The newly enacted Philippine Offshore Gaming Operations (POGO) taxation law has generated P1.22 billion in additional revenue during its initial months of implementation, the Bureau of Internal Revenue (BIR) reported. Signed by President Rodrigo Duterte in September 2021, Republic Act (RA) 11590 or...
The Bureau of Internal Revenue (BIR) has filed tax evasion cases against 14 corporate and individual business taxpayers for allegedly ignoring to settle tax debts totalling to more than P234 million. Bureau of Internal Revenue (BIR) In separate criminal complaints submitted to the Department of...
The Court of Tax Appeals (CTA) has cleared a businesswoman in Quezon City of P72-million tax evasion case filed by the Bureau of Internal Revenue (BIR) for insufficient evidence. Philippine big banks continue to have sufficient capital amid the pandemic. (File photo) The court's Third Division...
Finance Secretary Carlos G. Dominguez III has directed the government’s two main tax agencies to further fortify their respective systems against hacking and other cyber threats amid increasing number of scams perpetrated online against financial consumers. Dominguez said the Bureau of Internal...
A massive warehouse in Nueva Ecija with the size of five basketball courts was raided recently by the Bureau of Internal Revenue (BIR) for illegally operating as a printing facility for counterfeit cigarette labels and packaging materials. In a statement, the BIR Tobacco Strike Team said the...
The Bureau of Internal Revenue (BIR) ordered on Friday, Jan. 28, all its regional directors and other field officials to utilize video conferencing as an alternative mode to face-to-face investigation of administrative cases. (Photo from Pixabay) BIR Commissioner Caesar R. Dulay issued Revenue...
The Bureau of the Internal Revenue (BIR), the government’s main tax agency, has missed its collection target last year, the Department of Finance (DOF) reported on Friday, Jan. 28. Citing preliminary reports from the BIR, the DOF said the bureau collected P2.07 trillion from January to December...
The Bureau of Internal Revenue (BIR) on Tuesday, Jan. 25, reminded candidates and political parties in the 2022 national and local elections to register with the nearest revenue district office. Bureau of Internal Revenue (BIR) Otherwise, revenue officials said they will lose the income tax...
The Bureau of Internal Revenue (BIR) has partnered with the Development Bank of the Philippines (DBP) and MyEG for a payment service that allows taxpayers to pay their tax dues online. 58503 In a statement released by MyEG on Tuesday, Jan. 11, the electronic solutions firm announced that the BIR is...
Power Sector Assets and Liabilities Management Corporation (PSALM) paid P517.707 million tax obligations in a compromise deal with the Bureau of Internal Revenue (BIR) ,ending their decades-long tax disputes. The government-run power firm said the tax remittance covered the years from 2006 to 2016,...
The Bureau of Internal Revenue (BIR) said Friday, Dec. 24, that taxpayers affected by the killer typhoon "Odette" may file returns and pay the corresponding taxes at the nearest authorized agent banks (AABs), or to revenue collection officer (RCO), regardless of the revenue district office...
The Duterte administration’s budget deficit registered only a marginal increase last November owing to improved revenue collections, data from the Bureau of the Treasury showed. The national government incurred a P128.7 billion fiscal gap last month, up by only 0.33 percent compared with P128.3...
