An additional list of 20 medicines, including those that treat cancer and hypertension, has been granted exemption from the 12 percent value-added tax (VAT). Bureau of Internal Revenue (BIR) Commissioner Romeo Lumagui Jr. has issued a memorandum that will exempt 12 medicines for cancer, four for...
The Bureau of Internal Revenue (BIR) announced that all its authorized agent banks (AABs) will operate on two Saturdays before the April 15 deadline for filing income tax returns. According to a bank bulletin issued by the tax bureau, the 19 banking institutions that make up the AABs will be open...
The Bureau of Internal Revenue (BIR) has raised red flags on the practice of utilizing two deeds of sale in real estate transactions, branding it as a serious form of tax evasion. BIR Commissioner Romeo Lumagui Jr has firmly declared that the common practice of dual deeds of sale is in violation of...
Newly hired employees are not required to visit Bureau of Internal Revenue (BIR) offices to verify their Taxpayer Identification Number (TIN). In a memorandum circular, the BIR told employers that they can verify the TIN of their employees through the Online Registration and Update System (ORUS) at...
The Bureau of Internal Revenue (BIR) said it is now closely monitoring the vape industry following a successful enforcement action against a “big-fish” for tax evasion. BIR Commissioner Romeo D. Lumagui Jr. said the agency had won the case against vape seller Tap Fog and its conspirator before...
The Bureau of Internal Revenue (BIR) has released seven draft regulations related to the Ease of Paying Taxes law ahead of the two-day public consultation set for next week. In a recent BIR advisory , the bureau is inviting taxpayers to participate in a public consultation on the proposed...
Vice President Sara Duterte called for enhanced fiscal discipline and effective revenue collection, saying these are drivers of economic and social growth both in the context of local government and national development goals. Vice President Sara Duterte (Noel Pabalate / MANILA BULLETIN) In...
The Bureau of Internal Revenue (BIR) is now selling condominium units in Manila tied to the realty firm operated by the children of incarcerated businesswoman Janet Lim-Napoles. In a notice of sale, the BIR said it will auction off six residential and one commercial condominium units owned by JCLN...
A Bureau of Internal Revenue (BIR) employee was arrested for allegedly extorting money from an establishment selling kids’ bikes. The BIR, along with elements from the Philippine National Police (PNP), conducted a joint operation last Thursday, Feb. 14 that led to the discovery of the...
The Department of Justice (DOJ) on Thursday, Feb. 15, filed criminal charges in courts against five corporate officers and an accountant of two corporations allegedly involved in "sell, buy, use of ghost receipts," the Bureau of Internal Revenue (BIR) said. In a statement, BIR Commissioner Romeo D...
Surigao del Norte 2nd district Rep. Robert Ace Barbers (Screenshot from Zoom) A lawmaker in the House of Representatives has called on the Bureau of Internal Revenue (BIR) to file a tax evasion case against vape brand Flava Corporation, which allegedly has P728...
Philippine Ports Authority General Manager Jay Daniel Santiago The strategic financial reforms in the Philippine Ports Authority (PPA) again paid off in 2023 with the agency earning a total of P25.4 billion in revenues which reflected a more than 99...
