The Bureau of Customs collected over P75.4 billion in March, surpassing its target anew on the back improvements in import valuations. In a statement, Customs Commissioner Bienvenido Y. Rubio said that last month’s collection exceeded the P72 billion target by 3.45 percent. The robust performance...
Electronic cigarettes or vape worth P151.1 million in taxes were seized by the Bureau of Internal Revenue (BIR) in three warehouses in Manila City and Rizal province. In a statement, BIR Commissioner Romeo D. Lumagui Jr. reported that a total of 63,139 units of illegal vape products that have...
Senator Sherwin Gatchalian has called on the Senate to look into the Bureau of Internal Revenue’s imposition of a 25 percent withholding tax and 12 percent value added tax (VAT) on all cross-border services rendered by non-resident foreign corporations (NRFC). Gatchalian, chairman of...
The Bureau of Internal Revenue (BIR) is set to make tax history this April with its ambitious goal of achieving a record collection, representing a double-digit increase from the previous year. As Filipino taxpayers prepare to file their income tax returns (ITRs) for 2023, the government's main tax...
The Bureau of Internal Revenue (BIR) said that individuals can obtain their digital taxpayer identification number (TIN) IDs online at no charge, any day of the week. In a statement, BIR Commissioner Romeo D. Lumagui, Jr. said that taxpayers no longer need to physically visit the Revenue District...
(MANILA BULLETIN) The Bureau of Internal Revenue (BIR) should consider granting tax incentives to supermarkets and other retail outlets following the new policy of higher discounts on essential grocery items purchased by senior citizens and persons with...
Source: BIR TV personalities Boy Abunda and Joey De Leon are urging taxpayers to pay their taxes ahead of the April 15, 2024-deadline, emphasizing the importance of doing so for peace of mind. In a 35-second video shared by the Bureau of Internal Revenue (BIR), Abunda, a television host,...
The Bureau of Internal Revenue's (BIR) specialized unit responsible for managing the tax affairs of large corporations in the country is projected to collect P1.841 trillion this year. According to BIR Revenue Memorandum Order (RMO) No. 11-2024, the Large Taxpayers Service (LTS) is tasked...
The Rotary Club of Makati honored Bureau of Internal Revenue (BIR) Commissioner Jun Lumagui with the Youth Leadership Role Model award. During the club's 58th Charter Anniversary celebration and Paing Hechanova Youth Leadership Awards Night, Lumagui was commended for his outstanding leadership at...
The Bureau of Internal Revenue (BIR) has urged the public to file their annual income tax returns (ITRs) on time to avoid penalties that could reach up to P25,000 or more. In a Facebook post, BIR Commissioner Romeo D. Lumagui Jr. emphasized the importance of early submission for the 2023 ITRs,...
An additional list of 20 medicines, including those that treat cancer and hypertension, has been granted exemption from the 12 percent value-added tax (VAT). Bureau of Internal Revenue (BIR) Commissioner Romeo Lumagui Jr. has issued a memorandum that will exempt 12 medicines for cancer, four for...
The Bureau of Internal Revenue (BIR) announced that all its authorized agent banks (AABs) will operate on two Saturdays before the April 15 deadline for filing income tax returns. According to a bank bulletin issued by the tax bureau, the 19 banking institutions that make up the AABs will be open...
