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BIR is Against Tax Exemption Policy for Manny Pacquiao


welcome By: Elena Grace Flores

English: Shortly after the weigh in for the Ma...
English: Shortly after the weigh in for the Manny Pacquiao-Joshua Clottey Fight in Arlington, Texas. In the background are Bob Arum and Jerry Jones (Photo credit: Wikipedia)

What can we expect from the Philippine’s Bureau of Internal Revenue Commissioner, Kim Henares over the tax exemption bill passed by lawmakers for Manny Pacquiao and othe great athletes? Of course, she will do everything in her power to oppose it. Citing that it’s the citizens’ obligations to pay taxes from the start and it’s unfairness to other day to day heroes who are earning less. Does Kim Henares knew the government’s obligations to their people? Hear her out:

Henares opposes bills seeking to exempt Pacquiao from taxes

By: ABS-CBN

Bureau Internal Revenue (BIR) Commissioner Kim Henares called the proposal to exempt Sarangani Representative Manny Pacquiao from income taxes for life unfair.

Henares said some ordinary Filipinos put their lives at stake in their line of work, but are not given tax breaks.

She added that if Pacquiao will be granted a lifetime tax exemption, based on the bill filed by Valenzuela City Rep. Magtanggol Gunigundo, celebrities and other athletes, who also give honor to the country, should also be exempted.  http://www.abs-cbnnews.com/video/sports/12/05/13/henares-opposes-bills-seeking-exempt-pacquiao-taxes


When will the government exhibit protecting the welfare of its people – when it even failed to inspire good tax payers to do more? If the plight of Sabah suicide land claimers had been forgotten after the death of Sultan Jamalul Kiram – where total abandonment was obvious by the Aquino administration, many native Filipinos did not. Just waiting for the right time perhaps for their turn  because indeed, life is like a wheel!

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World Bank Backing up Philippine Recovery after Typhoon Yolanda


welcome By: Elena Grace Flores

English: Capitol of the Province of Leyte, Phi...
English: Capitol of the Province of Leyte, Philippines. The capitol is located at Tacloban City (Photo credit: Wikipedia)

38.8 Billion Pesos supplemental budget is needed to rebuild Tacloban that was wiped out by the recent outrage of typhoon Yolanda. This is only for the first 5 priorities – relief supplies, shelter, livelihood restoration, utility services and immediate infrastructure as per Rappler.com. Foreign aids are pouring in and the people are asking – where do they all went. Maybe this will help:

Philippines: Timely Reconstruction to Lessen Impact of Typhoon Yolanda—World Bank

By: The World Bank

December 6, 2013WASHINGTON, December 6, 2013 – Timely implementation of the country’s recovery and reconstruction program will reduce the economic and social impact of Typhoon Yolanda (Haiyan) and help the Philippines maintain a high growth rate that benefits the poor.  http://www.worldbank.org/en/news/press-release/2013/12/06/philippines-reconstruction-impact-typhoon-yolanda-world-bank


500 million US$ sounds like a lot of money but Philippines need more than that at this point in time. The initial budget of 38.8B is not yet final because what about hospital manpower, medical equipment/facilities and many more to at least counsel depressed victims? Bear in mind also that although Tacloban was badly hit, so as other parts of the eastern region. Hope that many more generous bodies will help out in rehabilitating survivors from their unimaginable trauma – and thanks to all the countries, associations and individuals who are kind enough in contributing to the rebuilding of Tacloban and elsewhere.

 

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Philippine Congress Proposed Free Tax for Manny Pacquiao

welcome By: Elena Grace Flores

English: Rep. Manny Pacquiao at a speaking eng...

Some people might think that giving a tax-free privilege to the second highest paid boxer in the world is ridiculous but for many lawmakers, particularly in the Philippine congress, this has been long overdue – not just for Manny Pacquiao but also for the rest of our Filipino athletes. So far, the government did not have any substantial incentive to personalities who are giving honor to our country. This is the least we can do for them. Check this news:

Lawmaker wants lifetime tax exemption for Pacquiao

By:  RG Cruz, ABS-CBN News

MANILA – Valenzuela City Rep. Magtanggol Gunigundo wants to give his colleague, Sarangani Rep. and boxing champion Manny “Pacman” Pacquiao a lifetime tax exemption.

This, after Congressman Elpidio Barzaga filed a resolution asking to probe the Bureau ofInternal Revenue (BIR) for Pacquiao’s tax problems, and after Congressman Lito Atienza filed a bill seeking to grant tax perks to athletes who win prizes overseas. http://www.abs-cbnnews.com/sports/12/05/13/lawmaker-wants-lifetime-tax-exemption-pacquiao


Many years back, Senator Manny Villar once introduced Senate Bill No. 1104 (see this link: http://www.senate.gov.ph/lisdata/85987152!.pdf) that will give a tax-free benefit for athletes who are doing well but this was not acted upon during that time. It’s good news that this time, Manny Pacquiao’s fellow congressmen are initiating it – because before an athlete gets into the top, he or she will have to go through sacrifices in life while practicing discipline at the same time. Basically what every Filipino must do to be successful in his or her field. Let’s support this bill!

Web Design by:  Miracquel Puelong

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It’s Illegal to Reconnect Disconnected Meralco Meter by Yourself

welcome By: Elena Grace Flores

Meralco Bill
Meralco Bill (Photo credit: Brian Sahagun)

It was surprising that when the electric utility of our delinquent tenant got disconnected by Meralco, they actually did not suffer a black out – because they simply reconnected it by themselves. I took a photo of the illegally reconnected meter and noticed that there was no tag compared to the other meters. Meralco’s customer service agent explained that the tenant reconnected it on their own – and it’s not the first time it happened. Although it’s prohibited, the owner of the rented apartment must exercise his or her right to secure Meralco’s tools so as not to get penalized. Read this:

What happens if a customer commits an illegal use
of electricity?

By: Meralco

A consumer who is discovered to have committed the offense of illegal use of electricity will, in addition to the imposition of appropriate penal sanction, be required to pay a differential billing to the electric utility, to be computed in accordance with existing laws, rules and regulations.- http://www.meralco.com.ph/pdf/consumercare/MagnaCarta.pdf

It’s clear that so far, there’s no protection available for landlords and land ladies yet when it comes to the electricity bills and charges left by tenants – so, the best thing to do is to regularly control the electricity charges of tenants or from the beginning, change the name of the bill to the tenant’s name upon signing the lease agreement. If in doubt, you can also request for tampering test from Meralco while the questionable tenant is still renting the place. This is to have a solid proof that the renter is the one responsible for the tampering.

Web Design by:  Miracquel Puelong

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Tax Deal with Manny Pacquiao Possible?

welcome By: Elena Grace Flores

English: Ricky Hatton and Manny Pacquiao at th...
English: Ricky Hatton and Manny Pacquiao at the Trafford Centre. From left to right: Floyd Mayweather, Sr., Hatton, Pacquiao and Freddie Roach. (Photo credit: Wikipedia)

OFWs or Overseas Foreign Workers are considered living heroes in the Philippines and they are actually given the Free of Tax Privilege. Yes, we can’t say who’s right or wrong between the Bureau of Internal Revenue’s bout with boxing champion Manny Pacquiao. They are both just justifying their actions as they claim that it’s their duty to do so. So, If Manny is also considered a living hero for giving dignity to the Filipino people, is he worthy of a tax consideration if not exemption for a job well done? Read this (most phrases are in English but there are also Tagalog expressions):

Govt open to compromise with Pacquiao on tax case, says BIR chief Kim Henares

By: www.gmanetwork.com

The Bureau of Internal Revenue (BIR) is open to a compromise deal with Philippine boxing champion and Rep. Manny Pacquiao in relation to a P2.2-billion tax case, based on the Internal Revenue Code which allows such an arrangement between government and the taxpayer. http://www.gmanetwork.com/news/story/337565/economy/finance/govt-open-to-compromise-with-pacquiao-on-tax-case-says-bir-chief-kim-henares


Nothing can’t be solved if both parties will have a heart to heart talk. Since Manny’s patronage to his native land and to his own people can’t be bought by billions of dollars, he will make amends to remain being a role model of a good Filipino citizen or else he could already have given up his nationality and enjoy his money in the US where he already has a house – and obviously, he is very welcome there. On the other hand, the BIR should also define the procedure to the public on how Manny should declare his taxes – because there might be other talented Filipinos who are earning overseas – the same as Manny!

Web Design by:  Miracquel Puelong
 

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