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Raids conducted by the Bureau of Internal Revenue’s (BIR) “strike team” against the illicit trade of cigarettes have already yielded over P1.2 billion in counterfeit sticks and fake tax stamps…
The Bureau of Internal Revenue (BIR) has given online businesses one more month, or until Aug. 31, to register without penalty as movement restrictions remained in place despite a less-stringent…
The Bureau of Internal Revenue (BIR) is bent on collecting 5 percent franchise taxes owed by Philippine offshore gaming operators (Pogos) based overseas despite opposition from the Philippine Amusement and…
To plug hefty tax leakages from local and foreign deals involving related parties, the Bureau of Internal Revenue (BIR) on Friday mandated reporting of these types of transactions. The country’s…
Medicines for diabetes, high cholesterol and hypertension are exempt from value-added tax (VAT), so importations slapped with the 12-percent levy at the start of the year will be refunded, the…
The Bureau of Internal Revenue (BIR) has eased some of the tax requirements for Philippine offshore gaming operators (Pogos) to resume operations under a less restrictive COVID-19 community quarantine. Internal…
Revenue collection by the Bureau of Internal Revenue (BIR) and Bureau of Customs (BOC) improved in June but their six-month take was still lower year-on-year and below target due largely…
MANILA, Philippines — The Bureau of Internal Revenue (BIR) has further extended the ongoing tax amnesty on delinquencies until Dec. 31, giving more time for taxpayers to settle their liabilities…
No thanks to a COVID-19-induced recession, tax collections declined by almost a fourth year-on-year to P874.9 billion as of end-May, the Department of Finance (DOF) said on Friday. In a…
MANILA, Philippines — No thanks to a COVID-19-induced recession, tax collections dropped by almost a fourth year-on-year to P874.9 billion as of end-May, the Department of Finance (DOF) said Friday.…
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