The Bureau of Customs (BOC), the government’s second-largest tax agency, announced that it had exceeded its revenue collection target for the first eight months of 2024. In a statement on Friday, Sept. 6, the BOC reported that it collected P614.781 billion from Janaury to August this year,...
The Bureau of Internal Revenue (BIR) is gearing up to strengthen interagency cooperation and coordination to effectively combat tax evasion and money laundering. BIR Commissioner Romeo D. Lumagui Jr. said it is necessary to enhance collaboration with the Anti-Money Laundering Council (AMLC) amid...
The Bureau of Customs (BOC) has signed a memorandum of understanding (MOU) with the Philippine Chamber of Commerce and Industry (PCCI) to strengthen joint monitoring of commodities and ensure fair practices that protect local industries. The MOU was formalized during the 6th Customs and Industry...
The Bureau of Customs (BOC) has seized P5.5 billion worth of illegally imported cigarettes and counterfeit items in a warehouse in Bulacan. The operation, conducted by the BOC-Customs Intelligence and Investigation Service (CIIS) on Friday, Aug. 30, was initiated following a letter of...
The Bureau of Internal Revenue (BIR) has approved an additional 15 medicines to be exempt from value-added tax (VAT) for treating cancer, high cholesterol, hypertension, and mental illness. This updated list of tax-exempt medicines was released following a recommendation from the Food and Drug...
Two-time Olympic gold medalist Carlos Yulo will not be required to pay taxes on his winnings and incentives, according to the Bureau of Internal Revenue (BIR). BIR Commissioner Romeo D. Lumgui Jr. explained that prizes, awards, rewards, gifts, or donations received by Yulo are not subject to...
The Bureau of Internal Revenue (BIR) has warned celebrities and influencers against promoting vape products that may not comply with tax regulations. In a statement on Thursday, Aug. 22, BIR Commissioner Romeo D. Lumagui Jr. urged public figures to verify the tax compliance of the vape products...
The festive mood took a hit on Sunday, Aug. 18, when the Bureau of Internal Revenue (BIR) conducted a raid at the Philippine Vape Festival 2024, targeting illegal products. BIR Commissioner Romeo D. Lumagui Jr. headed a team that raided this year's vape festival in Las Piñas after surveillance...
Customs Commissioner Bienvenido Y. Rubio has instructed the Intelligence Group to launch an immediate investigation into the alledged recycling and resale of seized vape products. In a memorandum dated July 29, Rubio ordered Bureau of Customs (BOC) Deputy Commissioner for Intelligence Group Jubymax...
The Bureau of Customs (BOC) seized P38.8 million worth of dried marijuana from Thailand at the Manila International Container Port (MICP) last week. According to the BOC, the contraband was discovered after the Customs Intelligence and Investigation Service (CIIS) Field Station at the MICP...
The Bureau of Internal Revenue (BIR) has extended the deadline for filing and paying various taxes to July 31 due to the economic and financial hardships caused by Super Typhoon Carina in affected areas. "In this time of need and disaster, the BIR will extend the deadlines for submission, filing,...
The Bureau of Internal Revenue (BIR) seized a vending machine openly selling illegal vape products near popular hangout spots for youth. In a Facebook post by BIR Commissioner Romeo D. Lumagui Jr., he said the vending machine in a public building housing several businesses was found to sell illegal...
