The Bureau of Internal Revenue (BIR) has announced that online sellers earning over half a million pesos annually will now be subject to a withholding tax. This is after the BIR has released a new tax rule that imposes a one percent withholding tax on electronic marketplace operators and digital...
The chain store with 103 branches nationwide has agreed to settle its multi-million peso tax debts, paving the way for the resumption of operations during the holiday shopping rush, according to Bureau of Internal Revenue (BIR) insiders. The same sources revealed that the store initiated payments...
The Bureau of Internal Revenue (BIR) has temporarily suspended its investigations and field operations over the Christmas holiday, allowing taxpayers to enjoy a more meaningful celebration. BIR Commissioner Romeo D. Lumagui, Jr. issued an unnumbered revenue memorandum order, putting a hold on...
The Bureau of Internal Revenue (BIR) has introduced the Digital Taxpayer Identification Number (DTIN) for a more streamlined and convenient process in obtaining the document. According to BIR Commissioner Romeo D. Lumagui Jr., the new system is designed to eliminate online TIN scams and fixers, as...
The Department of Finance (DOF) is optimistic that the government will be able to exceed its full-year revenue target by generating around P1 trillion in the final three months of the year. Finance Secretary Benjamin E. Diokno said he expects the national government's total revenue collection for...
The Philippine Amusement and Gaming Corp. (Pagcor) reported that the gross gaming revenues (GGR) from gambling operations in the country have exceeded their pre-pandemic levels in the first nine-months of the year. From January to September this year, the country's total GGR reached P205.15...
Fifteen criminal cases against 69 respondents allegedly involved in the use of "ghost receipts" with total tax liability of P1.8 billion were filed by the Bureau of Internal Revenue (BIR) before the Department of Justice (DOJ) on Wednesday, Nov. 22. BIR Commissioner Romeo D. Lumagui Jr. led the...
Leading oil firm Petron Corporation has been ranked consistent topnotcher in the country’s fuel marking program that is being enforced by the Bureau of Customs (BoC) to potently curb smuggling in the downstream oil sector. As reported by the Customs bureau, Petron rated highest in the fuel...
The Bureau of Internal Revenue (BIR) announced that it surpassed its collection target last month, attributing the achievement to the strengthened enforcement efforts in tax compliance. In a statement, BIR Commissioner Romeo D. Lumagui, Jr. said the bureau collected P274.23 billion in October this...
Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui Jr. has been honored with the 2023 Man of the Year award by the Asia Leaders Awards (ALA) for his exceptional leadership and accomplishments in tax administration. The ALA recognizes outstanding leaders across the globe in both public...
The Court of Tax Appeals (CTA) has dismissed the petition filed by Arrow Freight Corporation (AFC) for a refund of P33.28 million in withholding taxes collected by the Bureau of Internal Revenue (BIR) for taxable year 2014. Instead, the CTA -- as a full court -- affirmed AFC's partial refund...
The Bureau of Internal Revenue (BIR) is set to undergo a significant modernization of its tax administration processes, courtesy of a $400 million loan from the Asian Development Bank (ADB). The digitalization program, a focal point of this initiative, received praise in a press statement...
