Tag: #Bureau of Internal Revenue (BIR)
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BIR files P368-M tax evasion raps vs 16 Luzon, Cebu taxpayers
The Bureau of Internal Revenue (BIR) has filed tax evasion charges against seven corporate and nine individual taxpayers based in Luzon and Cebu worth more than P368 million.
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Going digital: BIR orders field officials to use video conferencing in setting tax liabilities
The Bureau of Internal Revenue (BIR) ordered on Friday, Jan. 28, all its regional directors and other field officials to utilize video conferencing as an alternative mode to face-to-face investigation of administrative cases.
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BIR widens accommodation for taxpayers in Odette-hit areas
The Bureau of Internal Revenue (BIR) said Friday, Dec. 24, that taxpayers affected by the killer typhoon “Odette” may file returns and pay the corresponding taxes at the nearest authorized agent banks (AABs), or to revenue collection officer (RCO), regardless of the revenue district office jurisdiction.
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BIR sues 5 individual, business taxpayers for P146-M tax debts
The Bureau of Internal Revenue (BIR) said it has filed separate tax evasion charges against three corporate and two individual taxpayers for allegedly ignoring notices to settle back accounts totalling to more than P146 million.
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BIR shuts down 322 businesses over tax debts
The Bureau of Internal Revenue (BIR) said Friday, Oct. 22, that it has padlocked 322 businesses nationwide during the first nine months of the year mostly for non-registration and non-issuance of receipts or invoices to their customers.
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House panel OKs bill vs higher taxes on private schools, hospitals
The House Committee on Ways and Means has approved the measure that seeks to put a stop to a government policy imposing higher tax on private schools and hospitals.
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Palace supports BIR tax hike on private schools
It seems that Malacañang is unlikely to reverse a Bureau of Internal Revenue (BIR) rule imposing higher corporate income tax on private schools in the country for now.
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House leader pushes bill scrapping new higher tax on private schools
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 wrongly interpreted.
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Binay to BIR: Spare schools from being taxed
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.
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Massive online tax filing signals greater financial inclusion
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.
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Senators press BIR to collect P40-B in POGO taxes to finance COVID-19 programs
The Bureau of Internal Revenue (BIR) should collect the P40-billion in unpaid franchise taxes of Philippine Offshore Gaming Operators or POGOs and they should leave the country once they’ve paid.
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BIR, Customs’ takes exceed Sept. target
The national government’s two main tax agencies exceeded their revised collection target in the first eight-months of the year, but remained lower than last year’s performance, the Department of Finance (DOF) said.
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Gov’t fiscal gap swells on weak revenues
The national government posted a significantly wider budget deficit last month despite the Duterte administration’s almost flat spending due to dwindling revenues amid the pandemic, data from the Bureau of the Treasury showed.
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BIR assures full support for FIST bill
The Bureau of Internal Revenue (BIR) assured lawmakers of its full support for the proposed measure allowing banks to dispose their bad loans and other non-performing assets (NPAs) through asset management companies.
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Gov’t may still borrow less in 2020—Dominguez
The Duterte administration may borrow less than programmed for the rest of the year should the government’s two main tax agencies continue to exceed their downscaled collection targets, the Department of Finance (DOF) said.
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BIR, BOC exceed reduced collection goal
The national government’s two main tax agencies have exceeded their reduced collections targets in the first eight-months of the year, but still lower than their performance in the same period last year, the Department of Finance (DOF) said.