Opposition Senator Leila de Lima has joined other lawmakers in calling for the suspension of the new tax scheme imposed on private schools. In filing Senate Resolution No. 766, De Lima urged the Duterte administration to cancel the 25 percent corporate income tax on private schools imposed by the...
Anti-tax fraud operatives of the Bureau of Internal Revenue (BIR) have confiscated thousands of untaxed heated tobacco and vapor ("vape") products during raids on several retail outlets located inside shopping malls in Manila. (Photo by Donn Gabriel Baleva/ Unsplash) Manila Revenue Regional...
The Bureau of Internal Revenue (BIR) has padlocked 207 businesses nationwide during the first five months of the year for various tax offenses under its "Oplan Kandado" program. This effort by the agency involves temporarily shutting down the businesses by virtue of their tax violations. BIR Deputy...
Should economic zone-based business process outsourcing (BPO) companies implementing a work-from-home (WFH) scheme get tax incentives? The Department of Labor and Employment (DOLE) thinks so. (Photo from DOLE Facebook page) According to DOLE Secretary Silvestre Bello III, Information Technology and...
The Court of Tax Appeals (CTA) has cancelled the P105-million deficiency tax assessment slapped by the Bureau of Internal Revenue (BIR) against an Angeles City-based petroleum company for the failure of the former to observe the mandatory procedure for issuing tax assessments. (Photo from BIR...
A measure extending the estate tax amnesty until June 2023 has been signed into law by President Duterte. President Rodrigo Duterte (file photo/Malacañang) The President inked Republic Act No. 11569 allowing a two-year extension of the estate tax amnesty, amending RA 11213 or the Tax Amnesty Act....
Senate Minority Leader Franklin Drilon on Wednesday proposed that another resolution be crafted to complement the approval of a Senate bill that seeks to amend tax regulations governing private schools and institutions. Drilon, during the Senate Ways and Means Committee hearing on Senate Bill No....
The finance and trade departments signed the implementing rules and regulations (IRR) of the corporate recovery and tax Incentives for enterprises (CREATE) law, the government’s largest fiscal stimulus package for businesses in the country’s history. Ahead of the July 10, 2021 deadline, Finance...
The Bureau of Internal Revenue (BIR) filed on Friday, June 25 separate tax evasion charges against 10 companies and their key officers and one single proprietor for alleged refusal to pay tax debts totalling over P330 million. (Photo from BIR Facebook page) The BIR submitted the criminal complaints...
The Court of Tax Appeals (CTA) en banc has cancelled the P53-million tax collection case imposed by the Bureau of Internal Revenue (BIR) against the president of one of the country's largest logistics and transport companies for violating his right to due process. (Photo from BIR Facebook page) The...
The Department of Finance (DOF) expects revenues from real property tax (RPT) would accelerate as local government units (LGUs) enhance their digital tools to strengthen local property valuation and tax collections. In a statement, Finance Secretary Carlos G. Dominguez III said on Tuesday, June 22,...
The Court of Tax Appeals (CTA) has ordered the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC) to refund to the Philippine Airlines (PAL) the more than P402 million in specific taxes that it paid in protest for importing aviation gas. (Photo from PAL Facebook page) The court en...
