As the Bureau of Internal Revenue (BIR) ramps up digitalization initiatives, the Department of Finance (DOF) reported that nearly all income tax returns (ITRs) were filed online during the last tax filing season. In a statement released by the DOF on Thursday, June 3, it cited a BIR report stating...
Providing world-class customer experience is a local telco's best bet to stay on top of the game. "By 2030, we hope to continue being the leader in customer experience," said PLDT Chief Revenue Officer and Smart Communications President and CEO Alfredo S. Panlilio. "We also ought to be more digital...
The Bureau of Customs (BOC) surpassed its revenue collection goal for May 2021 by over P3 billion, posting an actual collection of P49.334 billion, the agency said Wednesday, June 2. Bureau of Customs (BOC) Commissioner Rey Leonardo Guerrero (Photo courtesy of the BOC) The bureau has recorded a...
The Bureau of Internal Revenue (BIR) should collect the P40-billion in unpaid franchise taxes of Philippine Offshore Gaming Operators or POGOs and they should leave the country once they’ve paid. Senator Risa Hontiveros made the call as she stressed that the social costs that came along with the...
The Anti-Red Tape Authority (ARTA) has called on government agencies to follow the lead of the Securities and Exchange Commission (SEC) and the Bureau of Internal Revenue (BIR) in reforming business processing. ARTA ARTA Secretary Jeremiah Belgica lauded the two agencies and urged others to follow...
The Department of Finance (DOF) said the exchange of information between the Department of Energy (DOE) and the government’s two main tax agencies will boost the implementation of the first-ever nationwide fuel marking program. Screen Shot 2021-05-28 at 10.31.20 AM Finance Secretary Carlos G....
The Philippines should be a strategic hyperscaler hub in the region, PLDT Chief Revenue Officer Alfredo S. Panlilio said. Panlilio said that as the telco is also building capacities to bring hyperscalers into the country. Hyperscalers” are massive companies like Google, Facebook, and...
The Bureau of Customs (BOC) surpassed its revenue collection goal for April 2021 by over P2 billion on the strength of its actual collection of P51.277 billion, the agency said Monday, May 3. Bureau of Customs (BOC) Commissioner Rey Leonardo Guerrero (Photo courtesy of the BOC) The bureau had set a...
With local revenue generation of P4.8 billion in 2019, Parañaque City has been recognized as the sixth richest city in the country by the Department of Finance’s (DOF) Bureau of Local Government. (Screenshot / Facebook / Mayor Edwin L. Olivarez / MANILA BULLETIN) Niño Raymond B. Alvina, Bureau...
Globe Telecom Inc. projects low-to-mid single-digit service revenue growth this year as the economy recovers from the 2020 pandemic-induced recession. Hence, the telco remains gung-ho on its P70 billion capex for 2021. “We believe that the relevant product platforms in place, coupled with the...
The national government’s two main tax agencies exceeded their revised collection target in the first eight-months of the year, but remained lower than last year’s performance, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III said the Bureau of Internal Revenue...
The national government posted a significantly wider budget deficit last month despite the Duterte administration's almost flat spending due to dwindling revenues amid the pandemic, data from the Bureau of the Treasury showed. Official data showed the national government’s fiscal gap swelled by...
