Business NEWS

The Bureau of Internal Revenue (BIR) will monitor the compliance of outsourcing companies in economic zones with the onsite work policy of the Fiscal Incentives Review Board (FIRB), the Department of Finance (DOF) said.

Megaworld Corp. said the company had no pending closure order from the government’s chief tax collector as the publicly-listed property firm maintained it paid all its obligations with the Bureau of Internal Revenue (BIR).

Megaworld Corp. said the impending issuance of a closure notice against the property company has been clarified and resolved with the Bureau of the Internal Revenue (BIR).

A lawyer of one of the groups that asked for presumptive president Ferdinand Marcos Jr.’s disqualification from the 2022 presidential race said that the former senator will be in power to decide on the myriad of issues that face his family, including reparation for the human rights victims during his father’s Martial Law regime and his own unpaid tax liabilities.

Although it is not in favor of taxing the honoraria of teachers, the Commission on Elections (Comelec) said it is beyond their jurisdiction.

The Department of Finance (DOF) and the Bureau of Internal Revenue (BIR) should give lawmakers their proposals on how poll workers, including public school teachers, can receive the full amount of their honoraria, allowances, and other benefits, Sen. Sherwin Gatchalian said on Tuesday.

As the tax filing season ends, the Bureau of Internal Revenue (BIR) charged 14 Metro Manila corporations and four business owners with tax evasion worth more than P4 billion.

Former Bureau of Internal Revenue (BIR) Commissioner Kim Henares says the 2022 poll season is giving off more toxic than positive vibes compared to previous elections as conflicting narratives and messages of hatred are getting delivered faster than ideas for development.

Filipinos are getting entrepreneurial as the Bureau of the Internal Revenue (BIR) reported an increase in the number of new businesses last year despite the prolonged pandemic, the Department of Finance (DOF) said.

Albay 2nd District Representative Joey Salceda on Friday called on the Bureau of Internal Revenue (BIR) to clarify the definition of “unrelated activities” under its Revenue Regulation 3-2022 to ensure that private schools and hospitals to reduce the any tax uncertainty.

The Philippine government is losing about P26 billion in taxes every year due to illicit cigarettes, a House lawmaker said.

The Bureau of Internal Revenue (BIR) recorded a decline in tax collection from Philippine Offshore Gaming Operations (POGO) last year following their exodus at the height of the pandemic.

Senator Aquilino “Koko” Pimentel III has filed a resolution calling for a Senate inquiry into the apparent failure of the Bureau of Internal Revenue (BIR) to collect the estate tax obligation due on the estate of the family of former president Ferdinand Marcos.

Senator Imee Marcos said her mother, former First Lady Imelda Marcos, has denied receiving a demand letter from the Bureau of Internal Revenue (BIR) asking her to settle the Marcos family’s supposed P203-billion estate tax liability.

Senator Imee Marcos on Friday, April 1 questioned the timing of the revival of her family’s estate tax issue and blamed dirty politics for it.

The Bureau of the Internal Revenue (BIR) is planning to auction off some of the properties of the late President Ferdinand E. Marcos as his heirs continue to refuse in paying the estate tax.

Communications Secretary Martin Andanar said President Duterte was only reminding the Bureau of Internal Revenue (BIR) to do its job and collect taxes following reports of a certain presidential candidate having unpaid estate taxes.

Retired Supreme Court Senior Associate Justice Antonio Carpio on Thursday, March 24, called for the Bureau of Internal Revenue (BIR) to file a criminal case against former Senator Ferdinand Marcos Jr. for failing to pay his family’s P203-billion estate tax debt.