Senator Manny Pacquiao could have easily avoided his P3-billion tax evasion case had he presented outright to the Bureau of Internal Revenue (BIR) his income tax payments from the United States' (US) Internal Revenue Service (IRS). (Photo from Manny Pacquiao's Instagram) Several former and present...
Malacañang is not seeking revenge against Senator Manny Pacquiao when President Duterte recently mentioned his P2.2-billion tax evasion case in their raging rift. President Rodrigo Duterte attends Senator Manny Pacquiao’s 38th birthday celebration at the KCC Mall Events & Convention Center...
The feud between President Duterte and Senator Manny Pacquiao is not yet over. The President has raised the tax evasion complaint hurled against Pacquiao, saying the boxing icon owed the government P2.2 billion in back taxes. Turning the tables on the senator, Duterte argued that if a person...
The Court of Tax Appeals (CTA) has turned down the petition of a foreign cigarette company to get back from the Bureau of Internal Revenue (BIR) more than P305 million in advance excise tax payments due to its failure to submit complete tax refund documents. (Photo by Pawel Czerwinski/ Unsplash)...
Opposition Senator Leila de Lima has joined other lawmakers in calling for the suspension of the new tax scheme imposed on private schools. In filing Senate Resolution No. 766, De Lima urged the Duterte administration to cancel the 25 percent corporate income tax on private schools imposed by the...
Anti-tax fraud operatives of the Bureau of Internal Revenue (BIR) have confiscated thousands of untaxed heated tobacco and vapor ("vape") products during raids on several retail outlets located inside shopping malls in Manila. (Photo by Donn Gabriel Baleva/ Unsplash) Manila Revenue Regional...
The Bureau of Internal Revenue (BIR) has padlocked 207 businesses nationwide during the first five months of the year for various tax offenses under its "Oplan Kandado" program. This effort by the agency involves temporarily shutting down the businesses by virtue of their tax violations. BIR Deputy...
Should economic zone-based business process outsourcing (BPO) companies implementing a work-from-home (WFH) scheme get tax incentives? The Department of Labor and Employment (DOLE) thinks so. (Photo from DOLE Facebook page) According to DOLE Secretary Silvestre Bello III, Information Technology and...
The Court of Tax Appeals (CTA) has cancelled the P105-million deficiency tax assessment slapped by the Bureau of Internal Revenue (BIR) against an Angeles City-based petroleum company for the failure of the former to observe the mandatory procedure for issuing tax assessments. (Photo from BIR...
A measure extending the estate tax amnesty until June 2023 has been signed into law by President Duterte. President Rodrigo Duterte (file photo/Malacañang) The President inked Republic Act No. 11569 allowing a two-year extension of the estate tax amnesty, amending RA 11213 or the Tax Amnesty Act....
Senate Minority Leader Franklin Drilon on Wednesday proposed that another resolution be crafted to complement the approval of a Senate bill that seeks to amend tax regulations governing private schools and institutions. Drilon, during the Senate Ways and Means Committee hearing on Senate Bill No....
The finance and trade departments signed the implementing rules and regulations (IRR) of the corporate recovery and tax Incentives for enterprises (CREATE) law, the government’s largest fiscal stimulus package for businesses in the country’s history. Ahead of the July 10, 2021 deadline, Finance...
