The Bureau of Internal Revenue (BIR) has advised delinquent taxpayers to amicably settle their tax liabilities in order to avoid costly and lengthy court battles. (Photo from CTA) Top revenue officials made this appeal after the first division of the Court of Tax Appeals (CTA) approved the judicial...
Albay 2nd District Representative Joey Salceda said on Tuesday, July 20, that Speaker Lord Allan Velasco is amenable to the House of Representatives adopting the Senate's version of the fiscal regime for Philippine offshore gaming operators (POGOs). The House Ways and Means Committee chairman said...
The government incurred hefty foregone revenues due to fiscal incentives enjoyed by favored enterprises one year before the landmark congressional approval of the corporate recovery and tax incentives for enterprises (CREATE) law. According to the report submitted by the Department of Finance -...
The Value Added Tax (VAT) refund system of the Bureau of Internal Review (BIR) is working efficiently with a success rate of 90 to 95 percent, according to tax experts. This was disclosed by tax experts at the virtual webinar “Tax Talks: BIR Revenue Regulation 09-2021 VAT on Purchases by...
Senator Imee Marcos has appealed for the suspension of the imposition of the 12-percent value-added tax (VAT) on oil products for a year while the country continues to grapple with the COVID-19 pandemic and its impacts to the economy. 18997 The chairperson of the Senate Committee on Economic...
Presidential Spokesman Harry Roque advised Senator Manny Pacquiao to look himself in the mirror as he reminded him that tax evasion was also a form of corruption. Senator Manny Pacquiao and Presidential spokesman Harry Roque (Manila Bulletin/File Photos) Roque made the statement days after...
The Court of Tax Appeals (CTA) has nullified the closure order issued by the Bureau of Internal Revenue (BIR) against a software company for its failure to apply the appropriate procedure in implementing its "Oplan Kandado" program. (Photo by John Salvino/ Unsplash) In a 28-page decision, the...
The Court of Tax Appeals (CTA) has scrapped the P78-million deficiency tax assessment slapped by the Bureau of Internal Revenue (BIR) against a major supplier of commercial kitchen equipment for failure of the former to indicate in the assessment notices when the liabilities should be paid. The...
Senator Manny Pacquiao could have easily avoided his P3-billion tax evasion case had he presented outright to the Bureau of Internal Revenue (BIR) his income tax payments from the United States' (US) Internal Revenue Service (IRS). (Photo from Manny Pacquiao's Instagram) Several former and present...
Malacañang is not seeking revenge against Senator Manny Pacquiao when President Duterte recently mentioned his P2.2-billion tax evasion case in their raging rift. President Rodrigo Duterte attends Senator Manny Pacquiao’s 38th birthday celebration at the KCC Mall Events & Convention Center...
The feud between President Duterte and Senator Manny Pacquiao is not yet over. The President has raised the tax evasion complaint hurled against Pacquiao, saying the boxing icon owed the government P2.2 billion in back taxes. Turning the tables on the senator, Duterte argued that if a person...
The Court of Tax Appeals (CTA) has turned down the petition of a foreign cigarette company to get back from the Bureau of Internal Revenue (BIR) more than P305 million in advance excise tax payments due to its failure to submit complete tax refund documents. (Photo by Pawel Czerwinski/ Unsplash)...
