President Marcos’ chief economic manager stated that the government’s current revenues are more than sufficient to cover its expenses even without imposing new taxes, as total tax collections grew by double digits to over ₱930 billion in the first quarter of the year. Tax collections climbed...
The Bureau of Internal Revenue (BIR) on Tuesday, April 29, filed before the Department of Justice (DOJ) tax evasion complaints involving P8.7 billion against unregistered importers and distributors of vape products in the country. "We have warned all those who want to enter the vape industry...
BIR Commissioner Romeo D. Lumagui Jr. Bureau of Internal Revenue (BIR) Commissioner Romeo Lumagui Jr. is confident that the government’s main tax agency will meet its ₱3.23 trillion collection goal this year after it exceeded its first quarter targets. “Based on the progress of...
BIR Commissioner Romeo D. Lumagui, Jr. The Bureau of Internal Revenue (BIR) is reminding taxpayers to file and pay their 2024 income tax returns (ITR) by the April 15, 2025 deadline to prevent incurring penalties. In a statement on Friday, March 28, BIR Commissioner Romeo D. Lumagui, Jr. said that...
The Bureau of Internal Revenue (BIR) is launching a nationwide crackdown on fake Persons with Disability (PWD) identification cards to protect legitimate PWD privileges and prevent government revenue losses. In a statement, BIR Commissioner Romeo D. Lumagui Jr. expressed that the bureau maintains a...
BUTUAN CITY – The Bureau of Internal Revenue-10 this week spearheaded the destruction of smuggled cigarettes valued at P156 million in Northern Mindanao. BIR officials said the move is part of the nationwide crackdown against tax evasion and underscores their commitment to enforcing tax...
To increase government revenues, tax authorities such as the bureaus of Internal Revenue (BIR) and of Customs (BOC) in the Philippines should set their sights on bigger enterprises and other entities that are difficult to tax, according to an Asian Development Bank (ADB) report. “Focus on larger...
To encourage wider taxpayer participation, the Bureau of Internal Revenue (BIR) has appointed popular celebrities like Vice Ganda and Dingdong Dantes as tax advocates, leveraging their influence for its 2025 campaign. BIR Commissioner Romeo D. Lumagui Jr. posted photos on Facebook on Wednesday,...
The Court of Tax Appeals (CTA) has denied for lack of jurisdiction the petition of Suburbia Automotive Ventures, Inc. against the P46.05 million tax assessments issued by the Bureau of Internal Revenue (BIR). The BIR issued a preliminary assessment notice (PAN) dated Sept. 6, 2010 assessing...
The Court of Tax Appeals (CTA) has denied the petition of Nippon Express Philippines Corporation for a tax refund of P18.7 million from the Bureau of Internal Revenue (BIR). Nippon Express filed an application for tax credits or refunds before the BIR on July 13, 2020 in the amount of...
Senator Sherwin Gatchalian has called on the Department of Finance (DOF) and the Bureau of Internal Revenue (BIR) to immediately suspend a rule requiring members of cooperatives to obtain their respective tax identification numbers (TINs) before they are granted tax exemption privileges. ...
While businesses involved in ghost selling have paid over ₱4.3 billion as of December 2024, the Bureau of Internal Revenue (BIR) chief expects this amount to double to at least ₱8 billion once ongoing assessments are completed. Earlier this month, the BIR reported that the Run After Fake...
