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...
The Bureau of Internal Revenue (BIR), the government's main tax agency, exceeded its collection target for July this year due to a significant boost in tax enforcement efforts. In a statement on Tuesday, Aug. 29, BIR Commissioner Romeo D. Lumagui, Jr. said the bureau collected P273.13 billion in...
The Bureau of Customs has completed the construction of a new sub-port building at the Mindanao Container Terminal (MCT) in Misamis Oriental, aimed at bolstering revenue collection and improving services for stakeholders. Located within the Phividec Industrial Estate in Tagoloan, Misamis Oriental,...
Senator Francis “Chiz” Escudero on Monday, August 14 reiterated his call for the government to first prioritize improving its collection before pursuing any plan to raise or impose new taxes. Sen. Francis "Chiz" Escudero (Senate PRIB Photo) Escudero pointed out Filipino...
Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui, Jr. vowed to conduct "no let up" tax enforcement operations to hit the P2.6 trillion collection target for the year. The BIR chief made the pledge during the launching of the agency's 2023 tax drive at the Philippine International...
The Bureau of Internal Revenue (BIR) has stepped up its tax campaign drive in a bid to raise P2.6 trillion this year. President Ferdinand R. Marcos, Jr. will lead top government officials, business leaders and officers of various professional groups in launching the collection drive at the...
The Bureau of Internal Revenue (BIR), the government’s main tax agency, announced that it exceeded its collection target in October this year, but still behind its 10-month goal. On Thursday, Dec. 1, the BIR reported that it generated P186.76 billion in October, higher by 1.5 percent or P2.23...
The newly-minted chief of the Bureau of the Internal Revenue (BIR) has ordered the resumption of audit and mission order issuances to run after suspected tax evaders. In a revenue memorandum circular dated Nov. 21, 2022, BIR Commissioner Romeo D. Lumagui Jr. lifted the suspension of field audits to...
Following the higher than expected revenue haul this year, Customs Commissioner Yogi Filemon Ruiz said he was looking at P1 trillion as his aspirational target for the government’s second largest tax agency. On the sidelines of the the Manila Bulletin Hotseat interview on Tuesday, Nov. 22, Ruiz...
The Bureau of Internal Revenue (BIR) has started sending notices to online sellers of goods and services to register. Revenue district officers (RDOs) nationwide are spearheading the information campaign as many of these taxpayers have not complied, or simply ignored requests to register. Metro...
The Bureau of Internal Revenue (BIR) is setting its sights on seven major business sectors that registered negative growth in collections following the government’s main tax agency’s weak performance in the first semester. During a Senate hearing on Tuesday, Aug. 16, BIR Commissioner Lilia C....
