The Bureau of Internal Revenue (BIR) has launched an all-out investigation against monetized social media influencers (SMIs) or vloggers who do not pay taxes from their huge income. (Photo by Dewang Gupta/ Unsplash) BIR Commissioner Caesar R. Dulay ordered regional directors and district officers...
The House Committee on Ways and Means has approved the draft substitute bill seeking to establish the National Center for Geriatric Health and Research Institution (NCGHRI). During a virtual hearing on Monday, August 16, House ways and means committee chair, Albay Representative Joey Salceda...
The Bureau of Internal Revenue (BIR) filed a total of 84 criminal charges against suspected tax cheats before the Department of Justice (DOJ) during the first half of 2021 for refusal to settle tax debts amounting to P3.1 billion. (Photo by Roth Melinda/ Unsplash) The BIR also padlocked 274 firms...
The Bureau of Internal Revenue (BIR) has filed several complaints against suspected tax evaders before the Department of Justice (DOJ) involving billions of pesos in estimated tax liabilities in the first half of the year. BIR In a report submitted to the Department of Finance (DOF), BIR Deputy...
The House of Representatives has responded positively to President Rodrigo Duterte’s appeal for the passage of a bill that would help ensure sufficient medical oxygen supply by exempting its importation from taxes. Oxygen tanks Albay Rep. Joey Sarte Salceda (2nd district, Albay) filed on...
The country’s economic managers would still set the percentage rate of the tax relief that will be given to the manufacturers of medical-grade oxygen, Presidential spokesperson Harry Roque said on Tuesday, August 10. RELATIVES of COVID-19 patients purchase medical grade oxygen in a pharmacy in...
Acknowledging the need to stock up more medical oxygen supplies in hospitals, President Duterte said he will talk to Congress about giving tax relief to manufacturers. President Rodrigo Duterte delivers his regular address to the nation on August 9, 2021. (Malacañang) During his prerecorded public...
The Court of Tax Appeals (CTA) has cancelled the P3-million belated deficiency tax assessment slapped by the Bureau of Internal Revenue (BIR) againts a car parking company. (Photo from PNA) In an 18-page resolution, the court's third division stated that the BIR's final assessment notice (FAN) and...
To avert the collapse of many learning institutions in the face of a looming substantial increase in taxes, the country’s largest associations of private schools on Monday, Aug. 9, called for a “timely” intervention coming from the Senate. (Photo from Unsplash) Private school groups, led by...
The House Committee on Ways and Means has approved the substitute measure seeking to exempt from all taxes the rewards and donations given to Olympic gold medalists Hidilyn Diaz and other national athletes and their coaches which they obtained during international sports competitions. House Bill...
Senator Pia Cayetano is seeking the grant of tax exemptions on the rewards and donations to be given to Olympic medalists and their coaches. Senator Pia Cayetano sponsors on July 27, 2021 a resolution commending weightlifter Hidilyn Diaz, Philippines' first Olympic gold medalist. (Office of Senator...
The Fiscal Incentives Review Board (FIRB) has approved the grant of tax incentives for a mass housing project and two cement manufacturing plants all located outside Metro Manila. Chaired by Finance Secretary Carlos G. Dominguez III, the FIRB during its third meeting last August 2 approved the tax...
