The Court of Tax Appeals (CTA) has denied the claim for refund of P36.7 million in franchise tax sought by the Davao City Water District (DCWD) from the Bureau of Internal Revenue (BIR) for taxable years 2003 to 2011. With its ruling, the CTA as a full court denied the petition filed by DCWD which...
Let bygones be bygones. The once stormy waters between the Bureau of Internal Revenue (BIR) and Manny Pacquiao have shifted, with the boxing icon now championing tax compliance among Filipinos. The BIR has tapped Pacquiao as one of its famous personalities tasked with reminding...
Senator Sherwin Gatchalian has urged the Senate to look into the alleged smuggling of two Bugatti Chiron sports cars into the Philippines “with an end view of abating the outright smuggling of luxury cars” in the country through legislation. Subject of Gatchalian’s resolution is...
The Department of Finance (DOF) said that all pending tax incentive applications that were previously referred to the Fiscal Incentives Review Board (FIRB) but do not meet the new investment capital threshold will be returned to the Investment Promotion Agencies (IPAs). According to the DOF, this...
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...
New taxes are still a possibility, as the Department of Finance (DOF) clarified that the Marcos administration is just currently not keen on introducing additional tax proposals, apart from its existing priority tax measures. Finance Secretary Ralph G. Recto said the DOF is not developing new tax...
The Department of Finance (DOF) is actively pursuing the removal of tax exemptions for pickup trucks that are not essential for small business operations. According to the DOF proposal, the reintroduction of excise tax on pickup trucks marketed as "lifestyle passenger vehicles" will significantly...
Finance Secretary Ralph G. Recto vowed to enhance government enforcement actions against tax evaders to provide support to the Bureau of Internal Revenue (BIR) in boosting its tax collections. At the BIR’s National Tax Campaign Kick-off event, Recto has assured the unwavering support of the...
The Bureau of Internal Revenue (BIR) posted a record-breaking collection of 2.5 trillion last year, but fell short of the target due to adjustments in value-added tax (VAT) filings and deadlines. On the sidelines of the national tax campaign kickoff on Thursday, Feb. 8, BIR Commissioner Romeo...
With the onset of the busy tax season, we note of the Ease Of Paying Taxes (EOPT), which was made into law last Jan. 5, 2024. President Marcos, however, vetoed one provision on the withholding of taxes by microenterprise, but the rest were approved. As of this writing, we are still waiting...
The Bureau of Internal Revenue (BIR) has added 21 medicines for conditions like diabetes and hypertension to the list of those exempt from value-added tax (VAT). BIR Commissioner Romeo Lumagui Jr. said that two cancer drugs, five for diabetes, two for high cholesterol, five for hypertension, four...
The Bureau of Internal Revenue (BIR) has clarified that not all online sellers are obligated to follow the government’s withholding tax regulations. In a statement, the BIR said that electronic marketplace operators and digital financial service providers, such as Lazada and Shopee, are required...
