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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.

WHEN I was still in college, I had always thought of love and accounting as two opposite poles (accounting is boring and love is exciting… or is it the other way around?) and mutually exclusive energies (one cannot coexist with the other). As most dictionaries would define, “Accounting is a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting, and communicating financial information.” At first, I thought accounting is a science when, in fact, it is not. Accounting is an art. Love, on the other hand, is defined as “an intense feeling of deep affection.” If accounting is an art, then love is a mystery. How then is love related to accounting?

For a long time now, recovering from a loss as massive as being denied of their right to claim a refund for the creditable input value-added tax (VAT) they paid has been a key issue for diligent taxpayers. This issue remains a conundrum that is worthy of review and clarification every now and then. With the rise of VAT refunds denied because of technicalities, taxpayers are now keen on seeking justice with their own hands. Thus, a loss of a loss — i.e., when denied a claim, which is a significant loss on their part, taxpayers are convinced they can deduct the same as a loss.

IN response to the growing health care financing needs of members and to ensure the sustainability of health care benefits, the Philippine Health Insurance Corp. (PhilHealth) issued PhilHealth Circular No. 2017-0024 last Nov. 1.

Mom, if God does not want Adam and Eve to eat from the tree of the knowledge of good and evil, why did God put that tree in the Garden of Eden?”

The holidays are upon us! Homes, offices, shopping centers, and places of worship are adorned with sparkling decorations.