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TAX & BUSINESS-RELATED NEWS [SEPTEMBER 11-19]

Industry group lauds approval of BPO transfer to BOI for remote, hybrid setup [ABS-CBN News, September 19, 2022]
The approval of the transfer of business process outsourcing (BPO) firms to the Bureau of Investments, which does not have geographical limits in conducting businesses, is a sign that the government recognized the sector's economic contribution, an industry group said Monday.
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House panel OKs bill allowing students to take exams despite unpaid school fees [ABS-CBN News, September 19, 2022]
The House Committee on Higher and Technical Education on Monday approved a bill that would allow students to take their exams despite having unpaid school fees.
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DTI frowns on tax-exempt ‘lifestyle’ double-cab pickup trucks [Manila Bulletin, September 19, 2022]
Trade and Industry Secretary Alfredo E. Pascual is seeking review of the excise tax exemption on double cab pickup trucks to limit this privilege to the real utility workhorse vehicle — the regular single-cab & chassis pickup — and not the fully accessorized double cab that is far from the reach and need of the micro, small and medium entrepreneurs (MSMEs).
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Labor dep't bats for wider adoption of remote work schemes [ABS-CBN News, September 18, 2022]
In a statement, the DOLE said Secretary Bienvenido Laguesma signed last Friday Order No. 237, which revises the IRR of Republic Act 11165 or the Telecommuting Law.
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GSIS retakes Pasay site; Gloria Maris evicted [Inquirer Mobile, September 17, 2022]
The state pension fund said in a statement this happened upon the orderly and peaceful implementation of an eviction process carried out over three days from Sept. 14 to Sept. 16. The property in question occupies 2,592 square meters at the CCP Complex in Pasay City.
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Bongbong Marcos transfers Tesda from DTI to DOLE [The Philippine Star, September 17, 2022]
Under EO5, TESDA becomes attached to DOLE for policy and program coordination, as “it is the policy of the national government to rationalize the functional structures of agencies with complementary mandates and promote coordination, efficiency and organizational coherence in the bureaucracy.”
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AboitizPower assumes control of Mindanao coal plant operator [Inquirer Mobile, September 17, 2022]
Aboitiz Power Corp. is cornering a significant stake in the local subsidiary of German company STEAG GmbH, which runs a coal-fired power plant in Mindanao.
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Provisional thresholds for M&A notices set as Bayanihan 2 ends [The Philippine Star, September 17, 2022]
The Philippine Competition Commission (PCC) has set a provisional threshold for compulsory notification of mergers and acquisitions (M&As) as the two-year temporary thresholds under the Bayanihan to Recover as One Act (Bayanihan 2) already lapsed.
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Gov’t ends impasse on BPOs’ WFH appeal [Inquirer Mobile, September 17, 2022]
Business process outsourcing (BPO) firms located in ecozones may carry on with the work-from-home (WFH) arrangement for up to 30 percent of their workforce until the end of this year while they work on the transfer of their registration to the Board of Investments (BOI) from the Philippine Economic Zone Authority (Peza).
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Birth pains: Debut of Manny Villar’s AllTV fails to excite netizens [Bilyonaryo, September 16, 2022]
Select shows and performances are now streaming via the Advanced Media Broadcasting System (AMBS), which now occupies frequencies taken away from ABS-CBN since it lost its franchise.
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Bezos Loses Spot as World’s Second-Richest Person to Adani [Bloomberg, September 16, 2022]
Gautam Adani, the Indian tycoon who has climbed the wealth rankings at breakneck speed this year, surpassed Jeff Bezos to become the world’s second-richest person.
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DOH backs extension of work-from-home arrangements [ABS-CBN News, September 16, 2022]
The Department of Health on Friday expressed support in allowing employees to continue to work remotely, saying the arrangement has proven beneficial.
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LTO eyes online registration of motor vehicles [Inquirer.Net, September 16, 2022]
At present, vehicle owners must visit an LTO office to submit the registration requirements, pay the required fees, and then receive their registration stickers or license plates, among others.
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Japan’s No. 1: Tenya opens first express store at SM Megamall [Inquirer.Net, September 16, 2022]
After making a name in Japan as the country’s No. 1 Tempura Tendon, Tenya has also been gaining traction in the Philippines, fueling its expansion to eight megacities across the capital region.
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Tax collectors, justice officials argue over proposed creation of national taxpayer advocate office [ABS-CBN News, September 15, 2022]
Philippine tax collectors and justice officials squared off over a proposal to create a national taxpayer advocate office.
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Lucio Co's The Keepers to acquire 50% of 'Alfonso' brandy maker [The Philippine Star, September 15, 2022]
Lucio Co’s imported liquor distribution company The Keepers Holdings Inc. said Thursday it sealed the 50% equity purchase of a 140-year-old Spanish winery of ‘Alfonso’ brandy fame.
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Multinational consortium bags $11 billion Sangley Point International Airport Project [ABS-CBN News, September 15, 2022]
The SPIA Development Consortium is led by infrastructure developer Cavitex Holdings Inc, financial firm House of Investments Inc and Samsung C & T Corp, with other members including LT Group's aviation service arm MacroAsia Corp, Munich Airport International GmbH, and Ove Arup & Partners Hong kong Limited.
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Bataan bounces back: Check these 5 must-visit places [Manila Bulletin, September 14, 2022]
A living monument of valor, gallantry, and heroism. This is how the Department of Tourism (DOT) describes the province of Bataan. Just a two-and-a-half-hour drive away from Manila via North Luzon Expressway (NLEX), this province is popular since it is home to significant historical moments.
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Marcos on his family’s alleged unpaid estate tax case: Open it, let us argue [Manila Bulletin, September 13, 2022]
“We are actually encouraging that this is finally be resolved because I don’t want to make a legal opinion for which I am not qualified. But rather to say, that we were never allowed to argue because when this case came out we were all in the United States,” the President said.
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DOF: Service contractors with workers in WFH setup not liable to pay mayor’s permit fee [GMA News Online, September 13, 2022]
Finance Secretary Benjamin Diokno issued Local Finance Circular (LFC) No. 001.2022 on September 1, 2022, which states that “service contractors that provide temporary or outsourced personnel, including those in a work from home (WFH) arrangement, for clients in local government units (LGUs) where it does not maintain any office, are not liable to pay a mayor’s or business permit fee.”
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Creator and Influencer Council of the Philippines launches first face-to-face general membership meeting [Manila Bulletin, September 12, 2022]
The Creator and Influencer Council of the Philippines (CICP) launched its first face-to-face general membership meeting with the theme, “From Memes to Videos: The Story of Trendjacking by PGAG.”
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Manny Villar, Ernest Cu exploring partnership: AllTV to invade your mobile phone through Globe [Bilyonaryo, September 11, 2022]
A Babbler revealed Villar has been in talks with bilyonaryo Ernest Cu, president and chief executive officer of Globe Telecom, in recent weeks for a potential tie-up with AllTV Channel 2, the former Senate president’s boldest investment in media (Villar owns a radio station).
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