Finance Secretary Carlos G. Dominguez III has instructed the Bureau of Internal Revenue (BIR) to set up a unit dedicated to track sales of goods done online and to coordinate with their counterparts in other countries to determine how to properly tax these digital transactions. BIR Commissioner...
The national government’s budget deficit breached the P1 trillion mark in the first three quarters of the year, but cuts in expenditures allowed the Duterte administration to keep the funding gap below the ceiling. The Bureau of the Treasury reported Monday, Oct. 25, that the national...
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. Bureau of Internal Revenue In formal complaints submitted to the...
The Coordinating Council of Private Educational Associations (Cocopea) said that some regional offices of the Bureau of Internal Revenue (BIR) are still imposing a 30-percent income tax rate on proprietary education institutions despite the suspension of the order by the Department of Finance...
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. (File photo / MANILA BULLETIN) However, BIR Deputy...
Collections of the government’s two main tax agencies surpassed the P2-trillion mark in the first nine months of the year, nearing the pre-pandemic level, the Department of Finance (DOF) reported Friday, Oct. 22. Finance Secretary Carlos G. Dominguez III said tax haul of the Bureau of Internal...
A House of Representatives panel has recommended passage of a bill that would guarantee allocation for the procurement of medicines and other community health requirements needed by indigent patients. Medicines The House Committee on Local Government has unanimously approved House Bill 10392 that...
More than half of the initial list of tax-delinquent social media influencers have yet to begin the sign-up process with the Bureau of the Internal Revenue (BIR) despite crackdown, the Department of Finance (DOF) said. Finance Assistant Secretary Dakila Elteen M. Napao said late Friday, Oct. 8,...
The Bureau of Customs (BOC) has surpassed its revenue collection goal for September 2021 after posting a record-breaking actual collection of P59.9 billion, the agency said Friday, Oct. 1. (Photo courtesy of NAIA-BOC) The bureau disclosed that the "highest monthly collection recorded to date" is...
The Coordinating Council of Private Educational Associations (COCOPEA) on Monday, Sept. 27, commended the Senate for passing on third and final reading the measure that seeks to clarify that all private schools are entitled to the one percent preferential tax rate under the Corporate Recovery and...
Some 250 famous social medial (socmed) personalities are now being investigated by the Bureau of Internal Revenue (BIR) for possible tax evasion, the Department of Finance (DOF) said. In a statement, the DOF said on Thursday, Sept. 16, that the tax bureau is looking into an initial 250 top earning...
E-Cigarettes The Bureau of Internal Revenue (BIR) will start affixing tax stamps on e-cigarettes and heated tobacco products (HTP) to ensure tax compliance among manufacturers of these alternatives to traditional smoking. Based on BIR Revenue Regulations No. 28 dated Sept. 10, 2021, the the...
