Senators on Monday, January 8, welcomed the signing of the Ease of Payment Taxes Act saying the new law would help foster transparency in the business processes and further boost the country’s economic development. “The signing of the Ease of Paying Taxes Act stands as a resounding...
The Bureau of Internal Revenue (BIR) has announced that online sellers earning over half a million pesos annually will now be subject to a withholding tax. This is after the BIR has released a new tax rule that imposes a one percent withholding tax on electronic marketplace operators and digital...
The chain store with 103 branches nationwide has agreed to settle its multi-million peso tax debts, paving the way for the resumption of operations during the holiday shopping rush, according to Bureau of Internal Revenue (BIR) insiders. The same sources revealed that the store initiated payments...
The Bureau of Internal Revenue (BIR) has temporarily suspended its investigations and field operations over the Christmas holiday, allowing taxpayers to enjoy a more meaningful celebration. BIR Commissioner Romeo D. Lumagui, Jr. issued an unnumbered revenue memorandum order, putting a hold on...
The Bureau of Internal Revenue (BIR) has introduced the Digital Taxpayer Identification Number (DTIN) for a more streamlined and convenient process in obtaining the document. According to BIR Commissioner Romeo D. Lumagui Jr., the new system is designed to eliminate online TIN scams and fixers, as...
The Department of Finance (DOF) is optimistic that the government will be able to exceed its full-year revenue target by generating around P1 trillion in the final three months of the year. Finance Secretary Benjamin E. Diokno said he expects the national government's total revenue collection for...
The Bureau of Internal Revenue (BIR) announced that it surpassed its collection target last month, attributing the achievement to the strengthened enforcement efforts in tax compliance. In a statement, BIR Commissioner Romeo D. Lumagui, Jr. said the bureau collected P274.23 billion in October this...
Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui Jr. has been honored with the 2023 Man of the Year award by the Asia Leaders Awards (ALA) for his exceptional leadership and accomplishments in tax administration. The ALA recognizes outstanding leaders across the globe in both public...
The Court of Tax Appeals (CTA) has dismissed the petition filed by Arrow Freight Corporation (AFC) for a refund of P33.28 million in withholding taxes collected by the Bureau of Internal Revenue (BIR) for taxable year 2014. Instead, the CTA -- as a full court -- affirmed AFC's partial refund...
The Bureau of Internal Revenue (BIR) is set to undergo a significant modernization of its tax administration processes, courtesy of a $400 million loan from the Asian Development Bank (ADB). The digitalization program, a focal point of this initiative, received praise in a press statement...
The Court of Tax Appeals (CTA) has denied the petition of the National Development Company (NDC) which sought a P42.6 million refund from the Bureau of Internal Revenue (BIR) for alleged erroneously collected value added tax (VAT) from second quarter of 2015 to third quarter of 2016. NDC, a...
Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui Jr. expressed gratitude to the Department of Finance (DOF) for acknowledging the tireless efforts in raising government funds. In a press release last Nov. 15, the DOF praised the BIR for performing exceptionally well in revenue...
