President Duterte’s chief economic manager said the country’s recovery efforts from pandemic has no room for the Bureau of Internal Revenue (BIR), the government’s main tax agency, to fail in raising much-needed revenues. After the bureau addressed the tax issues involving the prizes given to...
Deputy Speaker and 1Pacman Partylist Rep. Michael “Mikee” Romero called on government to grant Tokyo Olympics gold medalist Hidilyn Diaz tax free privilege for the more than P50 million in cash and incentives she is expected to receive for her rare feat....
President Duterte's crusade against corruption in government continued as he revealed firing more employees from the Bureau of Internal Revenue (BIR) and the Department of Public Works and Highways (DPWH) for being involved in corruption activities. President Rodrigo Duterte (File photo/...
The House Committee on Ways and Means has approved the measure that seeks to put a stop to a government policy imposing higher tax on private schools and hospitals. Committee chairman and Albay Representative Joel Salceda presided over the panel meeting that approved the consolidation of House...
The chairman of the House Committee on Technical Education on Thursday, June 10, decried as “unconscionable” the decision of the Bureau of Internal Revenue to impose on private schools a 150 percent increase in taxes. Baguio City Rep. Mark Go chided the BIR’s decision which enjoys the support...
It seems that Malacañang is unlikely to reverse a Bureau of Internal Revenue (BIR) rule imposing higher corporate income tax on private schools in the country for now. President Rodrigo Duterte (File photo/Malacañang) Presidential Spokesman Harry Roque declared Thursday that the Palace supports...
The Department of Finance (DOF) said the Bureau of Internal Revenue (BIR) is set to file charges against individuals behind the alleged counterfeit cigarette tax stamps seized recently in Bacolod City. In a statement released by the DOF on Wednesday, June 9, the department quoted BIR Deputy...
Senate Majority Leader Juan Miguel Zubiri on Monday, June 7, expressed support for the passage of the bill seeks to correct the Bureau of Internal Revenue's (BIR) supposed misinterpretation of the law modifying taxes imposed on private educational institutions. Senate Majority Leader Juan Miguel...
Deputy House Speaker Representative Rufus Rodriguez is pushing for a bill that would clarify an existing provision on tax perks granted to educational institutions under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law which the Bureau of Internal Revenue (BIR) allegedly...
Senator Nancy Binay on Sunday urged the Bureau of Internal Revenue (BIR) to “have a heart” and spare private schools from a 150 percent increase in income tax. Binay said the BIR should withdraw its Revenue Regulation No. 5-2021 which seeks to impose higher income tax on so-called proprietary...
Senator Sherwin Gatchalian on Saturday, June 5, called on the Senate to exercise its oversight function and look into the Bureau of Internal Revenue's (BIR) regulation seeking to increase the tax rate of private schools. Senator Sherwin Gatchalian during a special session in the Senate on March 23,...
The Bureau of Internal Revenue (BIR) has reported that 1.43 million or 99.5 percent of all the income tax returns filed (ITRs) during the last tax filing season were filed online. In a report to the Secretary of Finance, the BIR said that only 7,139 returns were filed manually. This is clearly a...
