The national government’s (NG) usual April budget surplus shrank by more than half this year after the annual income tax returns (AITRs) filing and payment deadline was extended by one month due to the national energy emergency, although revenues were partly supported by millions of pesos in...
The Bureau of Internal Revenue (BIR) issued a final call to taxpayers to settle their obligations on Friday, May 15, the end of the one-month extension for the 2025 tax year. In a statement, BIR Commissioner Charlito Martin R. Mendoza urged the public to utilize electronic channels to complete...
In one of the more contentious side topics of Vice President Sara Duterte’s impeachment hearings, the House Committee on Justice voted on Wednesday, April 29 not to open the sealed box of tax records submitted by the Bureau of Internal Revenue (BIR) containing the income tax returns of Vice...
President Marcos has extended the deadline of filing of 2025 income tax returns (ITR) from April 15 to May 15. It aims to give taxpayer more time to file their ITR properly without incurring penalties. "Pinalawig natin ang deadline ng filing ng 2025 Annual Income Tax Returns mula April 15 hanggang...
The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 20-2026, providing guidelines for the filing of annual income tax returns (AITRs) and payment of taxes for calendar year 2025. BIR Commissioner Charito Martin R. Mendoza said the circular supports the Ease of...
The Bureau of Internal Revenue (BIR) clarified that cross-border services, including information technology outsourcing and consulting, are not subject to automatic income tax, easing concerns among multinational firms about the 2024 rule, which appeared to broaden the government’s reach. In a...
As the April 15 deadline for the filing of annual income tax returns (ITRs) approaches, Sen. Sherwin Gatchalian called on the Bureau of Internal Revenue (BIR) to ensure the full and effective implementation of the law that makes filing of such document easier and faster. Gatchalian is referring to...
Senator Jinggoy Ejercito Estrada is now pushing for a bill seeking to lower the individual income tax rates to increase the take-home pay of workers, particularly for low and middle-income earners. In filing Senate Bill No. 1685, Estrada proposes to adjust tax brackets starting in 2027 by amending...
(MANILA BULLETIN) On Labor Day, Alyansa para sa Bagong Pilipinas senatorial candidate Benhur Abalos batted for higher income tax exemption levels, as he reckoned that workers deserve greater financial relief amid continuing inflation...
BIR Commissioner Romeo D. Lumagui Jr. Bureau of Internal Revenue (BIR) Commissioner Romeo Lumagui Jr. is confident that the government’s main tax agency will meet its ₱3.23 trillion collection goal this year after it exceeded its first quarter targets. “Based on the progress of...
The Court of Tax Appeals (CTA) has ordered a businessman to pay the Bureau of Internal Revenue (BIR) P6.6 million in deficiency income and value-added taxes of his company for calendar year 2016. Redentor Agpuldo Tagala, proprietor of 7th Concept Trading and 7C Construction, filed a petition for...
President Marcos’ chief economic manager stated that he expects an additional P300 billion to be injected into the government’s treasury over the next five years following the planned revision of existing passive income tax law. Department of Finance (DOF) Secretary Ralph G. Recto, during...
