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Wednesday, May 28, 2008 |
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Senate okays new exemptions |
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Bill certified as urgent gives higher exemptions to
taxpayers
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The Senate passed Tuesday on third and final
reading the certified bill exempting minimum-wage earners from
paying income tax, and increasing the personal and additional
exemptions of taxpayers.
Sen. Francis Escudero, chairman of the Senate
Committee on Ways and Means, said the measure provides relief to
workers who are suffering from the higher cost of living.
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NFA sets 200,000 MT private rice imports
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The National Food Authority (NFA) has set a 200,000-metric ton
tender of rice to be imported by private companies from any country
willing to export the staple, as the latest tender for rice from the
country’s traditional sources only attracted one bidder.
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Esperon may face rights charges
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Now that he is a civilian, former military chief Hermogenes Esperon
Jr. may end up facing a series of charges from the spouses of the
detained soldiers who were charged with rebellion.
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Lawmakers warn on VAT
removal from oil, power
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A solon and a ranking official of the Department of Finance on
Tuesday warned that exempting oil and power from the value-added tax
(VAT) will put the country in a worse condition despite the
immediate relief it can give to consumers.
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Catholic schools to push with tuition hikes
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Schools run by the Catholic Church are not keen
on heeding the government’s request of freezing their tuition
increases when classes open next month.
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X-ray machines help boost
drive vs smuggling
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The X-Ray Inspection Project of the Bureau of Customs turned out to
be the x-factor in the government’s fight against trafficking and
smuggling among others as it netted P1.6-billion worth of revenues
for the agency during the first eleven months of its operations.
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Durano upbeat on tourism employment
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Tourism Secretary Ace Durano sees “growing and glowing” global
prospects for the country’s tourism workforce.
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