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...
Communications Secretary Martin Andanar said President Duterte was only reminding the Bureau of Internal Revenue (BIR) to do its job and collect taxes following reports of a certain presidential candidate having unpaid estate taxes. File photos Andanar made this statement after Duterte said in his...
Senatorial candidate and incumbent Sorsogon Governor Francis “Chiz” Escudero has urged the government to channel all collections from taxes on fuel to a more substantial aid package for struggling households. Instead of the measly P200 monthly allowance, Escudero said Congress should pass a...
Heirs of former President Fernando Marcos cannot walkaway from paying the family's P203.8 billion estate tax even if one of them becomes the next President of the country, former Internal Revenue Commissioner Kim S. Jacinto-Henares said. Jacinto-Henares explained that “if we follow the law,”...
The Bureau of Internal Revenue (BIR) and the Bureau of Customs have exceeded their combined collection target, the Department of Finance (DOF) said on Thursday, March 17. In a statement, the DOF’s Revenue Operations Group (ROG) said the government’s two main tax agencies collected P2.732...
President Duterte is not keen on suspending the operations of e-Sabong (electronic or online cockfighting) as the government is getting billions of pesos from its operations. President Rodrigo Duterte (RTVM Screenshot) Duterte made the statement amid calls to suspend the gambling activity following...
The Department of Finance (DOF) vowed the government’s quick return to fiscal consolidation following the massive spike in budget deficit and debt ratios due to the pandemic-induced recession. At the 2022 Bureau of the Internal Revenue (BIR) National Tax Campaign Kickoff on Thursday, March 3,...
The Duterte administration’s budget deficit fell below ceiling last year driven mainly by higher than expected revenues as well as slightly below programmed spending, the Bureau of the Treasury reported. Data from the Treasury bureau showed Tuesday, March 1, that the national government incurred...
