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IT’S the most wonderful time of the year once again! More people can be seen strolling and shopping in the metro’s shopping malls, bazaars, and tiangges—availing of the season’s back-to-back sales and promotions on products.

Christmas is generally a time spent with family. Everywhere we go – restaurants, parks, cinemas, even cemeteries – we see families spending time together.

THE Bureau of Internal Revenue issued Revenue Regulations (RR) No. 7-2017 to amend certain provisions covering taxation on sale of gold and other metallic mineral products to the Bangko Sentral ng Pilipinas (BSP). RR No. 7-2017 reduces the BSP’s obligation as withholding agent of the creditable withholding tax on mineral sales from a withholding tax rate of five percent to one percent.

Giving gifts on special occasions like Christmas, Valentine’s, birthdays, etc., is a tradition. Most of us have sent or received lots of Christmas gifts.

Traveling back and forth between Manila and Davao City has become a routine for me during the period we, external auditors, normally consider the busy season. From November to May, I earned a lot of airline miles that enabled me to attend various client meetings down south. My trip to Davao City last November 26 was different.

In the Philippines, the last major overhaul of the tax system came 20 years ago. But Filipinos may need not wait any longer.

BEGINNING Jan. 16, the Social Security System (SSS) will introduce the electronic Collection System (e-CS) to facilitate the real-time posting of SSS contribution payments.

While queueing at immigration upon my arrival at Terminal 3 of Ninoy Aquino International Airport (NAIA) recently, I found it sad that Overseas Filipino Workers (OFWs) — our “modern day heroes” — coming home for Christmas are not getting the heroes’ welcome they deserve.