P2023; and a 4% annual increase after that.

    Cars, mining, cosmetic surgery

    The bicam also approved a 4-tier tax scheme for automobiles:

    4% for up to P600,000
    10% for over P600,000 to P1 million
    20% for over P1 million up to P4 million
    50% for over P4 million
    All pick-up trucks and electric vehicles would be exempted from additional taxes.
    Hybrid cars would be imposed half the taxes as non-hybrid vehicles.

    Congress also decided to impose a 5% levy on cosmetic surgeries and to double taxes on mining
  • ponga_esponga_es Noynoy Homer PEx Rookie ⭐
    I heard from a friend sa UAE. Mitsubishi Pajero nila (3.8L) starts with 89,999 AED that's 1,260,000Php. Bakit di kayang gawin ng Mitsubishi ang ganyang SRP sa Pinas plus the tax (1.5M) considering na di hamak na mas malaki ang Overhead ng mga tao sa UAE compare sa Pinas.
  • gotta lick itgotta lick it Member PEx Influencer ⭐⭐⭐
    ThugLine wrote: »
    Income Tax rate from this
    https://assets.rappler.com/612F469A6EA84F6BAE882D2B94A4B421/img/8FCED49A66F646BE850500D3D269A63E/table-01.jpg

    To this in 2018 and 2023
    https://assets.rappler.com/612F469A6EA84F6BAE882D2B94A4B421/img/F2DEE7130B9E458E9B9FB074747A9657/table-2_F2DEE7130B9E458E9B9FB074747A9657.jpg

    Additional taxes
    Fuel, sugar-sweetened drinks

    To compensate for the loss of revenue, Congress decided to increase taxes on fuels such as gasoline, diesel, and liquefied petroleum gas (LPG), among others. This means higher prices for such commodities.

    Diesel, which at present has no tax, would be imposed P2.50 per liter in 2018, P4.50 in 2019, and P6 in 2020.

    LPG would have a tax of P1 in 2018, P2 in 2019, and P3 in 2020.

    For gasoline, from the current tax of P4.35 per liter, it would be imposed a levy of P7 in 2018, P9 in 2019, and P10 in 2020.

    For 2018, aviation gas would be taxed P4 per liter; asphalts P8 per kilogram; kerosene P3; naphtha P7; bunker fuel P2.50; lubricating oil P8; paraffin wax P8; and petcoke P2.50.

    All petroleum products used as input, feedstock, raw materials for petrochem, and refining or as replacement fuel are tax-exempt.

    Legislators also agreed to impose a tax of P6 per liter on drinks using sugar and artificial sweeteners and P12 on drinks using high fructose corn syrup. Milk and instant coffee are exempted.

    Sin tax

    The joint panel also decided to increase the prices of tobacco by 2018 despite the absence of this provision in both the Senate and House versions.

    Under the existing sin tax law passed in 2012, the tax rate for next year would be P31.20.

    But if TRAIN is signed into law, this would increase to P32.50 for the first 6 months of 2018 (January 1 to June 30).

    It would then increase to P35 from July 1, 2018 to December 31, 2019.

    A tax of P37.50 would then be imposed from 2020 to 2021; P40 by P2022 to P2023; and a 4% annual increase after that.

    Cars, mining, cosmetic surgery

    The bicam also approved a 4-tier tax scheme for automobiles:

    4% for up to P600,000
    10% for over P600,000 to P1 million
    20% for over P1 million up to P4 million
    50% for over P4 million
    All pick-up trucks and electric vehicles would be exempted from additional taxes.
    Hybrid cars would be imposed half the taxes as non-hybrid vehicles.

    Congress also decided to impose a 5% levy on cosmetic surgeries and to double taxes on mining

    this will be start DuDirty downfall.

    why tax asphalt which is the poorman's road pavement? kerosine the poorman's home gas? LPG which is the blood of food and beverage industry?

    especially bunker fuel. that will skyrocket the electricity rate given the philippines already has the highest electricity rate in SEA.




    good luck to us. blame the [#]16MStupidFilipinoVoters[/#]
  • vince_44vince_44 Member PEx Veteran ⭐⭐
    this will be start DuDirty downfall.

    why tax asphalt which is the poorman's road pavement? kerosine the poorman's home gas? LPG which is the blood of food and beverage industry?

    especially bunker fuel. that will skyrocket the electricity rate given the philippines already has the highest electricity rate in SEA.




    good luck to us. blame the [#]16MStupidFilipinoVoters[/#]

    excited na ako sa tax reform biruin mo madagdagan ng 4,300 ang take home pay ko monthly. kahit pa mg increase pa ng bilihin di mauubos ang 4,300 ko. mga taong tamad lang at unemployed tulad mo di nasisiyahan sa tax reform na ito.
  • strike_nustrike_nu Member PEx Rookie ⭐
    Malaki pa rin ang tulong ng EVAT nina Recto at GMA kahit unpopular ito para sa mga tao kaya maganda ang Economy noong panahon ni GMA at Panot. At least sa Tax Reform, may mitigation measures naman unlike Evat. kahit medyo mataas ang inflation, may saving pa rin under tax reform.

    TAX Reform is patterned after tax system on other countries. Malaking tulong pa rin ito para sa mga tao katulad ng EVAT.
  • elBartoloelBartolo Member PEx Influencer ⭐⭐⭐
    vince_44 wrote: »
    excited na ako sa tax reform biruin mo madagdagan ng 4,300 ang take home pay ko monthly. kahit pa mg increase pa ng bilihin di mauubos ang 4,300 ko. mga taong tamad lang at unemployed tulad mo di nasisiyahan sa tax reform na ito.

    Tapos kung dalawa pa kayo ng asawa mo nagtatrabaho at assuming same ang sweldo nyo, aba 8000+ savings per month din yan. [email protected] lang ang hindi susuporta sa TRAIN.

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