The Bureau of Internal Revenue (BIR) expanded its list of tax-exempt power sector fees, a move aimed at preventing double taxation and lowering electricity bills for consumers amid volatile global energy markets. Under Revenue Memorandum Circular 60-2026 issued on June 4, the government’s main...
Foreign digital service providers operating in the country cannot leverage international double tax agreements to avoid the nation’s 12 percent value-added tax (VAT), according to the Bureau of Internal Revenue (BIR). The tax authority clarified that bilateral tax treaties strictly apply to...
Large-scale metallic mining companies in the country have been granted up to two months after the close of each quarter to settle their royalty payments under the new fiscal framework, according to the Bureau of Internal Revenue (BIR). The Marcos administration is implementing the extension to...
The Bureau of Internal Revenue (BIR) has filed separate criminal complaints before the Department of Justice (DOJ) against three companies and an individual for allegedly failing to pay a total of ₱58.5 million in taxes, penalties, and surcharges. Charged with willful failure to pay internal...
The Bureau of Internal Revenue (BIR) has identified electronic marketplace (e-marketplace) operators and digital financial services providers (DFSPs) as withholding agents required to remit a portion of gross payments sent to sellers. Under BIR Revenue Memorandum Circular (RMC) No. 55-2026,...
Jackpot prizes from casinos and other gambling activities are subject to at least a 20-percent tax, the Bureau of Internal Revenue (BIR) said, clarifying the tax treatment of winnings amid the continued expansion of the Philippine gaming industry. Internal Revenue Commissioner Charlito Martin R....
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 country’s largest business group has expressed support for the streamlining of guidelines for closing businesses and canceling tax registrations with the Bureau of Internal Revenue (BIR), as part of efforts to strengthen the ease of doing business in the country. In a statement on Friday, May...
The Bureau of Internal Revenue (BIR) has overhauled the rules for dissolving corporate entities and cancelling tax registrations, introducing a fast-track system that slashes processing times to as little as three working days for smaller enterprises. The tax agency issued Revenue Memorandum...
As the Bureau of Customs (BOC) targets the rollout of a new top importers office (TIO) by the third quarter of 2026, Manila Bulletin has learned that the bureau is eyeing up to 2,000 major importers that account for nearly three-fourths of annual revenues of the country ’s second largest...
The government is nearing the end of its year-long search for a private partner to manage its nationwide value-added tax (VAT) refund system (VRS) for foreign tourists, as the Department of Finance (DOF) moves to formalize the accreditation process for global operators. Bureau of Internal Revenue...
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...
