By CZARINA NICOLE ONG KI The Court of Tax Appeals (CTA) has denied the P262 million tax refund claimed by Ford Group Philippines, Inc. for the firm's alleged excess and unutilized creditable withholding taxes (CWT) for 2018. Ford filed its Application for Tax Credits/Refunds before the Bureau of...
Most taxpayers have already fulfilled their annual tax filing obligations ahead of the deadline, the Bureau of Internal Revenue (BIR) reported. BIR Commissioner Romeo D. Lumagui Jr. said that 95 percent of registered taxpayers have filed and paid their 2023 income tax returns (ITR) prior to the...
(Noel Pabalate/ MANILA BULLETIN) The House of Representatives and the Senate have approved in the bicameral conference committee meeting an amendment to the National Internal Revenue Code exempting overseas Filipino workers (OFWs) who derive their income...
As the deadline for the filing and payment of the 2022 Annual Income Tax Return (AITR) approaches, the Presidential Communications Office (PCO) has reminded the public to maximize the Bureau of Internal Revenue (BIR)'s "File and Pay Anywhere" setup. *Presidential Communications Office / Facebook* In...
Finance Secretary Carlos G. Dominguez III said that failure to file an income tax return (ITR) was not a violation under the 1977 National Internal Revenue Code (NIRC) as failure to file tax returns has become a punishable offense only in 1992. Dominguez issued this clarification Friday, Feb. 11,...