The Department of Finance (DOF) is optimistic that the government will be able to exceed its full-year revenue target by generating around P1 trillion in the final three months of the year. Finance Secretary Benjamin E. Diokno said he expects the national government's total revenue collection for...
The Bureau of Internal Revenue (BIR) announced that it surpassed its collection target last month, attributing the achievement to the strengthened enforcement efforts in tax compliance. In a statement, BIR Commissioner Romeo D. Lumagui, Jr. said the bureau collected P274.23 billion in October this...
Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui Jr. has been honored with the 2023 Man of the Year award by the Asia Leaders Awards (ALA) for his exceptional leadership and accomplishments in tax administration. The ALA recognizes outstanding leaders across the globe in both public...
The Court of Tax Appeals (CTA) has dismissed the petition filed by Arrow Freight Corporation (AFC) for a refund of P33.28 million in withholding taxes collected by the Bureau of Internal Revenue (BIR) for taxable year 2014. Instead, the CTA -- as a full court -- affirmed AFC's partial refund...
The Bureau of Internal Revenue (BIR) is set to undergo a significant modernization of its tax administration processes, courtesy of a $400 million loan from the Asian Development Bank (ADB). The digitalization program, a focal point of this initiative, received praise in a press statement...
The Court of Tax Appeals (CTA) has denied the petition of the National Development Company (NDC) which sought a P42.6 million refund from the Bureau of Internal Revenue (BIR) for alleged erroneously collected value added tax (VAT) from second quarter of 2015 to third quarter of 2016. NDC, a...
Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui Jr. expressed gratitude to the Department of Finance (DOF) for acknowledging the tireless efforts in raising government funds. In a press release last Nov. 15, the DOF praised the BIR for performing exceptionally well in revenue...
The Department of Finance (DOF) is confident that the Bureau of Internal Revenue (BIR), the government’s main tax agency, would hit its collection targets for the medium-term. In a statement, Finance Secretary Benjamin E. Diokno said the BIR was able to achieve a historic level of tax collection...
San Miguel Corp. (SMC) has lost a P30 million tax refund claim to the Bureau of Internal Revenue (BIR), Revenue Commissioner Romeo D. Lumagui announced. The BIR chief said the Supreme Court (SC) ruled that SMC was not eligible for a refund of its documentary stamp tax (DST) on inter-company...
The Bureau of Internal Revenue (BIR) has seized illicit cigarettes in Davao region as part of its intensified efforts to apprehend unscrupulous traders and smugglers. BIR Commissioner Romeo D. Lumagui Jr. said the bureau has successfully seized 717 master cases, equivalent to 358,500 packs, of...
The Bureau of Internal Revenue (BIR) expects a significant increase in income tax collection next year from online sellers, as the one-half of one percent creditable withholding tax will be enforced by platform service providers like Lazada, Shopee, Amazon, and TikTok. These providers will...
Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui, Jr. reported that the agency has consistently exceeded monthly collection targets, attributing the success mainly to heightened tax enforcement activities. During a media forum hosted by the Philippine Information Agency, Lumagui...
