The Bureau of Internal Revenue (BIR) has introduced rules for "takedown orders" aimed at e-marketplaces that allow online sellers and content creators to sell products without meeting tax compliance requirements. In a statement on Monday, Sept. 9, BIR Commissioner Romeo D. Lumagui Jr. announced the...
The Bureau of Internal Revenue (BIR) is gearing up to strengthen interagency cooperation and coordination to effectively combat tax evasion and money laundering. BIR Commissioner Romeo D. Lumagui Jr. said it is necessary to enhance collaboration with the Anti-Money Laundering Council (AMLC) amid...
CEBU CITY – The provincial government of Bohol has recommended the creation of a task force to further improve its revenue collection effort. BOHOL Gov. Aris Aumentado (center) and Provincial Administrator Aster Caberte (left) meet officials of the Bureau of Internal Revenue (BIR)-Bohol to...
The Bureau of Internal Revenue (BIR) has approved an additional 15 medicines to be exempt from value-added tax (VAT) for treating cancer, high cholesterol, hypertension, and mental illness. This updated list of tax-exempt medicines was released following a recommendation from the Food and Drug...
Two-time Olympic gold medalist Carlos Yulo will not be required to pay taxes on his winnings and incentives, according to the Bureau of Internal Revenue (BIR). BIR Commissioner Romeo D. Lumgui Jr. explained that prizes, awards, rewards, gifts, or donations received by Yulo are not subject to...
The Bureau of Internal Revenue (BIR) has warned celebrities and influencers against promoting vape products that may not comply with tax regulations. In a statement on Thursday, Aug. 22, BIR Commissioner Romeo D. Lumagui Jr. urged public figures to verify the tax compliance of the vape products...
The festive mood took a hit on Sunday, Aug. 18, when the Bureau of Internal Revenue (BIR) conducted a raid at the Philippine Vape Festival 2024, targeting illegal products. BIR Commissioner Romeo D. Lumagui Jr. headed a team that raided this year's vape festival in Las Piñas after surveillance...
The Department of Finance (DOF) announced that the government's two main tax agencies have already achieved over half of their full-year collection target in just the first seven months of the year, primarily fueled by digitalization efforts. Tax revenues from the Bureau of Internal Revenue (BIR)...
Tax evasion complaint was filed by the Bureau of Internal Revenue (BIR) before the Department of Justice (DOJ) against dismissed mayor Alice L. Guo of Bamban, Tarlac in connection with the transfer and later sale of her shares at Baofu Land Development, Inc. Aside from Guo, also charged in the...
Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui Jr. announced another successful confiscation of 7,920 units of illegal vape products, estimated to have a tax liability of around P7 million, following a raid in Taytay, Rizal. The operation was initiated after a concerned citizen...
The Department of Finance (DOF) is projecting an uptick in revenues from "sin" products next year, driven by increased collections from alcoholic beverages. Data from the DOF showed that excise tax collections from tobacco and alcohol are estimated to reach P278.97 billion in 2025, an eight percent...
Have you ever thought about the cost efficiency of the Bureau of Internal Revenue (BIR) in generating revenue for the government? It only takes 52 centavos to generate P100. During a recent event celebrating the BIR's anniversary, Finance Secretary Ralph G. Recto highlighted the importance of the...
