PREMIUMThis week’s tax updates: Treaty with Singapore, omnibus bill submission

first_imgTopics : The government is amplifying tax collection efforts by submitting an omnibus bill on taxation to the House of Representatives this week as well as signing a double-tax avoidance agreement with Singapore.Finance Minister Sri Mulyani Indrawati said the bill, which would reduce corporate income tax and make internet giants pay taxes, was waiting for approval from the House before its implementation.“Though we cut the corporate tax rate, we will widen our tax base and maximize our spending so that there is no economic shock,” Sri Mulyani told reporters on Wednesday. “This must be maintained because of the global economic slowdown.”Indonesia collected Rp 1.33 quadrillion in tax revenue last year, or 84.4 percent of the full-year target, causing a shortfall of Rp 245.5 trillion, the worst in at least five years. This caused the state budget deficit to ri… Forgot Password ? Log in with your social account Facebook Google Linkedin LOG INDon’t have an account? Register here Indonesia taxation tax-treaty omnibus-bill Singapore tax-to-GDP-ratio tax-collection Sri-Mulyani Jokowi Halimah-Yacoblast_img read more

GUIMARAS A HARD SELL? DOT seeks to reposition island after Iloilo Strait tragedy

first_imgParticipants included students, businessmen, motorboatoperators and workers, motorcycle and jeepney drivers, and resort owners, amongothers. The Department of Tourism Region 6knows what it has to do: reassure tourists that it remains safe to cross theIloilo Strait. But Director Helen Catalbas acknowledges there’s a lot to do. MARINA actually ordered the phase outof all wooden-hulled passenger motorboats and replace these with aluminum- orfiberglass-hulled ones but boat operators said the cost was prohibitive. “What Guimaras is currently gettingare independent or individual travellers, small groups. Gone are the big groupsof tourists crossing the Iloilo Strait to visit the island in buses and vans,”said Catalbas. Stakeholders present includedrepresentatives from the Philippine Coast Guard (PCG), Maritime IndustryAuthority (MARINA), local government units of Guimaras, tour operators,resorts, hotels, and restaurants. “In the minds of tourists, it’s noteasy, it’s not safe to go to Guimaras anymore,” lamented Catalbas. According to the Guimaras ProvincialTourism Office, 19,439 same-day tourists visited the island in August and16,908 in September – significantly lower than the 49,295 visitors recorded inAugust 2018 and 31,856 tourists who came in September last year. From the Parola wharf, the berthing area of motorboats plying the Iloilo City – Guimaras route has been temporarily moved to the old wharf of Bacolod City-bound fastcrafts on Iloilo City’s Muelley Loney Street to give way to the dredging of the mouth of the Iloilo River. IAN PAUL CORDERO/PN Last month a group calling itself Hugpong Guimarasheld a “unity walk” in Guimaras to dramatize the sorry plight of the provincedue to the tightly regulated operation of motorboats. “We have to respect the ‘safety first’policy of MARINA and coastguard,” said Catalbas, “but we have to come up withsolutions which will allow tourism and Guimaras to move forward.” Wearing black shirts, they called for the return of the way motorboatsoperated prior to the Aug. 3 Iloilo Strait tragedy. “We will reposition Guimaras as a safedestination. We need to assure tourists that traveling to Guimaras is stillsafe. But we have to get the commitment of all stakeholders,” she said duringyesterday’s inter-agency dialogue at a hotel here. Tourism has become one of the maineconomic drivers of Guimaras which boasts of export-quality sweet mangoes,beaches and dive sites. The PCG and MARINA imposed strictmeasures on sea travel following the Aug. 3 Iloilo Strait tragedy. Theseincluded limiting motorboat trips (from 6 a.m. to 6 p.m. only), removal orrolling up of tarpaulins or canvas that give shade to passengers, and mandatorywearing of lifejackets throughout the trip. Catalbas also suggested that fastcrafts and roll on, roll off (roro) ships make themselves available for chartertrips of big groups going to Guimaras. Stakeholders also agreed to lobby withMARINA to reconsider one restriction – the removal or rolling up of tarpaulinsor canvas that protect passengers from the scorching heat of the sun. ILOILO City – After the capsizing ofthree motorboats that drowned 31 people in the Iloilo Strait, tourist arrivalsin the island province of Guimaras dropped by 73 percent in August andSeptember this year from arrivals recorded in the same months last year, datafrom the Guimaras Provincial Tourism Office showed. “Our plea is that for the time being, samtang wala pa ang modernization, ibalik ang trapal with some modifications,” said Fred Davis ofHugpong Guimaras. “With a lot of events and conventionsin Iloilo City, Guimaras has to be ready to accommodate tourists. Whether weadmit it or not, whether we realize it or not, Guimaras is one of theattractions of Iloilo City. They (visitors) come here for events and they hopeto cross to Guimaras which is only 15 minutes away,” said Catalbas. One of the things that dialogueparticipants agreed yesterday was to modernize or improve motorboat services. Gov. Samuel Gumarin of Guimaras and Cong. Lucille Nava themselvesearlier warned of the economic dislocation of motorboat operators, crew andtheir families if the phase out of wooden-hulled boats is not done gradually./PNlast_img read more