Senator Sherwin Gatchalian has called on the Bureau of Internal Revenue (BIR) to step up its efforts against the proliferation of "ghost" and fake receipts. According to Gatchalian, such activities are denting government revenues and adversely affecting micro-enterprises. The senator...
The Court of Tax Appeals (CTA) has granted P3.1 million out of the P5.5 million refund sought by the Philippine Airlines, Inc. (PAL) for the excise taxes the firm paid for imported wines, liquors and cigarettes in 2009 for consumption in its international flights. In its Oct. 5, 2023 decision, the...
The Bureau of Internal Revenue (BIR) has introduced a new exemption for certain agricultural producers with annual gross sales of less than P1 million, aimed at streamlining government transactions. According to Revenue Regulations No.12-2023, signed by Finance Secretary Benjamin E. Diokno and...
Senator Sherwin Gatchalian has called on the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC) to fix its issues on unfilled positions and low salaries of personnel. Sen. Sherwin Gatchalian (Senate PRIB Photo) During the Senate hearing on the...
The Bureau of Internal Revenue (BIR) has embarked on a new approach to recover huge delinquent tax debts, using its electronic capabilities. BIR Commissioner Romeo D. Lumagui Jr. ordered regional directors and other collection officers to use e-mails in serving warrant of garnishments (WGs) to...
The Securities and Exchange Commission (SEC) has partnered with the United Nations Office on Drugs and Crime (UNODC) and Open Ownership (OO) in using its beneficial ownership data (BOD) to promote tax integrity. Last Sept. 22, the SEC conducted a focus group discussion (FGD) on Beneficial Ownership...
The Court of Tax Appeals (CTA) has ordered the Bureau of Internal Revenue (BIR) to refund or issue tax credits amounting to P43.9 million to Petron Corporation for the erroneously collected excise taxes on the firm’s importation of more than 9.7 million liters of alkylate in 2016 and 2017. Google...
The Bureau of Internal Revenue (BIR) seized thousands of cartons of untaxed perfumes, colognes, and toiletries during a nationwide inspection of malls and retail outlets. The majority of these confiscated items were found in Metro Manila, with the largest seizure occurring at the facilities of...
Candidates running for national and local elections, including barangay positions, no longer need to register with the Bureau of Internal Revenue (BIR). BIR Commissioner Romeo D. Lumagui, Jr. clarified in Revenue Memorandum Circular (RMC) No. 97-2023 that registration and registration fees are not...
The Bureau of Internal Revenue (BIR) has successfully addressed all complaints and inquiries forwarded by Malacañang during the initial seven months of this year. The 8888 Citizens' Complaint Center, affiliated with the Office of the President, conveyed a total of 842 concerns from January to...
The Bureau of Internal Revenue (BIR) said heirs of deceased individuals can benefit from the estate tax amnesty program without incurring fines or penalties. They will also be shielded from criminal, civil, and administrative legal actions for late estate tax filings and payments, as...
The Bureau of Internal Revenue (BIR) has issued updated regulations for the new estate tax amnesty program to benefit more than one million heirs of the deceased. Finance Secretary Benjamin E. Diokno issued Revenue Regulations No. 10-2023 to implement these changes prescribed by Republic Act (RA)...
