In response to the shifting consumer preferences towards e-commerce, the Department of Finance (DOF) wants to bring the country's tax collection system in line with the best practices of three leading Asian nations. Finance Secretary Ralph G. Recto said the Bureau of Internal Revenue (BIR) and the...
The Bureau of Internal Revenue (BIR) has acknowledged the Department of Finance's (DOF) role in achieving higher tax collections and executing successful enforcement operations. In a Facebook post, BIR Commissioner Romeo “Jun” Lumagui Jr. expressed his appreciation for the unwavering guidance...
The Bureau of Internal Revenue (BIR) announced that it will begin confiscating vape products lacking tax stamps starting in June and will enforce legal consequences on individuals caught with these items. In a statement, BIR Commissioner Romeo D. Lumagui Jr. said that vape manufacturers and...
The Bureau of Internal Revenue (BIR) has announced a new requirement for tax stamps to be affixed on all vape products sold in the country. Effective June 1, 2024, the BIR's Revenue Memorandum Circular 59-2024 mandated the use of 4th Generation Internal Revenue Stamps on vapor products. The...
Despite a recent downward revision in the economic growth outlook, the Department of Finance (DOF) said that the Marcos administration is standing by its tax collection target for the year. Finance Secretary Ralph G. Recto said that the Bureau of Internal Revenue (BIR) and the Bureau of Customs are...
The Bureau of Internal Revenue (BIR) is set to hold a roadshow to educate Filipino taxpayers about the benefits of the Ease of Paying Taxes (EOPT) law throughout the country. On the sidelines of the roadshow for the Metro Manila cluster at the PICC Reception Hall, BIR Commissioner Romeo D. Lumagui...
The Bureau of Internal Revenue is looking for a new look to its logo to celebrate its 120th anniversary this year through a competition with the best entry to be rewarded P100,000. One of the factors that led to the decision to have the logo changed for the first time since the bureau’s...
The Bureau of Internal Revenue (BIR) has caught a syndicate that tricked taxpayers into paying them millions of pesos to help with their tax issues. BIR Commissioner Romeo D. Lumagui said this group of private citizens, who were not affiliated with the bureau, convinced the victim that they...
The Department of Finance (DOF) has warned that the government’s slow implementation of digitalization amid the rapid growth of e-commerce could result in significant revenue loss. In a statement, the DOF said that Finance Secretary Ralph G. Recto is now seeking additional funding from the...
The Bureau of Internal Revenue’s (BIR) said its digitalization initiative has reduced the corruption issues within the agency. BIR Commissioner Romeo D. Lumagui Jr. said that the lessening of physical interaction of clients with the agency’s employees due to new digital processes has also...
The Bureau of Internal Revenue (BIR) has cautioned that it will enforce closures on online sellers who persist in operating without registering their businesses with the tax agency. BIR Commissioner Romeo D. Lumagui Jr. said that they will continue their information campaign for online merchants on...
Most taxpayers have already fulfilled their annual tax filing obligations ahead of the deadline, the Bureau of Internal Revenue (BIR) reported. BIR Commissioner Romeo D. Lumagui Jr. said that 95 percent of registered taxpayers have filed and paid their 2023 income tax returns (ITR) prior to the...
