The Bureau of Internal Revenue (BIR) has filed separate criminal complaints before the Department of Justice (DOJ) against three companies and an individual for allegedly failing to pay a total of ₱58.5 million in taxes, penalties, and surcharges. Charged with willful failure to pay internal...
The Bureau of Internal Revenue (BIR) has identified electronic marketplace (e-marketplace) operators and digital financial services providers (DFSPs) as withholding agents required to remit a portion of gross payments sent to sellers. Under BIR Revenue Memorandum Circular (RMC) No. 55-2026,...
Jackpot prizes from casinos and other gambling activities are subject to at least a 20-percent tax, the Bureau of Internal Revenue (BIR) said, clarifying the tax treatment of winnings amid the continued expansion of the Philippine gaming industry. Internal Revenue Commissioner Charlito Martin R....
The national government’s (NG) usual April budget surplus shrank by more than half this year after the annual income tax returns (AITRs) filing and payment deadline was extended by one month due to the national energy emergency, although revenues were partly supported by millions of pesos in...
The country’s largest business group has expressed support for the streamlining of guidelines for closing businesses and canceling tax registrations with the Bureau of Internal Revenue (BIR), as part of efforts to strengthen the ease of doing business in the country. In a statement on Friday, May...
The Bureau of Internal Revenue (BIR) has overhauled the rules for dissolving corporate entities and cancelling tax registrations, introducing a fast-track system that slashes processing times to as little as three working days for smaller enterprises. The tax agency issued Revenue Memorandum...
The government is nearing the end of its year-long search for a private partner to manage its nationwide value-added tax (VAT) refund system (VRS) for foreign tourists, as the Department of Finance (DOF) moves to formalize the accreditation process for global operators. Bureau of Internal Revenue...
The Bureau of Internal Revenue (BIR) issued a final call to taxpayers to settle their obligations on Friday, May 15, the end of the one-month extension for the 2025 tax year. In a statement, BIR Commissioner Charlito Martin R. Mendoza urged the public to utilize electronic channels to complete...
The Bureau of Internal Revenue (BIR) exceeded its collection target for April, defying the potential slowdown from a deadline extension for annual income tax filings (AITRs). In a statement on Thursday, May 14, the agency reported that it collected ₱422.38 billion in gross revenues last month,...
The Bureau of Internal Revenue (BIR) is pivoting its enforcement strategy toward high-value targets, effectively abandoning the pursuit of small-scale tax delinquents where the cost of collection exceeds the potential recovery. BIR Commissioner Charlito Martin R. Mendoza issued Revenue Memorandum...
The Bureau of Internal Revenue (BIR) is requiring online merchants and digital content creators to conspicuously display the standardized registration badge on their portals, stepping up efforts to monitor the fast-growing digital economy and secure the nation’s tax base. Under Revenue Memorandum...
The Department of Finance (DOF) is moving to overhaul the country’s real estate taxation, targeting 2028 for the full rollout of a market value-based property valuation system. In a statement, the DOF said the initiative aims to replace the long-standing and currently suspended zonal value...
