Tax revenue collection benefited from the extended filing season, driving the Bureau of Internal Revenue’s (BIR) year-to-date collections to ₱1.43 trillion as of end-May—up from the ₱1.35 trillion recorded in the same period in 2025. This 5.5-percent increase in cumulative revenues for the...
Government preparations for the possible implementation of the proposed global top-up tax are ongoing, as large multinational enterprises (MNEs) have expressed a preference to settle the 15 percent global minimum tax in the Philippines rather than comply with “unfamiliar rules” abroad. Bureau...
Starting in 2028, the Philippines will automatically exchange information on crypto-asset transactions annually with foreign tax authorities, according to the Paris-based Organization for Economic Cooperation and Development (OECD). According to OECD’s “Tax Transparency in Asia 2026: Asia...
The Bureau of Internal Revenue (BIR) extended tax filing and payment deadlines for individuals and businesses in Mindanao hit by the recent earthquake, moving key dates to the end of the month to provide financial relief to the affected region. Taxpayers registered under Revenue District Office No....
The Department of Finance (DOF) has begun negotiations with Switzerland-based SICPA SA for a proposed ₱13.44-billion fuel marking program extension beyond the expiration of the current contract in mid-2026, ensuring the continuation of a key anti-smuggling initiative that has been in place since...
The Bureau of Internal Revenue (BIR) expanded its list of tax-exempt power sector fees, a move aimed at preventing double taxation and lowering electricity bills for consumers amid volatile global energy markets. Under Revenue Memorandum Circular 60-2026 issued on June 4, the government’s main...
Foreign digital service providers operating in the country cannot leverage international double tax agreements to avoid the nation’s 12 percent value-added tax (VAT), according to the Bureau of Internal Revenue (BIR). The tax authority clarified that bilateral tax treaties strictly apply to...
A congressman from up north is calling for an intensified campaign against the illicit tobacco trade, which he says continues to cost the government billions in foregone revenue. According to Abra lone district Rep. JB Bernos, such continued leakage of revenue hampers the delivery of much-needed...
Large-scale metallic mining companies in the country have been granted up to two months after the close of each quarter to settle their royalty payments under the new fiscal framework, according to the Bureau of Internal Revenue (BIR). The Marcos administration is implementing the extension to...
The Bureau of Internal Revenue (BIR) has filed separate criminal complaints before the Department of Justice (DOJ) against three companies and an individual for allegedly failing to pay a total of ₱58.5 million in taxes, penalties, and surcharges. Charged with willful failure to pay internal...
The Bureau of Internal Revenue (BIR) has identified electronic marketplace (e-marketplace) operators and digital financial services providers (DFSPs) as withholding agents required to remit a portion of gross payments sent to sellers. Under BIR Revenue Memorandum Circular (RMC) No. 55-2026,...
Jackpot prizes from casinos and other gambling activities are subject to at least a 20-percent tax, the Bureau of Internal Revenue (BIR) said, clarifying the tax treatment of winnings amid the continued expansion of the Philippine gaming industry. Internal Revenue Commissioner Charlito Martin R....
