The Bureau of Internal Revenue (BIR), the government’s main tax agency, is leaving no stone unturned to catch taxpayers and businesses that are using fictitious receipts. BIR Commissioner Romeo D. Lumagui, Jr. said Thursday, March 16, that taxpayers and businesses caught with illegal receipts...
The Bureau of Internal Revenue (BIR) said value-added taxpayers are no longer required to file the return on a monthly basis starting this month. Bureau of Internal Revenue The new schedule was contained in Revenue Memorandum Circular (RMC) No. 5-2023 which implemented Section 37 of Tax Reform for...
The Bureau of Internal Revenue (BIR) has raided perpetrators of illicit cigarette trade across the country, placing all regional enforcers on alert while their operations were ongoing on 378 stores in Luzon, Visayas, and Mindanao. BIR Commissioner Romeo Lumagui Jr. led a raid on Wednesday, Jan. 25,...
The names of alleged big-time oil smugglers were revealed on Thursday, January 19 during a Senate consultation meeting called by Senator Raffy Tulfo with the Bureau of Internal Revenue (BIR) and Bureau of Customs (BOC) on the controversial fuel marking program. Tulfo, chairman of the Senate energy...
Revenue collection is on track to hit the government's full-year target this year driven by the Bureau of Customs’ better than expected performance, data from the Bureau of the Treasury showed. Based on the Treasury report on Tuesday, Dec. 27, total revenues reached P3.277 billion from January to...
The Bureau of Internal Revenue (BIR) has filed charges against businesses selling smuggled and untaxed Vape products. BIR Commissioner Romeo D. Lumagui Jr. said on Tuesday, Dec. 13, said the bureau filed a criminal complaint and a separate a civil case against four individuals, whose businesses...
The Bureau of the Treasury cancelled its last borrowing plan for the year given the government’s better than expected revenue collection performance, resulting in lower borrowing than originally planned. National Treasurer Rosalia V. De Leon said on Monday, Dec. 12, that the bureau already...
The Bureau of Internal Revenue (BIR), the government’s main tax agency, announced that it exceeded its collection target in October this year, but still behind its 10-month goal. On Thursday, Dec. 1, the BIR reported that it generated P186.76 billion in October, higher by 1.5 percent or P2.23...
The newly-minted chief of the Bureau of the Internal Revenue (BIR) has ordered the resumption of audit and mission order issuances to run after suspected tax evaders. In a revenue memorandum circular dated Nov. 21, 2022, BIR Commissioner Romeo D. Lumagui Jr. lifted the suspension of field audits to...
The Bureau of Internal Revenue (BIR) has issued its guidelines for the implementation of the Vape Law that also set the floor price for heated, vapor, and other tobacco products. On Thursday, Nov. 17, the BIR published Revenue Regulations No. 14-2022, which serves as its implementing rules and...
The Department of Finance (DOF) vowed to modernize the government’s main tax agencies following the swift approval of its proposed budget for next year. In a statement, Finance Secretary Benjamin E. Diokno said on Monday, Oct. 3, that the DOF is planning to spend P30.57 billion in 2023, higher by...
As part of the Marcos administration’s digitalization shift, the Bureau of Internal Revenue (BIR) plans to right-size its workforce and hire scientists and cybersecurity experts to improve collections. BIR Commissioner Lilia C. Guillermo said she wants to strengthen the bureau’s organization,...
