The Department of Finance (DOF) expects to generate P102.12 billion over the next five years from a new law that imposes a 12-percent value-added tax (VAT) on both local and foreign digital service providers (DSPs). According to the DOF, the estimated revenues to be collected from 2025 to 2029 will...
The Bureau of Internal Revenue (BIR) vowed to rigorously enforce the Anti-Agricultural Economic Sabotage Act in a bid to combat illicit trade in the agricultural sector. In a statement, BIR Commissioner Romeo D. Lumagui, Jr. said that all bureau personnel will be mobilized to ensure the effective...
The Court of Tax Appeals (CTA) has denied the petition of Air Drilling Associates Pte. Ltd. which sought a tax refund of P951,459.67 for its zero-rated sales for the fourth quarter of 2018. Air Drilling is a foreign company from Singapore engaged in aerated drilling services. It was licensed to...
In the first five years of its implementation, fuel marking added to government coffers a total of P988.8 billion in tax revenues, inching closer to the P1-trillion mark with one more year before the program's contract ends. The latest data obtained by Manila Bulletin on Tuesday, Sept. 17, showed...
The Bureau of Internal Revenue (BIR) has lowered the government-mandated floor prices for tobacco and vape products. Based on the updated BIR floor prices, the minimum retail costs for cigarettes, heated tobacco products, and vaporized nicotine have decreased, while non-nicotine products will...
The Bureau of Internal Revenue (BIR) has confiscated over 1.3 million packs of untaxed cigarettes valued at P838 million during two separate raids on warehouses in Quezon City and Caloocan City. BIR Commissioner Romeo D. Lumagui Jr., who led the operations, emphasized the agency's unwavering...
Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui Jr. announced that the newly launched BIR web portal has exceeded 10 million visitors. This milestone follows the portal's public introduction during the agency's recent 120th anniversary celebration. The web portal is a key initiative...
BIR Commissioner Romeo D. Lumagui, Jr. (center) together with BIR officials and personnel, pose for a group photo alongside the returning members of the Multi-Sectoral Group, including the Philippine Chamber of Commerce and Industry, Tax Management Association of the Philippines, Management...
The Bureau of Internal Revenue (BIR) has introduced the Digital TIN ID, an online tool that simplifies and secures the process of obtaining a Tax Identification Number (TIN) ID, replacing the need for a physical card. Taxpayers can now easily acquire their TIN ID through the BIR's Online...
The Bureau of Internal Revenue (BIR) has introduced rules for "takedown orders" aimed at e-marketplaces that allow online sellers and content creators to sell products without meeting tax compliance requirements. In a statement on Monday, Sept. 9, BIR Commissioner Romeo D. Lumagui Jr. announced the...
The Bureau of Internal Revenue (BIR) is gearing up to strengthen interagency cooperation and coordination to effectively combat tax evasion and money laundering. BIR Commissioner Romeo D. Lumagui Jr. said it is necessary to enhance collaboration with the Anti-Money Laundering Council (AMLC) amid...
CEBU CITY – The provincial government of Bohol has recommended the creation of a task force to further improve its revenue collection effort. BOHOL Gov. Aris Aumentado (center) and Provincial Administrator Aster Caberte (left) meet officials of the Bureau of Internal Revenue (BIR)-Bohol to...
