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Manila Bulletin

BIR issues seven draft regulations for ease of paying taxes law

The Bureau of Internal Revenue (BIR) has released seven draft regulations related to the Ease of Paying Taxes law ahead of the two-day public consultation set for next week. In a recent BIR advisory , the bureau is inviting taxpayers to participate in a public consultation on the proposed...
Manila Bulletin

BIR: Solo parent now entitled to 10% discount of goods for their kids
The Bureau of Internal Revenue (BIR) said single parents can now claim 10 percent discount and value-added tax exemption for purchases of goods for their children aged six years old and below. This, after BIR Commissioner Romeo D. Lumagui, Jr. signed Revenue Regulations (RR) 1-2023 implementing the...
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DOF moves to review VAT on local inputs of exporters
The Department of Finance (DOF) is reviewing the Bureau of Internal Revenue’s (BIR) regulation, technically deferring the imposition of the value-added tax (VAT) on exporters’ purchases from local suppliers and indirect/constructive export transactions. Finance Secretary Carlos G. Dominguez III...
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