Newly installed BIR Commissioner Romeo D. Lumagui, Jr. has finally lifted the ban on the issuance of Letters of Authority (LAs) to investigate individual and business taxpayers suspected of under declaring earnings to reduce tax payments. Lumagui decided to resume the audit apparently to reduce the...
The Bureau of Internal Revenue (BIR) said single parents can now claim 10 percent discount and value-added tax exemption for purchases of goods for their children aged six years old and below. This, after BIR Commissioner Romeo D. Lumagui, Jr. signed Revenue Regulations (RR) 1-2023 implementing the...
The hardline stand of the Bureau of Internal Revenue (BIR) against tax evasion racket has been boosted with the full support extended by the Department of Justice (DOJ) in the prosecution of negligent taxpayers. (L-R) BIR Commissioner Romeo D. Lumagui Jr. and DOJ Secretary Jesus Crispin...
Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui, Jr. vowed to conduct "no let up" tax enforcement operations to hit the P2.6 trillion collection target for the year. The BIR chief made the pledge during the launching of the agency's 2023 tax drive at the Philippine International...
President Ferdinand "Bongbong" Marcos Jr. has encouraged the public to pay the "correct amount" of taxes on time, saying it is crucial to the country's economic recovery. President Ferdinand 'Bongbong' Marcos Jr. (Ali Vicoy) "I encourage the public to pay the correct amount of taxes on time to...
The Bureau of Internal Revenue (BIR) has stepped up its tax campaign drive in a bid to raise P2.6 trillion this year. President Ferdinand R. Marcos, Jr. will lead top government officials, business leaders and officers of various professional groups in launching the collection drive at the...
The drive of the Bureau of Internal Revenue (BIR) against the transfer pricing policy of some multinational companies has gained support and assistance from the Japanese International Cooperation Agency (JICA). Revenue Commissioner Romeo D. Lumagui, Jr. said this was expressed during his recent...
The Bureau of Internal Revenue (BIR) said value-added taxpayers are no longer required to file the return on a monthly basis starting this month. Bureau of Internal Revenue The new schedule was contained in Revenue Memorandum Circular (RMC) No. 5-2023 which implemented Section 37 of Tax Reform for...
The Bureau of Internal Revenue (BIR) conducted on Tuesday, Jan. 24, simultaneous raids of businesses that are allegedly selling untaxed cigarettes. BIR Commissioner Romeo Lumagui, Jr. and Deputy for Operations Maridur Rosario spearheaded the operation in Metro Manila with surprise inspections of...
The Bureau of Internal Revenue (BIR) has raided perpetrators of illicit cigarette trade across the country, placing all regional enforcers on alert while their operations were ongoing on 378 stores in Luzon, Visayas, and Mindanao. BIR Commissioner Romeo Lumagui Jr. led a raid on Wednesday, Jan. 25,...
The Court of Tax Appeals (CTA) has cleared a Marikina-based businessman of tax evasion charges for the failure of the Bureau of Internal Revenue (BIR) to follow its audit guidelines. The court's First Division stated that Rodolfo Q. Reyes, sole proprietor of Celia' Handbag of Calumpang, Marikina...
The Court of Tax Appeals (CTA) has ordered the Bureau of Internal Revenue (BIR) to return more than P18 million it confiscated from the bank accounts of a subsidiary of a food conglomerate, Jollibee Foods Corporation. Court of Tax Appeals The Court en banc affirmed the decision of its Third...
