Starting in 2028, the Philippines will automatically exchange information on crypto-asset transactions annually with foreign tax authorities, according to the Paris-based Organization for Economic Cooperation and Development (OECD). According to OECD’s “Tax Transparency in Asia 2026: Asia...
Jackpot prizes from casinos and other gambling activities are subject to at least a 20-percent tax, the Bureau of Internal Revenue (BIR) said, clarifying the tax treatment of winnings amid the continued expansion of the Philippine gaming industry. Internal Revenue Commissioner Charlito Martin R....
President Marcos has appointed Department of Finance (DOF) Undersecretary Charlito Mendoza as the new Commissioner of the Bureau of Internal Revenue (BIR), replacing lawyer Romeo “Jun” Lumagui Jr. Mendoza’s appointment paper was signed on Tuesday, Nov. 12. He currently heads the DOF’s...