BIR extends receipt deadline
Enterprises will still be able to use their old receipts until the month of August as the Bureau of Internal Revenue decided to suspend the implementation of using new receipts.
The BIR decided to give the necessary extension to business owners in order for them to be able to print new receipts.
In line with this, the BIR explained that the reason for the implementation of new receipts was the constant complains that their agency’s been receiving regarding syndicates selling fake receipts to business owners in order to avoid paying the right taxes.
Previously, the deadline was set until the first day of July, and now the BIR has extended it up to the 31th of August. (Kisses Jabson)
Peso plummets at its lowest as Unemployment rate goes higher
The Philippine peso sank its lowest level against the dollar yesterday, $1-P43.10
The Banko Central ng Pilipinas said that the reason for the peso plunge was the fact that the dollar is getting stronger, and of the other Asian currencies.
BSP Governor Amando Tetangco Jr. said that we should worry about these kinds of scenarios because the Philippine currency remains to be strong compare to the other Asian countries.
Meanwhile, Malacanang is quick to defend on why there’s an increase in number of unemployed Filipinos.
According to President Benigno Aquino III, the high rate in unemployment, especially in the field of Agriculture was because the planting season was put to a halt.
However, the President mentioned that in spite of the high unemployment rate, there’s an increase in the number of employment in the Service and Industry sectors.
Most of the unemployed are graduates from High School, 31.7 percent; College graduates with 21.3 percent; and College undergraduates, 14.6 percent. (Rey Sibayan)