New direct flights and Halal-friendly travel, led by the Department of Tourism (DOT), are set to draw Saudi travelers as the Kingdom becomes one of the country’s fastest-growing inbound markets. DOT Secretary Christina Garcia-Frasco said the Philippines remains popular among Saudi visitors for...
While businesses involved in ghost selling have paid over ₱4.3 billion as of December 2024, the Bureau of Internal Revenue (BIR) chief expects this amount to double to at least ₱8 billion once ongoing assessments are completed. Earlier this month, the BIR reported that the Run After Fake...
Senator Sherwin Gatchalian has called on the Bureau of Internal Revenue (BIR) to step up its efforts against the proliferation of "ghost" and fake receipts. According to Gatchalian, such activities are denting government revenues and adversely affecting micro-enterprises. The senator...
House of Representatives (Ellson Quismorio/ MANILA BULLETIN) Albay 2nd district Rep. Joey Salceda is eyeing a briefing with the Bureau of Internal Revenue (BIR) in the House of Representatives on the fake or "ghost receipts" scam, which has apparently cost the national government billions in lost...
Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui Jr. has issued a warning to the successful candidates of the May 2023 Licensure for Certified Public Accountants regarding the risks associated with the use of fake or ghost receipts and invoices in their professional activities. *BIR...
The House plenary. (Ellson Quismorio/ MANILA BULLETIN) The archaic, 111-year-old Warehouse Receipts Law is now one step closer to being updated. This, after the House of Representatives approved on third and final reading House Bill (HB) No. 198 or the Revised Warehouse Receipts Law of the...
Amid moves in Congress to change the current Constitution, Deputy Speaker and Pampanga 3rd District Rep. Aurelio Gonzales Jr. has proposed that 40 percent foreign ownership be allowed in mass media for its improvement. media In a statement, the lawmaker shared several of the amendments he submitted...
The Bureau of Internal Revenue (BIR) has ordered a crackdown on business establishments that have been using fake receipts and invoices printers. In a statement, the BIR said fake receipts and invoice printers have been causing the government to lose billions of pesos annually. "We will file...
As the campaign season for the May 2022 elections continues, Vice President Leni Robredo has a piece of advice to voters: If a candidate is claiming to care for a certain sector, ask for receipts. Vice President Leni Robredo (VPLR Media Bureau) Robredo made the statement during the virtual Covenant...
The Department of Finance (DOF) is calling for the passage of the Warehouse Receipts Bill to professionalize the industry as well as help the country in attaining food security. In a DOF Economic Bulletin on Sunday, Dec. 26, Finance Undersecretary and Chief Economist Gil S. Beltran said storage,...
A pediatric neurosurgeon asked for help on social media after he found out that a coronavirus disease (COVID-19) drug was being sold using receipts under his name. Pediatric neurosurgeon Ronnie Baticulon uploads on Twitter a copy of a fake receipt which was used to sell Remdesivir under his name...
