Bureau of Internal Revenue (BIR) Commissioner Romeo Lumagui Jr. expressed optimism that the agency can achieve its ₱3.2 trillion revenue target for this year, provided major tax measures are passed. If achieved, this would mark a second consecutive year of the BIR, the government’s main tax...
Bureau of Internal Revenue (BIR) Commissioner Romeo Lumagui Jr. expressed openness to a proposed moratorium on the annual increase in excise taxes on tobacco products, provided that the agency's tax collection targets are revised accordingly. "One issue that we will be [facing] moving forward if...
While the Bureau of Internal Revenue (BIR) expressed optimism about repeating its historic beyond-target collection in 2025, achieving the double-digit growth target this year will be challenging for the Bureau of Customs (BOC), President Marcos’ chief economic manager said. Department of Finance...
Sultan Kudarat 2nd district Rep. Horacio Suansing Jr. stands at the podium on the plenary floor. (Facebook) Sultan Kudarat 2nd district Rep. Horacio Suansing Jr. is prodding the Bureau of Internal Revenue (BIR) and the Philippine Competition...
The Bureau of Internal Revenue (BIR) is optimistic it will hit its record P3-trillion collection target this year after a historic performance last year. BIR Commissioner Romeo D. Lumagui Jr. told the Manila Bulletin on Wednesday, Jan. 15, that the bureau, the government’s main tax agency, will...
BIR Commissioner Romeo D. Lumagui, Jr. (left) The Bureau of Internal Revenue (BIR) has achieved a milestone in its revenue collection target by reaching the P2.848 trillion mark for the first time in 20 years. BIR Commissioner Romeo D. Lumagui, Jr. said credit goes to the hardworking...
The Bureau of Internal Revenue (BIR) will now require government contractors to secure an updated tax clearance before the final settlement of a government contract to ensure they have no outstanding tax liabilities. In a statement, BIR Commissioner Romeo D. Lumagui Jr. said this new policy,...
House of Representatives (Ellson Quismorio/ MANILA BULLETIN) Power grid operator National Grid Corporation of the Philippines (NGCP) has been religiously paying its three percent franchise tax as mandated by law. This was...
Total tax collections for 2024 reached P3.55 trillion as of end-November, according to the Department of Finance (DOF). This record marks an 11.5-percent increase from the previous year, which was driven by a 13.9-percent rise in Bureau of Internal Revenue (BIR) collections to P2.67 trillion...
The Bureau of Internal Revenue (BIR) has expanded its support for affordable health care by exempting 16 additional medicines for cancer, diabetes, and mental illness from Value Added Tax (VAT). In a statement, the BIR said this move aligns with the latest list of VAT-exempt products approved by...
Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui Jr. has reassigned 30 Revenue District Officers (RDOs) across the country as part of preparations for next year’s tax collection campaign, which aims to raise at least P3.2 trillion. Sources revealed that additional reassignments are...
The Bureau of Internal Revenue (BIR) is stepping up its efforts to combat the fraudulent use of fake Person with Disability (PWD) identification cards (IDs), which resulted in an estimated P88.2 billion in lost tax revenue last year. In a statement, BIR Commissioner Romeo D. Lumagui Jr., said on...
