The Bureau of Internal Revenue (BIR) said Friday, Dec. 24, that taxpayers affected by the killer typhoon "Odette" may file returns and pay the corresponding taxes at the nearest authorized agent banks (AABs), or to revenue collection officer (RCO), regardless of the revenue district office...
The Duterte administration’s budget deficit registered only a marginal increase last November owing to improved revenue collections, data from the Bureau of the Treasury showed. The national government incurred a P128.7 billion fiscal gap last month, up by only 0.33 percent compared with P128.3...
The Department of Finance (DOF) wants financial technology (Fintech) companies in the country to be properly regulated and taxed while encouraging the sector’s growth and continued innovation. In a statement, DOF Secretary Carlos G. Dominguez III said Tuesday, Nov. 16, that he has tasked the...
The Bureau of Internal Revenue (BIR) has filed separate tax evasion charges against four corporate and four individual tax taxpayers based in Quezon City for alleged non-payment of income and value-added taxes totalling to more than P291 million. Bureau of Internal Revenue In formal criminal...
Finance Secretary Carlos G. Dominguez III has instructed the Bureau of Internal Revenue (BIR) to set up a unit dedicated to track sales of goods done online and to coordinate with their counterparts in other countries to determine how to properly tax these digital transactions. BIR Commissioner...
The national government’s budget deficit breached the P1 trillion mark in the first three quarters of the year, but cuts in expenditures allowed the Duterte administration to keep the funding gap below the ceiling. The Bureau of the Treasury reported Monday, Oct. 25, that the national...
The Bureau of Internal Revenue (BIR) said it has filed separate tax evasion charges against three corporate and two individual taxpayers for allegedly ignoring notices to settle back accounts totalling to more than P146 million. Bureau of Internal Revenue In formal complaints submitted to the...
The Coordinating Council of Private Educational Associations (Cocopea) said that some regional offices of the Bureau of Internal Revenue (BIR) are still imposing a 30-percent income tax rate on proprietary education institutions despite the suspension of the order by the Department of Finance...
The Bureau of Internal Revenue (BIR) said Friday, Oct. 22, that it has padlocked 322 businesses nationwide during the first nine months of the year mostly for non-registration and non-issuance of receipts or invoices to their customers. (File photo / MANILA BULLETIN) However, BIR Deputy...
Collections of the government’s two main tax agencies surpassed the P2-trillion mark in the first nine months of the year, nearing the pre-pandemic level, the Department of Finance (DOF) reported Friday, Oct. 22. Finance Secretary Carlos G. Dominguez III said tax haul of the Bureau of Internal...
More than half of the initial list of tax-delinquent social media influencers have yet to begin the sign-up process with the Bureau of the Internal Revenue (BIR) despite crackdown, the Department of Finance (DOF) said. Finance Assistant Secretary Dakila Elteen M. Napao said late Friday, Oct. 8,...
The Coordinating Council of Private Educational Associations (COCOPEA) on Monday, Sept. 27, commended the Senate for passing on third and final reading the measure that seeks to clarify that all private schools are entitled to the one percent preferential tax rate under the Corporate Recovery and...
