The Bureau of Internal Revenue (BIR) launched simultaneous enforcement operations targeting 11 cockpit arenas, part of an expanding nationwide drive to force unregulated gambling technology into compliance. During the Aug. 8 raids, the BIR said revenue enforcement officers uncovered 297 unrecorded...
The Bureau of Internal Revenue (BIR) is subjecting its tax investigators to a second tier of scrutiny, introducing a revalidation process to eliminate calculation errors and enforce legal compliance across all assessment issuances. BIR Commissioner Charlito Martin R. Mendoza ordered the mandatory...
The Bureau of Internal Revenue (BIR) and the Supreme Court are working to integrate their digital platforms to create a fully paperless notarization and tax compliance process for businesses and individuals in the country. BIR Commissioner Charlito Martin R. Mendoza and Supreme Court Associate...
The Bureau of Internal Revenue (BIR) sealed dispensing pumps across nearly 40 percent of gasoline stations inspected during the opening days of the agency’s latest anti-tax evasion enforcement drive in Luzon. In a statement, BIR Commissioner Charlito Martin R. Mendoza said that inspectors...
The Bureau of Internal Revenue (BIR) filed a ₱2.23 billion tax evasion case against offshore online gaming operator Hongsheng Gaming Technology Inc. after its investigation uncovered underreporting of revenues and unremitted taxes. In a statement, BIR Commissioner Charlito Martin R. Mendoza said...
The Bureau of Internal Revenue refined tax regulations governing early withdrawals from personal equity and retirement accounts (PERA) to shield long-term savings while providing investors greater portfolio flexibility. Under Revenue Memorandum Circular No. 91-2026, issued Aug. 11, the tax...
Only the gross income earned from assets attributable to a personal equity and retirement account (PERA)—not the entire account balance—will be subject to a 20-percent charge if accountholders opt to prematurely withdraw their contributions, the country’s top tax authority clarified. Amid...
Former Finance Secretary Benjamin E. Diokno warned that the proposed ₱7.2-trillion national budget for 2027 will be exceptionally tight, constraining government flexibility as economic growth slows and borrowing costs escalate. Speaking at the Kapihan sa Manila Bay forum on Wednesday, Aug. 12,...
The Bureau of Internal Revenue (BIR) collected ₱2.003 trillion in the first seven months of the year, surpassing its target for the period as stronger taxpayer compliance and administrative reforms boosted government revenue. In a statement, BIR Commissioner Charlito Martin R. Mendoza said that...
The Bureau of Internal Revenue (BIR) has pushed back deadlines for specified tax filings and payments to Aug. 17 for regions hit by heavy monsoon rains, providing relief to affected individuals and businesses in Luzon. Under Revenue Memorandum Circular No. 89-2026, the extension applies to tax...
Nearly half of Philippine businesses remain dissatisfied with registration and closure procedures despite a law aimed at cutting red tape, as fragmented government systems, weak data sharing, and uneven digitalization continue to slow transactions, according to the Department of Economy, Planning,...
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...
