The Department of Finance (DOF) is moving to overhaul the country’s real estate taxation, targeting 2028 for the full rollout of a market value-based property valuation system. In a statement, the DOF said the initiative aims to replace the long-standing and currently suspended zonal value...
The Bureau of Internal Revenue (BIR) seized 19 motor vehicles on Wednesday, April 29, stepping up its tax enforcement against a high-profile construction group and its owners. In a statement, BIR said the operation, conducted in coordination with the Bureau of Customs (BOC), targeted assets linked...
In one of the more contentious side topics of Vice President Sara Duterte’s impeachment hearings, the House Committee on Justice voted on Wednesday, April 29 not to open the sealed box of tax records submitted by the Bureau of Internal Revenue (BIR) containing the income tax returns of Vice...
A digital version of your TIN ID can now be accessed in your eGov app. This is part of the Bureau of Internal Revenue’s (BIR) push for streamlining government transactions and to help reduce fixers, and other illegal activities such as selling TIN IDs. To access the digital TIN ID in the eGov...
ZAMBOANGA CITY – An employee of the Bureau of Internal Revenue here who was arrested during an entrapment operation in 2022 was convicted by the Regional Trial Court of money laundering. The Regional Trial Court Branch 12 sentenced Flora Sarau Albao, Revenue Officer IV of Revenue District 93 A of...
The Bureau of Internal Revenue (BIR) has ordered a formal tax audit of Vice President Sara Z. Duterte, her husband Manases R. Carpio, and nine affiliated business enterprises. In a statement on Tuesday, April 28, BIR Commissioner Charlito Martin R. Mendoza confirmed the issuance of Letters of...
While delinquent estate taxpayers may avail themselves of installment payments under the amnesty program, the taxman warned that missing due dates will result in the forfeiture of amnesty benefits. “Installment payment may be allowed within two years from the statutory date of its payment without...
Tax authorities filed a criminal complaint against former presidential spokesperson Herminio “Harry” Roque Jr., his wife, and a business associate for alleged tax evasion involving their holding company. In a statement, the Bureau of Internal Revenue (BIR) said the agency submitted the...
The Securities and Exchange Commission (SEC) has extended by 15 days to one month the deadlines for filing 2025 annual financial statements (AFS) and related reportorial requirements of corporations with a fiscal year (FY) ending Dec. 31, 2025. In a notice, the SEC said the extension was approved...
The Bureau of Internal Revenue’s (BIR) tax collections rose by double digits in March, providing a critical fiscal buffer for the Marcos administration as it grapples with persistent energy crisis that threatens to dampen domestic demand. Preliminary data released by the agency on Wednesday,...
The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 27-2026, publishing the updated list of medicines exempt from 12-percent value-added tax (VAT), as endorsed by the Food and Drug Administration (FDA). Released on April 8, 2026, the circular covers 2,263...
For failure to file a timely protest on the Bureau of Internal Revenue’s (BIR) tax assessment, the Court of Tax Appeals (CTA) affirmed the P65.8 million in internal revenue taxes for 2017 levied against Sirawai Plywood and Lumber Corporation based in Zamboanga del Norte. In its March 31, 2026...
