The Bureau of Internal Revenue (BIR) has revealed that the use of fake invoices and receipts by certain business establishments has resulted in an annual loss of up to P546 billion in value-added tax (VAT) for the government. BIR Commissioner Romeo D. Lumagui Jr. made the disclosure during the 119th...
The Land Transportation Office-National Capital Region (LTO-NCR) has collected more than P4.5 billion revenue for the second half of this year, which it said, reflected an increase compared to the same period in 2022. LTO-NCR director Roque Verzosa said the P4,551,670,401.06 revenue collection from...
Finance Secretary Benjamin Diokno said the condonation of all unpaid agrarian debt will have no impact on the government's revenue. DOF Secretary Benjamin Diokno (Noel B. Pabalate) Diokno stressed the government has already made plans about the government's target revenue and the condonation of the...
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...
In a two-day crackdown operation, the Bureau of Internal Revenue (BIR) has confiscated a large amount of untaxed juice and powdered tea drinks from three major grocery stores and their manufacturer in Metro Manila and Cavite. The BIR's large taxpayers service (LTS), under Assistant Commissioner...
The Bureau of Internal Revenue (BIR) is exploring the option of implementing tax withholding measures on major online platform providers such as Lazada and Shopee. The BIR said that it aims to ensure that taxes owed by online sellers of goods and services are collected more effectively. A senior...
The Bureau of Internal Revenue (BIR) is hitting the ground running. In the first four months of 2023, it surpassed its collection target by ₱14.319 billion. In particular, BIR Commissioner Romeo D. Lumagui Jr. cited the agency’s ₱336.02-billion collection in April, surpassing its goal for the...
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 Bureau of Customs (BOC) reported Friday, June 2, that it has collected P77.793 billion in revenue in May which surpassed its collection target for the said month. *BOC Commissioner Bienvenido Y. Rubio (File photo) * The collection was P5.443 billion or 7.52 percent bigger than the collection...
The government's sin tax revenues deteriorated last year after levies collected from alcohol and tobacco products fell short of target, data from the Bureau of Internal Revenue (BIR). Based on the BIR document submitted to the Department of Finance, the government’s main tax agency collected...
The Bureau of Internal Revenue (BIR) has no plan to extend the deadline for the filing of annual income tax return (AITR) due to its possible impact on funding programs of the government. In a statement, BIR Commissioner Romeo D. Lumagui, Jr. said deadline for the payment and filing of 2022 AITR...
As the deadline for the filing and payment of the 2022 Annual Income Tax Return (AITR) approaches, the Presidential Communications Office (PCO) has reminded the public to maximize the Bureau of Internal Revenue (BIR)'s "File and Pay Anywhere" setup. *Presidential Communications Office / Facebook* In...
