The City of Manila has successfully collected P160 million in unpaid taxes from contractors involved in various flood control projects, with the funds now being redirected to support key education and social programs, Manila Mayor Francisco "Isko Moreno" Domagoso announced. The announcement was...
CEBU CITY – Fourteen local government units (LGUs) in Bohol province were recognized for their exemplary tax collection performance in 2024. The recognition was handed out by the Provincial Treasurer’s Office (PTO) in partnership with the Bohol Municipal Treasurer’s League. The award was...
Panfilo "Ping" Lacson (Lacson's office) Alyansa para sa Bagong Pilipinas senatorial candidate Panfilo "Ping" Lacson is batting for additional incentives for local government units (LGUs) as a way to improve their local tax collection while...
CEBU CITY – The provincial government of Bohol has recommended the creation of a task force to further improve its revenue collection effort. BOHOL Gov. Aris Aumentado (center) and Provincial Administrator Aster Caberte (left) meet officials of the Bureau of Internal Revenue (BIR)-Bohol to...
Camarines Sur 2nd district Rep. LRay Villafuerte (Facebook) Camarines Sur 2nd district Rep. LRay Villafuerte says the newly-signed Real Property Valuation and Assessment Reform Act (RPVARA) will generate higher revenue for local government units...
BAGUIO CITY – The City Treasurer's Office reported a tax collection of P1.205 billion from January to April 30 this year, a 12.27 percent increase compared to the same period last year with P1.074 billion. PEOPLE cross a pedestrian lane in Baguio City on May 27. The City Treasurer's Office...
The Court of Tax Appeals (CTA) has affirmed its division's ruling that denied the petition of Sanyo Seiki Stainless Steel Corporation against the Bureau of Internal Revenue's (BIR) P51.99 million deficiency income tax assessment issued in 2006. The BIR sent a Letter Notice to Sanyo on Oct. 23,...
E-cigarette and vape manufacturers and distributors in the country are in favor of the Department of Finance's (DOF) efforts to improve tax collection efficiency and pursue tax evaders, including those involved in the vapor products sector. In a statement, Joey Dulay, Philippine E-cigarette...
The Bureau of Internal Revenue (BIR) is intensifying its tax efficiency by actively reaching out to business owners to discuss their tax responsibilities, with the goal of enhancing its collection performance for the year. The Nationwide Tax Compliance Verification Drive (TCVD), which runs from...
President Marcos has signed Republic Act (RA) No. 11976, or the Ease of Paying Taxes Act, to boost the economy and safeguard taxpayer rights while improving revenue collection through digitalization initiatives. File photos Marcos signed the measure on Friday, Jan. 5. It was one of his priority...
Malacañang has turned down provisions in the Ease of Paying Taxes (EOPT) law that aimed to exempt small businesses from deducting withholding taxes. In a letter dated Jan. 5, 2024, addressed to the House of Representatives, President Marcos said he was “constrained to veto Section 8,” of...
The Bureau of Customs, the government's second-largest tax agency, exceeded its target in August due to efficient operations, increased trade activities, and strong revenue measures. In a statement, Customs Commissioner Bienvenido Y. Rubio said the bureau collected P75.64 billion last month, five...
