The Bureau of Internal Revenue (BIR) clarified that cross-border services, including information technology outsourcing and consulting, are not subject to automatic income tax, easing concerns among multinational firms about the 2024 rule, which appeared to broaden the government’s reach. In a...
The Bureau of Internal Revenue (BIR) has authorized Philippine National Oil Co.-Exploration Corp. (PNOC-EC) to bypass standard customs delays for emergency fuel shipments to stabilize the nation’s energy supply amid worsening domestic crunch. In a statement on Monday, March 30, BIR Commissioner...
In a bid to strengthen tax collection and improve field operations, the Bureau of Internal Revenue (BIR) has rolled out a sweeping leadership reshuffle, reassigning around 40 key officials across the country. The revamp, which covers positions from regional directors down to revenue district...
Manila Mayor Francisco "Isko Moreno" Domagoso met with Housing Investment Committee officials on Wednesday, March 4, to discuss plans on how to further boost the city 's passive income funds collected from the city 's housing projects. Domagoso said the plan aims to create additional...
The Bureau of Internal Revenue (BIR) discussed some of its reforms on Tuesday, Feb. 10, aimed at addressing the alleged money-making scheme involving Letters of Authority (LOAs) within the agency by minimizing human intervention. During the hearing of the Senate Blue Ribbon Committee, Senator...
WASHINGTON (AP) — President Donald Trump is suing the IRS and Treasury Department for $10 billion, as he accuses the federal agencies of a failure to prevent a leak of the president 's tax information to news outlets between 2018 and 2020. The suit, filed in a Florida federal court...
The Bureau of Internal Revenue (BIR) is preparing to lift its suspension on tax audits, introducing tightened framework aimed at curbing examiner discretion and restoring private-sector confidence in the nation’s tax administration. In a statement on Monday, Jan. 26, the BIR said the bureau...
The Bureau of Internal Revenue (BIR) launched a reform agenda aimed at overhauling tax audits and tightening accountability through a new oversight framework. During the agency’s Directors’ Conference, BIR Commissioner Charlito Martin R. Mendoza introduced a five-point program dubbed BIR...
The Washington-based multilateral lender International Monetary Fund (IMF) sees the narrowing of Philippine debt relative to the size of the economy being delayed until it reaches 60 percent, with the proposed revenue-generating general tax amnesty (GTA) among the measures seen as offering limited...
The government is moving to curtail the power of tax investigators to conduct audits, part of an aggressive push to curb bureaucratic overreach and improve the business climate for the private sector. Finance Secretary Frederick Go told reporters the Department of Finance (DOF) is “seriously”...
Bureau of Internal Revenue (BIR) Commissioner Charlie Mendoza outlined the agency 's planned reforms to tighten oversight on audit issuances amid the alleged misuse and weaponization of letters of authority (LOA) by its personnel. Mendoza made the remark during the Senate Blue Ribbon...
The Philippine Stock Exchange (PSE) is disputing a ₱195.24-million tax assessment by the Bureau of Internal Revenue (BIR) and vows to “take appropriate legal action for the cancellation of the assessment.” The bourse said it received a final assessment notice (FAN) from the BIR assessing its...
