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...
The names of alleged big-time oil smugglers were revealed on Thursday, January 19 during a Senate consultation meeting called by Senator Raffy Tulfo with the Bureau of Internal Revenue (BIR) and Bureau of Customs (BOC) on the controversial fuel marking program. Tulfo, chairman of the Senate energy...
The Bureau of Internal Revenue (BIR) has simplified the filing of value-added tax (VAT) return to make it easier for the taxpayers. Instead of monthly submission of the return, VAT-registered taxpayers are now obliged to submit it on a quarterly basis. Previously, VAT taxpayers filed the income...
Distributors and sellers of vaporized nicotine and non-nicotine products must comply with the requirements of the Department of Trade and Industry (DTI) and the Bureau of Internal Revenue (BIR) following the seizure of tons of smuggled and untaxed vape products from five big time illicit vape...
The Bureau of Internal Revenue (BIR) has asked vape merchants to register their business to avoid serious consequences in the future. BIR Commissioner Romeo D. Lumagui, Jr. said criminal charges for tax evasion will be filed against those who will not comply with the revenue regulations on the...
Davao City 1st district Rep. Paolo Duterte is leading a push to grant tax incentives to doctors volunteering their services for free to indigent patients as a way of recognizing their “selfless and committed” efforts in helping provide quality healthcare to Filipinos. (Alexandr Podvalny/...
