The Bureau of Internal Revenue (BIR) expects a significant increase in income tax collection next year from online sellers, as the one-half of one percent creditable withholding tax will be enforced by platform service providers like Lazada, Shopee, Amazon, and TikTok. These providers will...
Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui, Jr. reported that the agency has consistently exceeded monthly collection targets, attributing the success mainly to heightened tax enforcement activities. During a media forum hosted by the Philippine Information Agency, Lumagui...
It’s the young guns facing off against the seasoned veterans as the much experienced Magnolia and the up-and-coming Phoenix dispute a 2-0 start in the 2023 PBA Commissioner’s Cup at the Ynares Center in Antipolo on Sunday, Nov 12. Phoenix Fuel Masters (PBA Images) Looking to make early strides...
Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui, Jr. clarified that the proposed one percent withholding tax on online sellers adheres to existing law obligating taxpayers with annual earning of more than P250,000 to pay income tax. Lumagui emphasized during a press forum hosted by...
The Bureau of Customs (BOC) said the agency has seized a wooden boat loaded with smuggled imported cigarettes in Maasin, Zamboanga City's waters. Customs Commissioner Bienvenido Y. Rubio said a joint operation between the Port of Zamboanga and the Philippine National Police resulted in the...
The Bureau of Internal Revenue (BIR) has padlocked more than 100 outlets of a popular household appliance chain store across the country. This step was taken due to allegations of these stores are using either unregistered or tampered Point of Sales (POS) machines, resulting in significant tax...
Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui, Jr. is optimistic about increased participation in the new estate tax amnesty program due to simplified filing procedures. Recently, the BIR chief introduced Revenue Regulations No. 10-2023, implementing changes to the Estate Tax...
The Bureau of Internal Revenue (BIR) has once again earned top marks for its handling of tax-related matters referred by Malacañang during the first eight months of this year. From January to August, the Office of the President's 8888 Citizens' Complaint Center (8888 CCC) forwarded 962 citizen...
Rain or Shine and Meralco, two teams looking to rise to contender status, aim for a winning start in the 2023 PBA Commissioner’s Cup when they lock horns on Wednesday, Nov. 8, at the Philsports Arena in Pasig City. With both teams adding valuable pieces during the offseason, the Bolts and the...
Commissioner Romeo D. Lumagui Jr. of the Bureau of Internal Revenue (BIR) was honored with the "Rising Tiger & Nation Builder" award by the prominent business and lifestyle magazine, Rising Tigers Magazine. This prestigious accolade was presented recently during the Rising Tigers Magazine Power...
The Bureau of Customs (BOC), the government’s second largest tax agency, exceeded anew its collection target for October this year. In a statement, Customs Commissioner Bienvenido Y. Rubio said the bureau collected P78.61 billion last month, above by 1.4 percent against the P77.53 billion goal...
The World Customs Organization (WCO) has recognized the Bureau of Customs (BOC) for its commitment to professionalism and excellence that resulted in better trade facilitation and performance. BOC Commissioner Bienvenido Y. Rubio’s leadership, featured in the 69th issue of Asia/Pacific Customs...
