Senator Win Gatchalian said heirs will have another chance to avail of the government’s estate tax amnesty program as the Senate approved on the third and final reading a proposed measure that would extend by 2 years the period of availment and simplify the process of the tax relief.
Senator Win Gatchalian wants to include a provision allowing an installment payment feature in the proposed measure extending estate tax amnesty in the hope that this would encourage more taxpayers to avail of the tax reprieve.
Senator Win Gatchalian called on the Bangko Sentral ng Pilipinas (BSP) to remind banks that Republic Act 11055 or the Philippine Identification System Act compels them to accept the national ID as sufficient proof of identity for financial transactions and any bank that refuses to recognize it will be fined P500,000.
Senator Win Gatchalian wants more Filipinos to become financially adept for their future by having savings and insurance accounts that they could tap into during times of emergencies and other unexpected financial difficulties.
Senator Win Gatchalian is proposing a legislation that would institutionalize automatic income classification of local government units (LGUs) to improve public services.
Senator Win Gatchalian wants the Department of Information and Communications Technology (DICT) to provide the necessary platform for marginalized local government units (LGUs) to automate their respective operations including tax administration.
Senator Win Gatchalian is seeking to boost foreign tourist arrivals in the country and create more jobs with the establishment of a mechanism for a refund of value-added tax (VAT).
As the deadline for the filing of income tax returns approaches, Senator Win Gatchalian is urging taxpayers to settle their obligation as soon as possible.
Senator Win Gatchalian said the proposed real property valuation reform measure is expected to expedite the automation of local government units (LGUs) across the country and improve efficiency in revenue collection.