The Value Added Tax (VAT) refund system of the Bureau of Internal Review (BIR) is working efficiently with a success rate of 90 to 95 percent, according to tax experts. This was disclosed by tax experts at the virtual webinar “Tax Talks: BIR Revenue Regulation 09-2021 VAT on Purchases by...
The electronics and semiconductor industry, the country’s single largest dollar earner accounting for 60 percent of the country’s total exports, said some companies are transferring their domestic purchases and indirect exports to foreign suppliers because the imposition of value added tax...
President Duterte's crusade against corruption in government continued as he revealed firing more employees from the Bureau of Internal Revenue (BIR) and the Department of Public Works and Highways (DPWH) for being involved in corruption activities. President Rodrigo Duterte (File photo/...
The Court of Tax Appeals (CTA) has nullified the closure order issued by the Bureau of Internal Revenue (BIR) against a software company for its failure to apply the appropriate procedure in implementing its "Oplan Kandado" program. (Photo by John Salvino/ Unsplash) In a 28-page decision, the...
The Court of Tax Appeals (CTA) has scrapped the P78-million deficiency tax assessment slapped by the Bureau of Internal Revenue (BIR) against a major supplier of commercial kitchen equipment for failure of the former to indicate in the assessment notices when the liabilities should be paid. The...
Senator Manny Pacquiao could have easily avoided his P3-billion tax evasion case had he presented outright to the Bureau of Internal Revenue (BIR) his income tax payments from the United States' (US) Internal Revenue Service (IRS). (Photo from Manny Pacquiao's Instagram) Several former and present...
The Manila region of the Bureau of Internal Revenue (BIR) has vowed to continue its campaign against the sale of untaxed heated tobacco and vapor products or "vape", which have been proliferating in Metro Manila and elsewhere. (Photo by Luther Bottrill/ Unsplash) Manila Revenue Regional Director...
The Court of Tax Appeals (CTA) has turned down the petition of a foreign cigarette company to get back from the Bureau of Internal Revenue (BIR) more than P305 million in advance excise tax payments due to its failure to submit complete tax refund documents. (Photo by Pawel Czerwinski/ Unsplash)...
Opposition Senator Leila de Lima has joined other lawmakers in calling for the suspension of the new tax scheme imposed on private schools. In filing Senate Resolution No. 766, De Lima urged the Duterte administration to cancel the 25 percent corporate income tax on private schools imposed by the...
Anti-tax fraud operatives of the Bureau of Internal Revenue (BIR) have confiscated thousands of untaxed heated tobacco and vapor ("vape") products during raids on several retail outlets located inside shopping malls in Manila. (Photo by Donn Gabriel Baleva/ Unsplash) Manila Revenue Regional...
The Bureau of Internal Revenue (BIR) has padlocked 207 businesses nationwide during the first five months of the year for various tax offenses under its "Oplan Kandado" program. This effort by the agency involves temporarily shutting down the businesses by virtue of their tax violations. BIR Deputy...
On local purchases and indirect exports The government is bent on imposing a 12 percent VAT on local purchases of economic zone locators and their indirect constructive exports, and implement a refund system, emboldening locators’ objection and plans to seek court redress stating this additional...
