The Bureau of Internal Revenue (BIR) said Friday, Oct. 22, that it has padlocked 322 businesses nationwide during the first nine months of the year mostly for non-registration and non-issuance of receipts or invoices to their customers. (File photo / MANILA BULLETIN) However, BIR Deputy...
Collections of the government’s two main tax agencies surpassed the P2-trillion mark in the first nine months of the year, nearing the pre-pandemic level, the Department of Finance (DOF) reported Friday, Oct. 22. Finance Secretary Carlos G. Dominguez III said tax haul of the Bureau of Internal...
A House of Representatives panel has recommended passage of a bill that would guarantee allocation for the procurement of medicines and other community health requirements needed by indigent patients. Medicines The House Committee on Local Government has unanimously approved House Bill 10392 that...
More than half of the initial list of tax-delinquent social media influencers have yet to begin the sign-up process with the Bureau of the Internal Revenue (BIR) despite crackdown, the Department of Finance (DOF) said. Finance Assistant Secretary Dakila Elteen M. Napao said late Friday, Oct. 8,...
The Bureau of Customs (BOC) has surpassed its revenue collection goal for September 2021 after posting a record-breaking actual collection of P59.9 billion, the agency said Friday, Oct. 1. (Photo courtesy of NAIA-BOC) The bureau disclosed that the "highest monthly collection recorded to date" is...
The Coordinating Council of Private Educational Associations (COCOPEA) on Monday, Sept. 27, commended the Senate for passing on third and final reading the measure that seeks to clarify that all private schools are entitled to the one percent preferential tax rate under the Corporate Recovery and...
Some 250 famous social medial (socmed) personalities are now being investigated by the Bureau of Internal Revenue (BIR) for possible tax evasion, the Department of Finance (DOF) said. In a statement, the DOF said on Thursday, Sept. 16, that the tax bureau is looking into an initial 250 top earning...
E-Cigarettes The Bureau of Internal Revenue (BIR) will start affixing tax stamps on e-cigarettes and heated tobacco products (HTP) to ensure tax compliance among manufacturers of these alternatives to traditional smoking. Based on BIR Revenue Regulations No. 28 dated Sept. 10, 2021, the the...
The House of Representatives on Tuesday, August 31 unanimously approved on third and final reading the proposed Hidilyn Diaz Act that would exempt from taxes all bonuses, gifts and incentives received by national athletes for winning in international sports competitions. Hidilyn Diaz - Gold Medal...
Presidential Spokesperson Harry Roque has affirmed that President Duterte's decision to allow casino operations on the world-famous Boracay island in Aklan was indeed caused by the government’s need for additional funds. (Photo by Kaysha/ Unsplash) "The President has given his go-signal allowing...
The Bureau of Internal Revenue (BIR) and social media influencers and other digital workers have been asked to chill and give way to dialogue in addressing the taxation controversy that have put them at loggerheads. Axie Infinity Rizal 2nd District Rep. Fidel Nograles aired the appeal as he...
The proposed Hidilyn Diaz Act easily hurdled second reading passage in the House of Representatives on Tuesday, August 24. Hidilyn Diaz 2 House Bill 9990 seeks to clarify all laws on the imposition of taxes for bonuses, rewards, donations, gifts and other forms of emoluments granted to national...
