House Deputy Speaker and Batangas 6th district Rep. Ralph Recto (Facebook) The individual barangays' Internal Revenue Allotment (IRA) of almost P175 billion each should be a big reason for Filipinos to vote wisely during the Oct. 30 barangay and Sangguniang Kabataan (SK)...
Senator Grace Poe on Tuesday, August 15 pressed the Bureau of Internal Revenue (BIR), in coordination with the Philippine Amusement and Gaming Corporation (Pagcor), to make every effort to collect the P2.2-billion dues from a Philippine Offshore Gaming Operator (POGO) firm that closed shop...
Senator Francis “Chiz” Escudero on Monday, August 14 reiterated his call for the government to first prioritize improving its collection before pursuing any plan to raise or impose new taxes. Sen. Francis "Chiz" Escudero (Senate PRIB Photo) Escudero pointed out Filipino...
The Bureau of Internal Revenue (BIR) has revealed that the use of fake invoices and receipts by certain business establishments has resulted in an annual loss of up to P546 billion in value-added tax (VAT) for the government. BIR Commissioner Romeo D. Lumagui Jr. made the disclosure during the 119th...
The Land Transportation Office-National Capital Region (LTO-NCR) has collected more than P4.5 billion revenue for the second half of this year, which it said, reflected an increase compared to the same period in 2022. LTO-NCR director Roque Verzosa said the P4,551,670,401.06 revenue collection from...
Finance Secretary Benjamin Diokno said the condonation of all unpaid agrarian debt will have no impact on the government's revenue. DOF Secretary Benjamin Diokno (Noel B. Pabalate) Diokno stressed the government has already made plans about the government's target revenue and the condonation of the...
House of Representatives (Ellson Quismorio/ MANILA BULLETIN) Albay 2nd district Rep. Joey Salceda is eyeing a briefing with the Bureau of Internal Revenue (BIR) in the House of Representatives on the fake or "ghost receipts" scam, which has apparently cost the national government billions in lost...
In a two-day crackdown operation, the Bureau of Internal Revenue (BIR) has confiscated a large amount of untaxed juice and powdered tea drinks from three major grocery stores and their manufacturer in Metro Manila and Cavite. The BIR's large taxpayers service (LTS), under Assistant Commissioner...
The Bureau of Internal Revenue (BIR) is exploring the option of implementing tax withholding measures on major online platform providers such as Lazada and Shopee. The BIR said that it aims to ensure that taxes owed by online sellers of goods and services are collected more effectively. A senior...
The Bureau of Internal Revenue (BIR) is hitting the ground running. In the first four months of 2023, it surpassed its collection target by ₱14.319 billion. In particular, BIR Commissioner Romeo D. Lumagui Jr. cited the agency’s ₱336.02-billion collection in April, surpassing its goal for the...
Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui Jr. has issued a warning to the successful candidates of the May 2023 Licensure for Certified Public Accountants regarding the risks associated with the use of fake or ghost receipts and invoices in their professional activities. *BIR...
The Bureau of Customs (BOC) reported Friday, June 2, that it has collected P77.793 billion in revenue in May which surpassed its collection target for the said month. *BOC Commissioner Bienvenido Y. Rubio (File photo) * The collection was P5.443 billion or 7.52 percent bigger than the collection...
