Senator Risa Hontiveros said the Bureau of Internal Revenue (BIR) should revoke the order imposing a 25 percent tax increase on private schools as this may only displace more students should these institutions are forced to close due to increased economic pressure due to the coronavirus (COVID-19)...
The Court of Tax Appeals (CTA) has cancelled the Bureau of Internal Revenue's (BIR) P28-million tax collection case against a Bacolod City-based cargo firm for erroneous audit. (Photo from BIR Facebook page) The court's Second Division stated that the right to due process of Yan An Cargo...
The House Committee on Ways and Means has approved the measure that seeks to put a stop to a government policy imposing higher tax on private schools and hospitals. Committee chairman and Albay Representative Joel Salceda presided over the panel meeting that approved the consolidation of House...
The Court of Tax Appeals (CTA) has denied the belated petition filed by a Cagayan de Oro City resident to stop the Bureau of Internal Revenue (BIR) from auctioning the properties of his deceased uncle to settle estate tax debts of over P1 billion. (Photo from BIR Facebook page) The court's second...
BETTER DAYS Senator Sonny Angara Last March, President Duterte enacted into law Republic Act 11534, more widely known as the Corporate Recovery and Tax Incentives for Enterprises or CREATE Act. Certified at the time as urgent by Malacañang, the law was touted as one of the government’s critical...
It seems that Malacañang is unlikely to reverse a Bureau of Internal Revenue (BIR) rule imposing higher corporate income tax on private schools in the country for now. President Rodrigo Duterte (File photo/Malacañang) Presidential Spokesman Harry Roque declared Thursday that the Palace supports...
The Department of Finance (DOF) said the Bureau of Internal Revenue (BIR) is set to file charges against individuals behind the alleged counterfeit cigarette tax stamps seized recently in Bacolod City. In a statement released by the DOF on Wednesday, June 9, the department quoted BIR Deputy...
The Court of Tax Appeals (CTA) has stopped the Bureau of Internal Revenue (BIR) from collecting more than P512 million in deficiency taxes from a real estate company after it turned out that the investigation on the case was conducted by unauthorized revenue officers. (Photo from BIR Facebook page)...
Senate Majority Leader Juan Miguel Zubiri on Monday, June 7, expressed support for the passage of the bill seeks to correct the Bureau of Internal Revenue's (BIR) supposed misinterpretation of the law modifying taxes imposed on private educational institutions. Senate Majority Leader Juan Miguel...
The Fiscal Incentives Review Board (FIRB) has adopted the framework for the grant of incentives to qualified industries under the government’s Strategic Investment Priorities Plan (SIPP). As provided in the newly enacted Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law that...
Deputy House Speaker Representative Rufus Rodriguez is pushing for a bill that would clarify an existing provision on tax perks granted to educational institutions under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law which the Bureau of Internal Revenue (BIR) allegedly...
Senator Nancy Binay on Sunday urged the Bureau of Internal Revenue (BIR) to “have a heart” and spare private schools from a 150 percent increase in income tax. Binay said the BIR should withdraw its Revenue Regulation No. 5-2021 which seeks to impose higher income tax on so-called proprietary...
