The Bureau of Internal Revenue (BIR) posted a record-breaking collection of 2.5 trillion last year, but fell short of the target due to adjustments in value-added tax (VAT) filings and deadlines. On the sidelines of the national tax campaign kickoff on Thursday, Feb. 8, BIR Commissioner Romeo...
The Bureau of Internal Revenue (BIR) has announced that the agency has 1,518 job vacancies that urgently require staffing. According to BIR Commissioner Romeo Lumagui Jr., these positions span across various roles including administrative aides, statisticians, revenue and intelligence...
The Bureau of Internal Revenue (BIR) has added 21 medicines for conditions like diabetes and hypertension to the list of those exempt from value-added tax (VAT). BIR Commissioner Romeo Lumagui Jr. said that two cancer drugs, five for diabetes, two for high cholesterol, five for hypertension, four...
The Bureau of Internal Revenue (BIR) has clarified that not all online sellers are obligated to follow the government’s withholding tax regulations. In a statement, the BIR said that electronic marketplace operators and digital financial service providers, such as Lazada and Shopee, are required...
BIR Commissioner Romeo D. Lumagui Jr. received the prestigious "Business Enabler Award" from the Philippine Chamber of Commerce and Industry - Quezon City (PCCI-QC) last Jan. 25 during the latter's induction and turnover ceremovies. The award is given to Commissioner Lumagui for his significant...
The Bureau of Internal Revenue (BIR) has cautioned social media influencers considering tax evasion, emphasizing that the agency has mechanisms to accurately ascertain the earnings of all individuals involved. BIR Commissioner Romeo D. Lumagui Jr. said the bureau has various methods to effectively...
Finance Secretary Ralph G. Recto met with the government’s tax collectors to discuss strategic plans to achieve the Marcos administration's target of generating P4.3 trillion in revenues this year. On Tuesday, Jan. 23, Recto held a meeting with the Bureau of Internal Revenue's (BIR) management...
The Bureau of Internal Revenue (BIR) vowed to focus on addressing the common tax violations frequently encountered by business establishments. After conducting a two-day tax compliance verification drive (TCVD), the BIR compiled a list of prevalent tax compliance issues observed during visits to...
The Bureau of Internal Revenue (BIR) is intensifying its tax efficiency by actively reaching out to business owners to discuss their tax responsibilities, with the goal of enhancing its collection performance for the year. The Nationwide Tax Compliance Verification Drive (TCVD), which runs from...
Bureau of Internal Revenue (BIR) Commissioner Romeo Lumagui Jr. said that imposing withholding tax on online transactions will not increase the price of goods in online marketplaces. As per the BIR Revenue Regulations No. 16-2023, withholding tax will be imposed on one percent of the gross...
The Bureau of Internal Revenue (BIR) has increased the threshold for value-added tax (VAT) exemption on the sale of residential properties. In a statement, BIR Commissioner Romeo Lumagui Jr. said on Wednesday, Jan. 17, that house and lots, as well as other residential properties priced at P3.6...
Following his official assumption of office, Finance Secretary Ralph G. Recto wants to hold a series of meetings with the officials of all attached agencies and bureaus of the Department of Finance (DOF) this week. On Monday, Jan. 15, Recto immediately led briefings with key DOF offices following...
