The Bureau of Internal Revenue (BIR) won an international award for its digital tax calendar, a milestone in the government’s push to modernize its revenue collection systems and improve taxpayer compliance. The country’s primary tax-collection agency received the Philippines Digital...
Cabinet-level interagency Development Budget Coordination Committee (DBCC) has lowered the revenue goal for the Bureau of Internal Revenue (BIR) for this year but raised the target for the Bureau of Customs (BOC), in tandem with the downgraded economic growth outlook. According to data disclosed by...
The government restored excise taxes on liquefied petroleum gas (LPG) and kerosene after global oil prices fell below the state-mandated threshold, ending the temporary tax holiday designed to shield consumers from high energy costs. The Bureau of Internal Revenue (BIR) announced on Wednesday, July...
Today’s piece is a reflection on the fuel marking program (FMP), a topic that is the current buzz in business circles and one close to my heart as a chemist by education and a nosy journalist by profession. That’s right, Virginia, I’m joining the fray. I will try to go deep into the...
The government has exempted all United States-funded (US) law enforcement and anti-narcotics initiatives from domestic taxes, currency controls, and banking fees to ensure that financial assistance from Washington is deployed entirely to local operational programs rather than contributing to...
Transfers of legal title between nominee-trustees are exempt from capital gains tax (CGT), documentary stamp tax (DST), and donor’s tax, provided the corporation retains beneficial ownership and the transaction involves only a change in legal title, the Bureau of Internal Revenue (BIR) said. This...
Apart from ongoing preparations for the possible implementation of the global top-up tax, the Bureau of Internal Revenue (BIR) continues to prepare for other emerging tax measures, including a new mining royalty regime, real property valuation reforms, and cross-border duties. These preparations...
The Bureau of Internal Revenue (BIR) secured clearance from the Department of Justice (DOJ) to file 44 criminal tax evasion cases against three former public works officials over an alleged ₱1.68 billion in unpaid liabilities. In a statement, the BIR reported that the DOJ found probable cause to...
The government expanded its primary tax advisory council to include major foreign business chambers, aiming to smooth friction between corporations and state auditors while accelerating digital compliance reforms. The Bureau of Internal Revenue (BIR) renewed its multi-sectoral consultative...
The Bureau of Internal Revenue (BIR) has dismantled its specialized value-added tax (VAT) audit units, executing a major structural overhaul designed to boost collections and eliminate overlapping enforcement that previously fueled allegations of corruption. BIR Commissioner Charlito Martin R....
The Philippines’ more-than-three-decade-old devolution program remains incomplete, with local government units (LGUs) and national agencies continuing to share responsibilities for many basic services despite the 1991 Local Government Code (LGC), according to state-run policy think tank...
Authorities intercepted 23 containers of smuggled cigarettes valued at ₱1.7 billion at a private wharf in Manila, marking one of the largest illicit tobacco seizures this year as the government intensifies its crackdown on tax evasion and border fraud. The joint enforcement operation, conducted...
