Senate Majority Leader Juan Miguel Zubiri on Monday, June 7, expressed support for the passage of the bill seeks to correct the Bureau of Internal Revenue's (BIR) supposed misinterpretation of the law modifying taxes imposed on private educational institutions. Senate Majority Leader Juan Miguel...
The Fiscal Incentives Review Board (FIRB) has adopted the framework for the grant of incentives to qualified industries under the government’s Strategic Investment Priorities Plan (SIPP). As provided in the newly enacted Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law that...
Deputy House Speaker Representative Rufus Rodriguez is pushing for a bill that would clarify an existing provision on tax perks granted to educational institutions under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law which the Bureau of Internal Revenue (BIR) allegedly...
Senator Nancy Binay on Sunday urged the Bureau of Internal Revenue (BIR) to “have a heart” and spare private schools from a 150 percent increase in income tax. Binay said the BIR should withdraw its Revenue Regulation No. 5-2021 which seeks to impose higher income tax on so-called proprietary...
Senator Sherwin Gatchalian on Saturday, June 5, called on the Senate to exercise its oversight function and look into the Bureau of Internal Revenue's (BIR) regulation seeking to increase the tax rate of private schools. Senator Sherwin Gatchalian during a special session in the Senate on March 23,...
The Bureau of Internal Revenue (BIR) has reported that 1.43 million or 99.5 percent of all the income tax returns filed (ITRs) during the last tax filing season were filed online. In a report to the Secretary of Finance, the BIR said that only 7,139 returns were filed manually. This is clearly a...
Various private education stakeholders have appealed to President Duterte to intervene as they seek to reverse the provisions in the revenue regulation of the Bureau of Internal Revenue (BIR) which seeks to increase the tax rate of private schools. (PIXABAY / MANILA BULLETIN) A petition signed by...
The Bureau of Internal Revenue (BIR) has filed another set of tax evasion cases against 16 corporate and individual taxpayers based in Luzon, Visayas, and Mindanao amounting to almost P1 billion. (Photo by Scott Graham / Unsplash) All in all, the tax evasion cases amounted to P959 million. Ten of...
Senators have called on the Bureau of Internal Revenue (BIR) to rescind its regulation that increasing the tax rate on schools to 25 percent. Senate President Pro Tempore Ralph Recto Senate President Pro Tempore Ralph Recto and Senator Joel Villanueva referred to the BIR's Revenue Regulation 5-2021...
The Bureau of Internal Revenue (BIR) has padlocked a Parañaque City grocery for alleged non-registration and non-payment of value-added tax (VAT) amounting to more than P21 million. (Photo by Roth Melinda / Unsplash) South National (NCR) Assistant Revenue Regional Director Saripuden Bantog...
As the Bureau of Internal Revenue (BIR) ramps up digitalization initiatives, the Department of Finance (DOF) reported that nearly all income tax returns (ITRs) were filed online during the last tax filing season. In a statement released by the DOF on Thursday, June 3, it cited a BIR report stating...
The measure seeking to impose additional taxes on Philippine Offshore Gaming Operators or POGOs and their service providers is now waiting for President Duterte’s signature. This was after the Senate voted 17-3-0, and then approved on third and final reading, Senate Bill No. 2232 which seeks to...
