Officials and employes of the Bureau of Internal Revenue (BIR) were caught by surprise over the sudden resignation of one of its top tax collectors. (Photo from BIR Facebook page) The BIR management was silent over the decision of lawyer Romulo Aguila Jr. to give up his position as director of...
We're your partner, not prosecutors. Presidential Anti-Corruption Commission (PACC) Chairman Greco Belgica (Photo from Greco Belgica Facebook Page) Presidential Anti-Corruption Commission (PACC) Chairman Greco Belgica reminded government agencies on Wednesday, April 28 that they are their...
The Bureau of Internal Revenue (BIR) has allowed the filing of tax returns and the payment of taxes falling within the period of March 22 to April 30 this year to be filed anywhere, even outside the jurisdiction of the Revenue District Office (RDO) where the taxpayer is registered. In Revenue...
The government has issued the Implementing Rules and Regulations (IRR) of Republic Act No. 11523, or the Financial Institutions Strategic Transfer (FIST) Act which will regulate the sale of non-performing assets of banks. The IRR was issued by the Securities and Exchange Commission (SEC),...
The government will soon require cigarette manufacturers planning to set up shop in the country’s special economic zones (SEZs) to register with the Bureau of Internal Revenue (BIR), the Department of Finance (DOF) said. (Pixabay / MANILA BULLETIN) Finance Secretary Carlos G. Dominguez III said...
The Philippine Economic Zone Authority (PEZA) is currently investigating two PEZA-registered enterprises engaged in manufacturing cigarettes for 100 percent export, which were allegedly found to be deficient in compliance with Bureau of Internal Revenue (BIR) requirements for...
The Bureau of Internal Revenue (BIR) launched its Mobile Taxpayer Identification Number (TIN) Verifier app allowing taxpayers validate their TINs by simply typing relevant information on their smartphones. In a statement, BIR Deputy Commissioner Arnel Guballa said the mobile application...
The Department of Finance (DOF) has instructed the Bureau of Internal Revenue (BIR) to pursue discussions with Russian tax officials on further improving the Philippines’ tax administration system through digitalization. In a statement, Finance Secretary Carlos G. Dominguez III said on Thursday,...
Tax collections from tobacco products increased by nearly three-fourths as of mid-February this year after one cigarette manufacturer commenced the operation of its new facility in Batangas, the Bureau of Internal Revenue (BIR) said. In a statement, BIR Deputy Commissioner Arnel Guballa reported to...
The enactment of the Financial Institutions Strategic Transfer (FIST) law, which is expected to free up over P1 trillion worth of banks’ soured loans and non-performing assets and assist 600,000 micro, small and medium enterprises (MSMEs), will ensure the stability of the local financial system...
The Securities and Exchange Commission (SEC) is seeking public comments for the draft Implementing Rules and Regulations (IRR) of Republic Act No. 11523 or the Financial Institutions Strategic Transfer (FIST) Act, a critical economic measure in the Philippines’ economic recovery. In a...
The Duterte administration’s chief economic manger expects the Bureau of the Internal Revenue (BIR), the government’s main tax agency, will surpass its collection target this year. Speaking at the virtual BIR’s Tax Campaign Kick-off ceremony on Wednesday, Feb. 17, Finance Secretary Carlos G....
