Tax holiday pushed for medical front-liners in virus fight
Health-care workers on the front line of the fight against the coronavirus pandemic should be exempt from paying taxes for two months as a reward for their contributions, a lawmaker…
BIR 2020 tax goal slashed to P2.26T as COVID-19 took toll on businesses
MANILA, Philippines – The Bureau of Internal Revenue’s (BIR) 2020 tax-collection target has been downscaled to P2.26 trillion in consideration of the COVID-19 pandemic’s impact on the economy. Revenue Memorandum…
DOF to seek Congress OK of prolonged tax relief for small businesses
The Department of Finance (DOF) is seeking legislation, which could take years to finish, to allow the government to absorb losses of small businesses as a result of COVID-19 lockdowns…
Chua: Tax reforms must proceed to fund health crisis response
MANILA, Philippines — Acting Socioeconomic Planning Secretary Karl Chua on Wednesday said the government must pursue its tax reform program or it might be forced to borrow more money to…
BIR readies new tax deadlines as Luzon COVID-19 lockdown prolonged
The Bureau of Internal Revenue (BIR) is moving forward tax deadlines that it had already extended to match the extension of the Luzon-wide lockdown against the COVID-19 pandemic to April…
DOF, BIR publish order to reiterate documentary stamp tax exemption of COVID-19 loan relief
The Department of Finance (DOF) and the Bureau of Internal Revenue (BIR) have reiterated the exemption from documentary stamp tax (DST) of the loan relief provided during the enhanced community…
COVID-19 relief: 16 LGUs extend local tax deadlines
Two provinces and 14 cities have extended deadlines to pay local taxes but the Bureau of Local Government Finance (BLGF) expressed no worry yet about the impact of lower tax…
Donated PPEs from overseas exempt from donor’s tax
Imported personal protective equipment (PPE) and other medical supplies to be used in the fight against the new coronavirus disease (COVID-19) will not only enjoy tax- and duty-free entry but…
Gov’t removes donor tax for imported PPEs, med supplies for COVID-19 fight
Donations of the now highly valuable personal protective equipment and other medical supplies imported into the Philippines to help in the fight against COVID-19 would not only enjoy tax-free entry…
BIR hits pause button on tax probes as COVID-19 menace continues
The Bureau of Internal Revenue (BIR) paused its investigation of tax delinquents as Luzon and other parts of the country lock themselves down to stop the transmission of COVID-19. In…