The Bureau of Internal Revenue's (BIR) specialized unit responsible for managing the tax affairs of large corporations in the country is projected to collect P1.841 trillion this year. According to BIR Revenue Memorandum Order (RMO) No. 11-2024, the Large Taxpayers Service (LTS) is tasked...
The Rotary Club of Makati honored Bureau of Internal Revenue (BIR) Commissioner Jun Lumagui with the Youth Leadership Role Model award. During the club's 58th Charter Anniversary celebration and Paing Hechanova Youth Leadership Awards Night, Lumagui was commended for his outstanding leadership at...
The Bureau of Internal Revenue (BIR) has urged the public to file their annual income tax returns (ITRs) on time to avoid penalties that could reach up to P25,000 or more. In a Facebook post, BIR Commissioner Romeo D. Lumagui Jr. emphasized the importance of early submission for the 2023 ITRs,...
The Bureau of Internal Revenue (BIR) announced that all its authorized agent banks (AABs) will operate on two Saturdays before the April 15 deadline for filing income tax returns. According to a bank bulletin issued by the tax bureau, the 19 banking institutions that make up the AABs will be open...
The Bureau of Internal Revenue (BIR) has raised red flags on the practice of utilizing two deeds of sale in real estate transactions, branding it as a serious form of tax evasion. BIR Commissioner Romeo Lumagui Jr has firmly declared that the common practice of dual deeds of sale is in violation of...
The Bureau of Internal Revenue (BIR) has released seven draft regulations related to the Ease of Paying Taxes law ahead of the two-day public consultation set for next week. In a recent BIR advisory , the bureau is inviting taxpayers to participate in a public consultation on the proposed...
The Bureau of Internal Revenue (BIR) is now selling condominium units in Manila tied to the realty firm operated by the children of incarcerated businesswoman Janet Lim-Napoles. In a notice of sale, the BIR said it will auction off six residential and one commercial condominium units owned by JCLN...
Surigao del Norte 2nd district Rep. Robert Ace Barbers (Screenshot from Zoom) A lawmaker in the House of Representatives has called on the Bureau of Internal Revenue (BIR) to file a tax evasion case against vape brand Flava Corporation, which allegedly has P728...
Sen. Francis Tolentino underscored on Monday, Feb. 12 how the crafting of Implementing Rules and Regulation (IRR) issued by administrative agencies has modified the intentions of laws enacted in Congress. During the deliberation of the proposed Passive Income and Financial Intermediary Taxation Act...
Finance Secretary Ralph G. Recto vowed to enhance government enforcement actions against tax evaders to provide support to the Bureau of Internal Revenue (BIR) in boosting its tax collections. At the BIR’s National Tax Campaign Kick-off event, Recto has assured the unwavering support of the...
Finance Secretary Ralph G. Recto is reminding Filipinos to fulfill their tax duties diligently, underscoring their crucial role in the country's development. At the Bureau of Internal Revenue’s (BIR) National Tax Campaign Kick-off event, Recto stressed the importance of both the tax agency and...
The Bureau of Internal Revenue (BIR) has announced that the agency has 1,518 job vacancies that urgently require staffing. According to BIR Commissioner Romeo Lumagui Jr., these positions span across various roles including administrative aides, statisticians, revenue and intelligence...
