In a two-day crackdown operation, the Bureau of Internal Revenue (BIR) has confiscated a large amount of untaxed juice and powdered tea drinks from three major grocery stores and their manufacturer in Metro Manila and Cavite. The BIR's large taxpayers service (LTS), under Assistant Commissioner...
The Bureau of Internal Revenue (BIR) is exploring the option of implementing tax withholding measures on major online platform providers such as Lazada and Shopee. The BIR said that it aims to ensure that taxes owed by online sellers of goods and services are collected more effectively. A senior...
The Bureau of Internal Revenue (BIR) is hitting the ground running. In the first four months of 2023, it surpassed its collection target by ₱14.319 billion. In particular, BIR Commissioner Romeo D. Lumagui Jr. cited the agency’s ₱336.02-billion collection in April, surpassing its goal for the...
Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui Jr. has issued a warning to the successful candidates of the May 2023 Licensure for Certified Public Accountants regarding the risks associated with the use of fake or ghost receipts and invoices in their professional activities. *BIR...
State-run National Power Corporation (NPC) had the "highest cost savings" so far when it comes to electricity bill among government agencies in a particular year and matched with corresponding decline in kilowatt-hour usage. The efficiency rating was gauged via the enforcement of the Government...
Taxpayers were reminded by the Bureau of Internal Revenue (BIR) that they have until Monday, May 15, to submit their quarterly income tax return for individuals, estates, and trusts. (File photo) This deadline also applies to eligible self-employed individuals and professionals who wish to avail of...
Exporters and the Philippine Economic Zone Authority (PEZA) said the revised rules on value added tax (VAT) zero rating on the local purchases of goods and services of exporters are expected to boost investor confidence in the country. PEZA Director General Tereso O. Panga said following the release...
The Department of Finance-Technical Working Group (DOF-TWG) has recommended to exempt from VAT payments local purchases of goods and services by registered business enterprises (RBEs) for their direct and exclusive use, except for six services identified under a planned negative list. In a draft...
The government's sin tax revenues deteriorated last year after levies collected from alcohol and tobacco products fell short of target, data from the Bureau of Internal Revenue (BIR). Based on the BIR document submitted to the Department of Finance, the government’s main tax agency collected...
Three government agencies – National Bureau of Investigation (nbi), Civil Service Commission (CSC) and the Bureau of Internal Revenue (BIR) – said there were no data breaches on their part, but the Philippine National Police (PNP) requested for time to review its systems for possible security...
The Bureau of Internal Revenue (BIR) has no plan to extend the deadline for the filing of annual income tax return (AITR) due to its possible impact on funding programs of the government. In a statement, BIR Commissioner Romeo D. Lumagui, Jr. said deadline for the payment and filing of 2022 AITR...
As the deadline for the filing and payment of the 2022 Annual Income Tax Return (AITR) approaches, the Presidential Communications Office (PCO) has reminded the public to maximize the Bureau of Internal Revenue (BIR)'s "File and Pay Anywhere" setup. *Presidential Communications Office / Facebook* In...
