The government is moving to curtail the power of tax investigators to conduct audits, part of an aggressive push to curb bureaucratic overreach and improve the business climate for the private sector. Finance Secretary Frederick Go told reporters the Department of Finance (DOF) is “seriously”...
The Bureau of Internal Revenue (BIR) ordered an inventory of all pending Letters of Authority (LOAs) and Mission Orders (MOs) from regional directors, revenue district officers, and heads of audit units for immediate review. BIR Commissioner Charlito Martin R. Mendoza’s latest order comes after...
Senate Deputy Majority Leader Joseph Victor “JV” Ejercito on Tuesday, Nov. 25, expressed alarm over alleged corruption involving the Bureau of Internal Revenue’s (BIR) use of Letters of Authority (LOAs), claiming that a significant portion of collections from these audits do not reach the...