The Bureau of Customs (BOC) surpassed its collection target for January, driven by improved import valuation, enhanced border protection, and tangible trade facilitation initiatives. The BOC, the government's second-largest tax agency, announced that it collected P73.33 billion in the first month...
E-cigarette and vape manufacturers and distributors in the country are in favor of the Department of Finance's (DOF) efforts to improve tax collection efficiency and pursue tax evaders, including those involved in the vapor products sector. In a statement, Joey Dulay, Philippine E-cigarette...
The Bureau of Internal Revenue (BIR) is intensifying its tax efficiency by actively reaching out to business owners to discuss their tax responsibilities, with the goal of enhancing its collection performance for the year. The Nationwide Tax Compliance Verification Drive (TCVD), which runs from...
The Land Transportation Office (LTO) has set a P43 billion revenue collection this year in the form of aggressive information drive and implementation of strategies that will convince more delinquent vehicle owners to renew their registration and for others to renew their registration on time. LTO...
President Marcos has signed Republic Act (RA) No. 11976, or the Ease of Paying Taxes Act, to boost the economy and safeguard taxpayer rights while improving revenue collection through digitalization initiatives. File photos Marcos signed the measure on Friday, Jan. 5. It was one of his priority...
Malacañang has turned down provisions in the Ease of Paying Taxes (EOPT) law that aimed to exempt small businesses from deducting withholding taxes. In a letter dated Jan. 5, 2024, addressed to the House of Representatives, President Marcos said he was “constrained to veto Section 8,” of...
View this post on Instagram A post shared by Camille Co - Koro (@itscamilleco) Unknown to many, Filipino fashion designer and socialite Camille Co-Kora once expressed her desire to let go of her design career, making it a close chapter. But this changed when she found the right partner who would...
CAGAYAN DE ORO CITY – Several residents here have complained that their garbage has not been collected for weeks. A TRUCK from a private volunteer collects garbage from different areas in Cagayan de Oro City on January 16, 2023. The city government has tapped private entities to...
The Bureau of Customs, the government's second-largest tax agency, exceeded its target in August due to efficient operations, increased trade activities, and strong revenue measures. In a statement, Customs Commissioner Bienvenido Y. Rubio said the bureau collected P75.64 billion last month, five...
The Bureau of Internal Revenue (BIR), the government's main tax agency, exceeded its collection target for July this year due to a significant boost in tax enforcement efforts. In a statement on Tuesday, Aug. 29, BIR Commissioner Romeo D. Lumagui, Jr. said the bureau collected P273.13 billion in...
Senator Sherwin Gatchalian said the government should address illicit trade in order to generate higher revenue collection and provide some relief for its limited fiscal space. Gatchalian made the appeal during the recent Development Budget Coordination Committee (DBCC) briefing in the...
The Bureau of Customs has completed the construction of a new sub-port building at the Mindanao Container Terminal (MCT) in Misamis Oriental, aimed at bolstering revenue collection and improving services for stakeholders. Located within the Phividec Industrial Estate in Tagoloan, Misamis Oriental,...
