The Washington-based multilateral lender International Monetary Fund (IMF) sees the narrowing of Philippine debt relative to the size of the economy being delayed until it reaches 60 percent, with the proposed revenue-generating general tax amnesty (GTA) among the measures seen as offering limited...
The government is moving to curtail the power of tax investigators to conduct audits, part of an aggressive push to curb bureaucratic overreach and improve the business climate for the private sector. Finance Secretary Frederick Go told reporters the Department of Finance (DOF) is “seriously”...
CEBU CITY – A Special Investigation Task Group (SITG) has been formed to speed up the investigation on the killing of a Bureau of Internal Revenue lawyer in Mandaue City on Thursday morning, Dec. 11. The SITG is still establishing possible motives in the killing of Duke Ramil Perral Lincuna, said...
LUCENA CITY, Quezon – The Bureau of Internal Revenue (BIR) district office in Barangay Ilayang Dupay, this city, received a bomb threat on Thursday morning, Dec. 11. Emily Singson, revenue district officer, sought assistance from the Lucena police after receiving the bomb threat from an unknown...
CEBU CITY – Motorcycle-riding assailants gunned down a Bureau of Internal Revenue lawyer early Thursday morning, Dec. 11, in Mandaue City, Cebu province. Duke Ramil Perral Lincuna was driving an Isuzu Crosswind when he was attacked around 6 a.m. on a busy road in Barangay Bakilid. A motorist was...
Bureau of Internal Revenue (BIR) Commissioner Charlie Mendoza outlined the agency 's planned reforms to tighten oversight on audit issuances amid the alleged misuse and weaponization of letters of authority (LOA) by its personnel. Mendoza made the remark during the Senate Blue Ribbon...
The Philippine Stock Exchange (PSE) is disputing a ₱195.24-million tax assessment by the Bureau of Internal Revenue (BIR) and vows to “take appropriate legal action for the cancellation of the assessment.” The bourse said it received a final assessment notice (FAN) from the BIR assessing its...
The Bureau of Internal Revenue (BIR) ordered an inventory of all pending Letters of Authority (LOAs) and Mission Orders (MOs) from regional directors, revenue district officers, and heads of audit units for immediate review. BIR Commissioner Charlito Martin R. Mendoza’s latest order comes after...
Senate Deputy Majority Leader Joseph Victor “JV” Ejercito on Tuesday, Nov. 25, expressed alarm over alleged corruption involving the Bureau of Internal Revenue’s (BIR) use of Letters of Authority (LOAs), claiming that a significant portion of collections from these audits do not reach the...
The Department of Finance (DOF) announced the immediate and temporary suspension of all field tax audits and related operations, citing widespread taxpayer concerns over “potential abuse” and irregularities in the issuance of audit documents. In a statement on Monday, Nov. 24, Finance Secretary...
The Senate is set to look into the alleged money-making scheme involving Letters of Authority (LOAs) issued by the Bureau of Internal Revenue (BIR), following a series of complaints from small to big businesses afflicted by such activity. Sen. Erwin Tulfo, in filing Senate Resolution No. 180 said...
Senate Deputy Majority Leader Joseph Victor “JV” Ejercito on Wednesday, November 19 warned about the Bureau of Internal Revenue’s (BIR) alleged “weaponization” of Letters of Authority (LOA), saying the abusive issuance of LOAs is now being used as a tool for corruption, scaring off...
