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 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 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...
Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui Jr. expressed gratitude to the Department of Finance (DOF) for acknowledging the tireless efforts in raising government funds. In a press release last Nov. 15, the DOF praised the BIR for performing exceptionally well in revenue...
The Department of Finance (DOF) is confident that the Bureau of Internal Revenue (BIR), the government’s main tax agency, would hit its collection targets for the medium-term. In a statement, Finance Secretary Benjamin E. Diokno said the BIR was able to achieve a historic level of tax collection...
San Miguel Corp. (SMC) has lost a P30 million tax refund claim to the Bureau of Internal Revenue (BIR), Revenue Commissioner Romeo D. Lumagui announced. The BIR chief said the Supreme Court (SC) ruled that SMC was not eligible for a refund of its documentary stamp tax (DST) on inter-company...
The Bureau of Internal Revenue (BIR) has seized illicit cigarettes in Davao region as part of its intensified efforts to apprehend unscrupulous traders and smugglers. BIR Commissioner Romeo D. Lumagui Jr. said the bureau has successfully seized 717 master cases, equivalent to 358,500 packs, of...
Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui, Jr. reported that the agency has consistently exceeded monthly collection targets, attributing the success mainly to heightened tax enforcement activities. During a media forum hosted by the Philippine Information Agency, Lumagui...
