The Bureau of Internal Revenue (BIR) won an international award for its digital tax calendar, a milestone in the government’s push to modernize its revenue collection systems and improve taxpayer compliance. The country’s primary tax-collection agency received the Philippines Digital...
Cabinet-level interagency Development Budget Coordination Committee (DBCC) has lowered the revenue goal for the Bureau of Internal Revenue (BIR) for this year but raised the target for the Bureau of Customs (BOC), in tandem with the downgraded economic growth outlook. According to data disclosed by...
The Senate impeachment court is set to hear oral arguments next week on whether or not it should issue subpoenas for the bank and tax records sought by the House prosecution against Vice President Sara Duterte, her husband Mans Carpio, and several businesses allegedly linked to her. The oral...
The government restored excise taxes on liquefied petroleum gas (LPG) and kerosene after global oil prices fell below the state-mandated threshold, ending the temporary tax holiday designed to shield consumers from high energy costs. The Bureau of Internal Revenue (BIR) announced on Wednesday, July...
Batangas 2nd district Rep. Gerville "Jinky Bitrics" Luistro rejected the notion that the House prosecution team was "beaten" on the first day of Vice President Sara Duterte 's Senate impeachment trial. In fact, Luistro, the lead prosecutor, was quite adamant that they were "victorious" Monday,...
The Senate Impeachment Court on Monday, July 6, ordered the return of a sealed box containing the tax records of Vice President Sara Duterte and her husband, Manases Carpio, ruling that the documents are not yet under the court 's custody and have not been admitted into evidence. Impeachment...
Manila 3rd district Rep. Joel Chua drew parallels between the unopened Bureau of Internal Revenue (BIR) box in Vice President Sara Duterte 's impeachment trial case and the controversial “second envelope” in former president Joseph Estrada 's impeachment trial. Chua, speaking during...
It will be all about formalities during the first day of Vice President Sara Duterte’s Senate impeachment trial on Monday, July 6. Thus, said House prosecutor Manila 3rd district Rep. Joel Chua, even as he clarified that no witnesses would be presented on the first day of the high-stakes...
Today’s piece is a reflection on the fuel marking program (FMP), a topic that is the current buzz in business circles and one close to my heart as a chemist by education and a nosy journalist by profession. That’s right, Virginia, I’m joining the fray. I will try to go deep into the...
The government has exempted all United States-funded (US) law enforcement and anti-narcotics initiatives from domestic taxes, currency controls, and banking fees to ensure that financial assistance from Washington is deployed entirely to local operational programs rather than contributing to...
Transfers of legal title between nominee-trustees are exempt from capital gains tax (CGT), documentary stamp tax (DST), and donor’s tax, provided the corporation retains beneficial ownership and the transaction involves only a change in legal title, the Bureau of Internal Revenue (BIR) said. This...
Apart from ongoing preparations for the possible implementation of the global top-up tax, the Bureau of Internal Revenue (BIR) continues to prepare for other emerging tax measures, including a new mining royalty regime, real property valuation reforms, and cross-border duties. These preparations...
