The health advocacy group Safevape PH has urged vape suppliers and industry stakeholders to adhere strictly to government regulations regarding product registration and tax compliance. This call comes in the wake of the Department of Trade and Industry’s (DTI) Office for the Special Mandate...
The Bureau of Internal Revenue (BIR) has vowed to take a more aggressive stance against the illicit vape industry, which has repeatedly flouted tax regulations. In a statement, BIR Commissioner Romeo D. Lumagui Jr. expressed frustration over the continued proliferation of illicit vapes...
The Department of Finance (DOF) reported that collections from the government’s two main tax agencies showed strong double-digit growth in the first nine months of the year. The Bureau of Internal Revenue (BIR) and the Bureau of Customs collectively gathered P2.771 trillion from January to...
BIR Commissioner Romeo D. Lumagui Jr. (holding plaque) and BIR Deputy Commissioner Ma. Rosario Charo E. Curiba, and USAID officials along with BIR personnel proudly pose after receiving multiple cybersecurity awards, including Cybersecurity Vanguard, Cybersecurity Ironman, and Cybersecurity...
The Bureau of Internal Revenue (BIR) has dealt a significant blow to the illicit trade in the country by dismantling four large-scale manufacturers of counterfeit cigarettes operating in Pampanga. This operation, the largest of its kind under BIR Commissioner Romeo D. Lumagui Jr.'s leadership,...
The Department of Finance (DOF) expects to generate P102.12 billion over the next five years from a new law that imposes a 12-percent value-added tax (VAT) on both local and foreign digital service providers (DSPs). According to the DOF, the estimated revenues to be collected from 2025 to 2029 will...
The Bureau of Internal Revenue (BIR) vowed to rigorously enforce the Anti-Agricultural Economic Sabotage Act in a bid to combat illicit trade in the agricultural sector. In a statement, BIR Commissioner Romeo D. Lumagui, Jr. said that all bureau personnel will be mobilized to ensure the effective...
The Court of Tax Appeals (CTA) has denied the petition of Air Drilling Associates Pte. Ltd. which sought a tax refund of P951,459.67 for its zero-rated sales for the fourth quarter of 2018. Air Drilling is a foreign company from Singapore engaged in aerated drilling services. It was licensed to...
In the first five years of its implementation, fuel marking added to government coffers a total of P988.8 billion in tax revenues, inching closer to the P1-trillion mark with one more year before the program's contract ends. The latest data obtained by Manila Bulletin on Tuesday, Sept. 17, showed...
The Bureau of Internal Revenue (BIR) has lowered the government-mandated floor prices for tobacco and vape products. Based on the updated BIR floor prices, the minimum retail costs for cigarettes, heated tobacco products, and vaporized nicotine have decreased, while non-nicotine products will...
The Bureau of Internal Revenue (BIR) has confiscated over 1.3 million packs of untaxed cigarettes valued at P838 million during two separate raids on warehouses in Quezon City and Caloocan City. BIR Commissioner Romeo D. Lumagui Jr., who led the operations, emphasized the agency's unwavering...
Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui Jr. announced that the newly launched BIR web portal has exceeded 10 million visitors. This milestone follows the portal's public introduction during the agency's recent 120th anniversary celebration. The web portal is a key initiative...
