Megaworld Corp. said the impending issuance of a closure notice against the property company has been clarified and resolved with the Bureau of the Internal Revenue (BIR). Francisco C. Canuto, Megaworld compliance and corporate information officer said in a statement that the company has reached...
Malacañang expressed confidence that the Philippine Amusement and Gaming Corporation (PAGCOR) can find alternative sources of revenue following President Duterte's order to end e-sabong (online cockfighting) operations in the country. 81598 Communications Secretary Martin Andanar said this after...
State-owned Philippine Amusement and Gaming Corp. (Pagcor) posted a double-digit rise in gambling revenues in the first three months of the year, but was still short of its target. Based on Pagcor’s statement of comprehensive income, the gaming regulator raised P11.29 billion from gaming...
The Department of Finance (DOF) on Thursday said it does not support the measures that seek to provide a tax exemption for teachers and other personnel who would render services during elections. The DOF made their position known at the Senate Committee on Ways and Means hearing on the various...
Filipinos are getting entrepreneurial as the Bureau of the Internal Revenue (BIR) reported an increase in the number of new businesses last year despite the prolonged pandemic, the Department of Finance (DOF) said. BIR Commissioner Caesar R. Dulay reported to the DOF that the agency registered 4.64...
TUBARAN, Lanao del Sur -- Twenty-one Tubaran barangays have complained against a memorandum issued by the Commission on Elections (Comelec) suspending any form of disbursement to the municipal treasurer, and declaring the town under its control pursuant to Comelec en banc resolution number 10757....
The Bureau of Internal Revenue (BIR) has filed tax evasion charges against seven corporate and nine individual taxpayers based in Luzon and Cebu worth more than P368 million. Bureau of Internal Revenue In separate criminal complaints submitted to the Department of Justice, BIR Commissioner Caesar...
The Philippine government is losing about P26 billion in taxes every year due to illicit cigarettes, a House lawmaker said. During the Combating Illicit Tobacco Trade webinar on Thursday, April 7, PBA Party-list Rep. Jericho Jonas B. Nograles said that based on the Euromonitor International report,...
The Bureau of Internal Revenue (BIR) recorded a decline in tax collection from Philippine Offshore Gaming Operations (POGO) last year following their exodus at the height of the pandemic. BIR Commissioner Caesar R. Dulay reported to the Department of Finance (DOF) that the bureau collected P3.91...
Presidential candidate Senator Panfilo M. Lacson on Thursday, April 7 supported calls to exempt teachers’ election honoraria from taxes. ‘’It is the least that the government can give them as incentive for the extra and thankless - yet patriotic - duty,’’ Lacson said in a statement....
The national government’s budget deficit narrowed in February this year owing to lower public spending. Data from the Bureau of the Treasury showed that the government incurred a P105.8 billion fiscal gap during the month, down by nine percent from P116 billion in February 2021. The slimmer...
The Bureau of the Internal Revenue (BIR) is planning to auction off some of the properties of the late President Ferdinand E. Marcos as his heirs continue to refuse in paying the estate tax. In a report to Finance Secretary Carlos G. Dominguez III on Wednesday, March 30, the BIR disclosed that the...
