Bureau of Internal Revenue (BIR) Commissioner Romeo Lumagui Jr. confirmed that the agency’s current collection target of ₱3.2 trillion may be revised due to the country’s slower-than-expected gross domestic product (GDP) growth. “If you follow the GDP growth, there should be a recalibration...
The Bureau of Internal Revenue (BIR) has extended work hours at its Revenue District Offices (RDOs) to accommodate the surge of taxpayers availing of the estate tax amnesty before the June 16 deadline. In a statement, BIR Commissioner Romeo D. Lumagui Jr. said that RDOs have extended their...
Authorities busted an online-enabled illicit vape operation in Bulacan, seizing over 18,000 vape products and counterfeit tax stamps due to a coordinated effort between the Bureau of Internal Revenue (BIR) and the National Bureau of Investigation (NBI). In a statement, BIR Commissioner Romeo...
The Bureau of Internal Revenue (BIR) has introduced simplified procedures for value-added tax (VAT) refund claims, as part of its implementation of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) MORE Act. Detailed in Revenue Memorandum Circular (RMC) No. 37-2025, the changes aim...
The Insurance Commission (IC) reported on Wednesday, May 21, that the local life insurance industry’s total premium income surged 13.9 percent to ₱99.9 billion in the first quarter of the year, boosted largely by a massive jump in single premiums under variable life insurance. By volume, the...
SINGAPORE—The Philippine government is currently sharpening its next climate battle plan that will anchor its third round of nationally determined contributions (NDC 3.0) submission ahead of the COP30 Climate Change Summit slated at the Amazonian city of Belem in Brazil by November this year. In...
The Bureau of Customs (BOC) is destroying approximately ₱3.26 billion worth of seized illicit vape products to reinforce its commitment to combat smuggling and protect public health. In a statement, Customs Commissioner Bienvenido Y. Rubio said the BOC began large-scale condemnation on April 7,...
The recently concluded TNT-Barangay Ginebra title showdown proved to be a monster hit not just at ticket sales but in TV ratings and in social media hits. The Tropang Giga beat the Gin Kings in the well-fought series that took the full seven-game distance, with the decider drawing a crowd of 21,274...
With the huge 21,274 people bearing witness to its greatness, TNT asserted its mastery over Barangay Ginebra with a nail-biting 87-83 overtime win in Game 7 of the PBA Finals to wrest the Season 49 Commissioner’s Cup title at the Smart Araneta Coliseum on Friday, March 28. Rondae Hollis-Jefferson...
BIR Commissioner Romeo D. Lumagui, Jr. The Bureau of Internal Revenue (BIR) is reminding taxpayers to file and pay their 2024 income tax returns (ITR) by the April 15, 2025 deadline to prevent incurring penalties. In a statement on Friday, March 28, BIR Commissioner Romeo D. Lumagui, Jr. said that...
The Bureau of Internal Revenue (BIR) is launching a nationwide crackdown on fake Persons with Disability (PWD) identification cards to protect legitimate PWD privileges and prevent government revenue losses. In a statement, BIR Commissioner Romeo D. Lumagui Jr. expressed that the bureau maintains a...
Barangay Ginebra is armed with all the momentum and inspiration heading into what could be the turning point of the series in Game 5 on Sunday, March 23. But head coach Tim Cone is not allowing his wards to let their guards down. (PBA Images) Not when the PBA Season 49 Commissioner’s Cup...
