Stricter monitoring and technical assessments of imported goods—rather than higher import volumes—likely drove the Bureau of Customs (BOC) past its ₱82-billion revenue target for July, according to its chief. Speaking to reporters during the turnover of proceeds from forfeited luxury...
Actors Alden Richards and Barbie Forteza have been recognized by the Bureau of Internal Revenue (BIR) as among the country 's top taxpayers, with the agency also commending their efforts to promote responsible tax compliance. Richards was cited as one of the Philippines ' highest...
Malacañang said the government is considering possible reforms in excise and health taxes to offset the P66 billion forgone revenues from President Marcos ' proposed tax relief package. Palace Press Officer and Communications Undersecretary Claire Castro said the Department of Finance (DOF)...
Vice President Sara Duterte 's husband, lawyer Manases "Mans" Carpio, on Friday, July 31, said his legal team believes there are significant legal issues surrounding the authorization to release their income tax records, arguing that the matter warrants judicial review under the Constitution...
Senate Secretary and Clerk of Court Renato Bantug said on Thursday, July 30, that all banks served with subpoenas by the Senate Impeachment Court have submitted the documents requested in connection with the impeachment trial of Vice President Sara Duterte. Bantug said the Bureau of Internal...
The Bureau of Internal Revenue (BIR) expressed readiness to execute the tax reform agenda outlined by President Ferdinand R. Marcos Jr. during his 2026 State of the Nation Address (SONA). BIR Commissioner Charlito Martin R. Mendoza said the tax assessment agency is positioning itself to implement...
The Bureau of Internal Revenue (BIR) has released guidelines clarifying the tax abatement initiative for micro-enterprises to clear up confusion surrounding eligibility criteria and unresolved penalties. Under Revenue Memorandum Circular No. 84-2026, the tax authority outlined the operational...
Businesses seeking to claim net operating losses incurred during the height of the pandemic in 2020 and 2021 cannot do so through the Bureau of Internal Revenue’s (BIR) standard electronic filing systems, which remain hard-coded for a three-year carry-over window. Under Republic Act No. 11494...
The Bureau of Internal Revenue (BIR) filed criminal complaints against Sunwest Inc. and its top executives over an estimated ₱22.71 billion in unpaid deficiency income taxes, marking one of the government’s largest tax enforcement actions this year. In a statement, the BIR said that the tax...
The national government’s fiscal deficit reached ₱786.8 billion in the first half of the year, widening from the ₱765.5 billion shortfall recorded in the same period in 2025 as state spending outpaced revenue growth. Despite the year-on-year increase, the Bureau of the Treasury (BTr) noted in...
Bureau of Customs (BOC) Commissioner Ariel F. Nepomuceno has ordered to maintain round-the-clock surveillance in a bid to prevent illicit activities concerning seized cigarettes particularly at Manila and Cebu ports. Formalized in a memorandum dated July 20, the directive outlines an urgent...
The Bureau of Internal Revenue (BIR) issued guidelines on the creditable withholding tax applied to wholesale purchases to resolve industry confusion and standardize compliance across major corporate buyers and manufacturers. Under Revenue Memorandum Circular No. 79-2026, published on July 20, the...
