The Bureau of Internal Revenue (BIR) has ordered a crackdown on business establishments that have been using fake receipts and invoices printers. In a statement, the BIR said fake receipts and invoice printers have been causing the government to lose billions of pesos annually. "We will file...
Bureau of Internal Revenue (BIR) and National Bureau of Investigation (NBI) operatives have arrested 36 employees of a printing company allegedly engaged in the lucrative distribution of fake invoices and receipts. Money/File (Manila Bulletin article) BIR Commissioner Romeo D. Lumagui Jr. said the...
BRUSSELS, Belgium -- The European Union on Thursday adopted a plan for a global minimum 15 percent tax on multinational businesses, after leaders gave final approval following months of wrangling. The landmark agreement between nearly 140 countries is intended to stop governments racing to cut...
The Bureau of Internal Revenue (BIR) said it will intensify the search for unregistered online traders and social media influencer who earn huge income through the years but would not pay any tax to the government. BIR Commissioner Romeo D. Lumagui, Jr. has formed special task force (STF) in every...
The Court of Tax Appeals (CTA) has erased the P179.9 million tax liabilities of a businessman from Isabela for the failure of the Bureau of Internal Revenue (BIR to give him a chance to answer the tax assessments. The court's First Division said the assessments issued to Joselito B. Yap, owner of...
The attempt of the Bureau of Internal Revenue (BIR) to register online sellers of goods and services that are based inside condominium buildings and exclusive subdivisions in Metro Manila hit a snag after its personnel were barred from entering the areas. "For security reason, guards do not allow...
The Fiscal Incentives Review Board (FIRB), chaired by the Department of Finance, has approved the tax incentive application of TDK Philippines Corp. (TPC). In a statement Tuesday, Dec. 6, Finance Assistant Secretary Juvy Danofrata said the FIRB approved the fiscal incentives for TPC’s P2.5...
The House tax panel approved on Monday, Dec. 5, the tax provisions of the proposed House Bill (HB) No. 6398, or the Maharlika Investment Fund Act, which will ensure that tax benefits go to the investment fund rather than line the pockets of executives and other officials. Albay 2nd district Rep....
Filipino freelance workers may soon enjoy tax relief and special assistance lanes at the Bureau of Internal Revenue (BIR) if a proposed bill recently passed by the House Committee on Ways and Means becomes law. (Photo from theremotehive.com) Albay 2nd District Rep. Joey Salceda, also the chair of...
The Court of Tax Appeals (CTA) said Friday, Dec. 2, that it has turned down the petition of the Bureau of Customs (BOC) to deny the multi-million peso duties and tax refund petition of Toyota Motor Philippines for the importation of selected vehicles from Japan. Court of Tax Appeals The court en...
The Bureau of Internal Revenue (BIR), the government’s main tax agency, announced that it exceeded its collection target in October this year, but still behind its 10-month goal. On Thursday, Dec. 1, the BIR reported that it generated P186.76 billion in October, higher by 1.5 percent or P2.23...
Albay 2nd district Rep. Joey Salceda has practically guaranteed the approval of the tax provisions of House Bill (HB) No.6398 or the proposed Maharlika Investment Fund (MIF), also known as the Maharlika Wealth Fund (MWF). Albay 2nd district Rep. Joey Salceda Salceda chairs the House Committee on...
