The Bureau of Internal Revenue (BIR) is set to undergo a significant modernization of its tax administration processes, courtesy of a $400 million loan from the Asian Development Bank (ADB). The digitalization program, a focal point of this initiative, received praise in a press statement...
Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui Jr. expressed gratitude to the Department of Finance (DOF) for acknowledging the tireless efforts in raising government funds. In a press release last Nov. 15, the DOF praised the BIR for performing exceptionally well in revenue...
The Department of Finance (DOF) is confident that the Bureau of Internal Revenue (BIR), the government’s main tax agency, would hit its collection targets for the medium-term. In a statement, Finance Secretary Benjamin E. Diokno said the BIR was able to achieve a historic level of tax collection...
San Miguel Corp. (SMC) has lost a P30 million tax refund claim to the Bureau of Internal Revenue (BIR), Revenue Commissioner Romeo D. Lumagui announced. The BIR chief said the Supreme Court (SC) ruled that SMC was not eligible for a refund of its documentary stamp tax (DST) on inter-company...
The Bureau of Internal Revenue (BIR) has seized illicit cigarettes in Davao region as part of its intensified efforts to apprehend unscrupulous traders and smugglers. BIR Commissioner Romeo D. Lumagui Jr. said the bureau has successfully seized 717 master cases, equivalent to 358,500 packs, of...
The Bureau of Internal Revenue (BIR) expects a significant increase in income tax collection next year from online sellers, as the one-half of one percent creditable withholding tax will be enforced by platform service providers like Lazada, Shopee, Amazon, and TikTok. These providers will...
Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui, Jr. reported that the agency has consistently exceeded monthly collection targets, attributing the success mainly to heightened tax enforcement activities. During a media forum hosted by the Philippine Information Agency, Lumagui...
Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui, Jr. clarified that the proposed one percent withholding tax on online sellers adheres to existing law obligating taxpayers with annual earning of more than P250,000 to pay income tax. Lumagui emphasized during a press forum hosted by...
The Bureau of Internal Revenue (BIR) has padlocked more than 100 outlets of a popular household appliance chain store across the country. This step was taken due to allegations of these stores are using either unregistered or tampered Point of Sales (POS) machines, resulting in significant tax...
Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui, Jr. is optimistic about increased participation in the new estate tax amnesty program due to simplified filing procedures. Recently, the BIR chief introduced Revenue Regulations No. 10-2023, implementing changes to the Estate Tax...
The Bureau of Internal Revenue (BIR) has once again earned top marks for its handling of tax-related matters referred by Malacañang during the first eight months of this year. From January to August, the Office of the President's 8888 Citizens' Complaint Center (8888 CCC) forwarded 962 citizen...
Commissioner Romeo D. Lumagui Jr. of the Bureau of Internal Revenue (BIR) was honored with the "Rising Tiger & Nation Builder" award by the prominent business and lifestyle magazine, Rising Tigers Magazine. This prestigious accolade was presented recently during the Rising Tigers Magazine Power...
