The Bureau of Internal Revenue (BIR) has revealed that the use of fake invoices and receipts by certain business establishments has resulted in an annual loss of up to P546 billion in value-added tax (VAT) for the government. BIR Commissioner Romeo D. Lumagui Jr. made the disclosure during the 119th...
CAMP VICENTE LIM, Laguna – Police arrested four suspected carnappers who allegedly stole a government vehicle in a hot-pursuit operation in Biñan City, this province, on Friday, July 14. Police Regional Office 4-A director Police Brig. Gen. Carlito Gaces identified the suspects as Alex...
BACOLOD CITY – The Bureau of Internal Revenue seized 252 cases of smuggled cigarettes worth P4 million in Barangay 5, San Carlos City, Negros Occidental on Thursday, July 13....
Bureau of Internal Revenue Commissioner Romeo D. Lumagui Jr. has taken a significant step to simplify the process of filing and processing value added tax (VAT) refund claims. *Bureau of Internal Revenue Commissioner Romeo D. Lumagui Jr. (File photo) * Effective July 1, two new revenue issuances,...
The Bureau of Internal Revenue (BIR) has filed a tax evasion case against a buyer and seller of two parcels of land in Pampanga with a zonal value of P10 million for alleged failure to pay the required capital gains and documentary stamp taxes. In a criminal complaint submitted to the Angeles City...
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...
