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....
The United States and the Department of Finance (DOF) sealed a grant that will fund the digital transformation program of the Bureau of Internal Revenue (BIR) described as “fully functional and irreversible.” During the signing ceremonies for the grant agreement Tuesday, Feb. 16, Finance...
The Bureau of Internal Revenue (BIR), the government’s main tax collection agency, has laid down its programs for the year to raise its collection performance to support its goal for a 7.23 percent increase in tax collection this year. In a statement, BIR Commissioner Caesar R. Dulay said the...
GCash e-payments for the Bureau of Internal Revenue (BIR) taxes soared last year, signifying a shift in user behavior, where customers find it more convenient to pay digitally, the leading mobile electronic wallet provider said. In a statement, Martha Sazon, Gcash president and chief executive,...
Bureau of Internal Revenue (BIR) Commissioner Caesar R. Dulay has relayed to national and regional offices the more than P2.081-trillion collection goal of the agency for this year. (MANILA BULLETIN) The BIR chief said in a memorandum that P2.017 trillion will be generated from operations, with the...
