The camp of Ferdinand "Bongbong" Marcos Jr. on Wednesday, Dec. 22, insisted that the presidential aspirant, whose candidacy is being hounded by a tax-related case, indeed paid his tax deficiencies and fines. The Marcos campaign headquarters has presented in a press conference the certificate coming...
The Bureau of Internal Revenue (BIR) has come up with a list of 40 additional coronavirus (COVID-19) drugs and emergency vaccines that were exempted from the imposition of 12-percent value-added tax (VAT). Bureau of Internal Revenue BIR Commissioner Caesar R. Dulay issued Revenue Memorandum...
The Department of Finance (DOF) wants financial technology (Fintech) companies in the country to be properly regulated and taxed while encouraging the sector’s growth and continued innovation. In a statement, DOF Secretary Carlos G. Dominguez III said Tuesday, Nov. 16, that he has tasked the...
Read his lips. Officials of the beleaguered Pharmally Pharmaceutical Corporation should pay the proper taxes or else go to prison for tax evasion, President Duterte said on Tuesday, Nov. 9. President Rodrigo Duterte speaks during his “Talk to the People” public briefing on November 9, 2021....
The Duterte administration will go after Pharmally Pharmaceutical Corp. if it has indeed cheated the government of the taxes it should pay. President Rodrigo Duterte (Malacañang photo) Presidential Spokesperson Harry Roque gave this guarantee during a virtual press conference Friday, Oct. 29,...
The Court of Tax Appeals (CTA) has canceled the more than P26 million tax debts of a drug company for the apparent failure of the Bureau of Internal Revenue (BIR) to properly notify the taxpayer about the delinquency. Bureau of Internal Revenue The court's Second Division rejected the claim of the...
Finance Secretary Carlos G. Dominguez III has instructed the Bureau of Internal Revenue (BIR) to set up a unit dedicated to track sales of goods done online and to coordinate with their counterparts in other countries to determine how to properly tax these digital transactions. BIR Commissioner...
The national government’s budget deficit breached the P1 trillion mark in the first three quarters of the year, but cuts in expenditures allowed the Duterte administration to keep the funding gap below the ceiling. The Bureau of the Treasury reported Monday, Oct. 25, that the national...
The Bureau of Internal Revenue (BIR) said it has filed separate tax evasion charges against three corporate and two individual taxpayers for allegedly ignoring notices to settle back accounts totalling to more than P146 million. Bureau of Internal Revenue In formal complaints submitted to the...
The Bureau of Internal Revenue (BIR) said Friday, Oct. 22, that it has padlocked 322 businesses nationwide during the first nine months of the year mostly for non-registration and non-issuance of receipts or invoices to their customers. (File photo / MANILA BULLETIN) However, BIR Deputy...
Collections of the government’s two main tax agencies surpassed the P2-trillion mark in the first nine months of the year, nearing the pre-pandemic level, the Department of Finance (DOF) reported Friday, Oct. 22. Finance Secretary Carlos G. Dominguez III said tax haul of the Bureau of Internal...
The Bureau of Internal Revenue (BIR) said Friday, Oct. 15, that only medicines and medical devices directly used for the treatment of coronavirus disease (COVID-19) are exempted from the 12 percent value-added tax (VAT) implemented last June. Bureau of Internal Revenue The BIR issued the...
