In light of the country's expected slower growth this year, the economic managers have adjusted downward the projected tax collections for the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC). Budget Secretary Amenah F. Pangandaman confirmed to Manila Bulletin on Saturday, June 1,...
The Bureau of Internal Revenue (BIR) has reminded vape sellers that they have until Saturday, June 1, to affix tax stamps on their products before distributing them to buyers. BIR Commissioner Romeo D. Lumague, Jr. warned that any unstamped vape products will be seized, and owners will face...
Senator Sherwin Gatchalian on Wednesday, May 29 urged the Bureau of Internal Revenue (BIR) to enhance its information dissemination campaign on the changes brought about by the Ease of Paying Taxes Act, particularly on the issuance of invoices in place of official receipts to ensure that taxpayers...
BIR Chief Venus Gaticales during an interview with reporters in Makati City (Dexter Barro II/MANILA BULLETIN) A Bureau of Internal Revenue (BIR) official commended on Tuesday, May 28, Albay 2nd district Rep. Joey Salceda over his proposed legislation that...
Some P6 billion in excise taxes from the tobacco industry have been lost so far this year due to illicit trade and shift to electric cigarettes, an official from the Bureau of Internal Revenue (BIR) said. Venus Gaticales, BIR chief of excise large taxpayers field operations division, told reporters...
In response to the shifting consumer preferences towards e-commerce, the Department of Finance (DOF) wants to bring the country's tax collection system in line with the best practices of three leading Asian nations. Finance Secretary Ralph G. Recto said the Bureau of Internal Revenue (BIR) and the...
The Bureau of Internal Revenue (BIR) has acknowledged the Department of Finance's (DOF) role in achieving higher tax collections and executing successful enforcement operations. In a Facebook post, BIR Commissioner Romeo “Jun” Lumagui Jr. expressed his appreciation for the unwavering guidance...
The Bureau of Internal Revenue (BIR) announced that it will begin confiscating vape products lacking tax stamps starting in June and will enforce legal consequences on individuals caught with these items. In a statement, BIR Commissioner Romeo D. Lumagui Jr. said that vape manufacturers and...
The Bureau of Internal Revenue (BIR) has announced a new requirement for tax stamps to be affixed on all vape products sold in the country. Effective June 1, 2024, the BIR's Revenue Memorandum Circular 59-2024 mandated the use of 4th Generation Internal Revenue Stamps on vapor products. The...
Despite a recent downward revision in the economic growth outlook, the Department of Finance (DOF) said that the Marcos administration is standing by its tax collection target for the year. Finance Secretary Ralph G. Recto said that the Bureau of Internal Revenue (BIR) and the Bureau of Customs are...
The Bureau of Internal Revenue (BIR) is set to hold a roadshow to educate Filipino taxpayers about the benefits of the Ease of Paying Taxes (EOPT) law throughout the country. On the sidelines of the roadshow for the Metro Manila cluster at the PICC Reception Hall, BIR Commissioner Romeo D. Lumagui...
The Bureau of Internal Revenue is looking for a new look to its logo to celebrate its 120th anniversary this year through a competition with the best entry to be rewarded P100,000. One of the factors that led to the decision to have the logo changed for the first time since the bureau’s...
