Amidst calls on the reduction of the 12 percent value added tax (VAT)by the different to alleviate the effect of continuing oil prices, Malacañang remained firm on its stand that the VAT will stay. Transportation Secretary Mar Roxas said during a recent visit to Zamboanga that the Aquino administration has no plans of supporting to [...]

President Benigno “Noynoy” Aquino III is not keen on new taxes just to increase the income of the government, instead he said that existing tax exemptions or incentives should be reviewed. Aquino said that rationalization plan for fiscal incentives is being discussed and stressed that the government would continue on its efforts to increase revenues [...]

The Department of Justice (DOJ) subpoenaed Ang Galing Pinoy Party List Rep. Juan Miguel “Mikey” Arroyo and his wife Angela ordering them to appear before the justice department to answer the charges for the P73.85-million tax evasion cased filed by the Bureau of Internal Revenue (BIR) April 7.
The former presidential son and his wife were [...]

The Bureau of Internal Revenue (BIR) filed a P73.85 million tax evasion case against Ang Galing Party-list Representative Juan Miguel Arroyo and his wife, Angela. Perhaps, the biggest fish yet, in its campaign against tax evaders, BIR Commissioner Kim Henares said the couple were charged for attempting to defeat taxes and failing to file income [...]

New guidelines for all authorized agent-banks have been issued by the Bureau of Internal Revenue (BIR) as part of preparations for the 2010 income tax filing season. The new guidelines is requiring all authorized agent-banks to be open for two Saturday immediately prior to April 15 of every year and extend their banking hours from [...]

A bill that is said to “increase tax collections without the enactment of new tax measure” has been approved by the House committee on ways and means.
Authored by Representative Giorgidi Aggabao and Batangas Representative Tomas Apacible, the bill is simplifying the net income taxation scheme (SNITS) that will limit the allowable business deductions from gross [...]

The Bureau of Internal Revenue (BIR) exceeded its target for January 2011 collection by P2.59 billion. The revenue agency said that it collected for the month of January a total of P74.58 billion, surpassing its target of P71.97 billion, or a 3.6 percent excess of goal. Comparing its collections for the same period last year [...]

I am sure that by now, many have seen the viral video that was the dancing flight attendants. Not really sure if they were inspired by that video, but not long after that, the Cebu City Treasurer’s Office (CTO) came up with their own dancing tax collectors. And just a few days after their launched, [...]

Another company is the subject of the charges filed by the Bureau of Internal Revenue for tax evasion. This time, the BIR filed a criminal case against Nanox Philippines, Inc., a Japanese company that manufactures liquid crystal display (LCD) screens, for its failure to pay its taxes worth over P200 million.
BIR Deputy Commissioner for Legal [...]

Starting on the 1st of June, the Bureau of Internal Revenue (BIR) will be pushing through with the implementation of value-added tax (VAT) on toll fees, in spite of the opposition of various sectors. This could mean higher toll rates once the VAT is imposed.
BIR Commissioner Joel Tan-Torres, who is adamant on the imposition of [...]

The plan of the Bureau of Internal Revenue (BIR) of naming the top taxpayers in the country makes foreign business leaders worried that it could threaten people’s safety and privacy. The Joint Foreign Chambers (JFC) is urging the BIR to nix the said plan.
JFC said that publishing the names of the top taxpayers may also [...]

Right after the elections, the Bureau of Internal Revenue (BIR) will start this week their audit of 24 of the biggest conglomerates in the Philippines for their 2009 finances. According to BIR Commissioner Joel L. Tan-Torres said BIR “expects to collect a large amount of tax deficiency” from these group of companies. He said they [...]

The country’s tax agency was able to exceed its collection goal of P86.2 billion for April and was able to collect P87.1 billion for the month. Bureau of Internal Revenue (BIR) commissioner Joel Tan-Torres that the collection for April even exceeded the P87 billion collections for the same period last year.
The collection performance was attributed [...]

To offset the coming price increase of galvanized iron (GI) sheets and other finished products, the steel coil imports may be allowed to enter the Philippines duty-free soon. Trade secretary Jesli A. Lapus said that the Tariff and Related Matters (TRM) committee has approved the 0% tariff for rolled coils last April 28 in order [...]

A new and enhanced tax program is being prepared by the Bureau of Internal Revenue (BIR), but this the revenue agency is conducting talks with taipans and conglomerates for the said program. BIR Commissioner Joel Tan-Torres hopes that the agency would be able to collect more from the conglomerates through the enhanced tax measures.
Under the [...]

In spite of the opposition of different sectors, the Bureau of Internal Revenue (BIR) is adamant in implementing the value added tax (VAT) on toll fees. The BIR is all set to impose VAT on toll by April 30, after deferring it for several times. “That is the plan. That is what we intend to [...]

The move against the imposition of the 12 percent value added tax (VAT) on toll found an ally in the person of Senate President Juan Ponce Enrile.
Enrile opposed the imposition of 12 percent VAT on toll, saying that the tax would only bring additional burden for motorists who also pay the road users’ tax. The [...]

Singer/entrepreneur Claire Della Fuente has been ordered arrested by the Court of Tax Appeals (CTA) for her bus company’s failure to pay some P417.8 million in taxes from 1997 to 2004. CTA was acting on case filed by the Bureau of Internal Revenue (BIR), which hailed the issuance of the arrest warrant as a good [...]

The last week of the year will see the field personnel of the Bureau of Internal Revenue (BIR) going out and visiting businesses and their warehouses. The revenue agency will be deploying its personnel to check out and monitor taxpayers’ year-end inventory.
BIR Commissioner Joel Tan-Torres issued Revenue Memorandum Order No. 40-2009, which seeks to validate [...]

The Subic Bay Metropolitan Authority (SBMA) expects tax collection in the Freeport zone to exceed that of 2008 level. SBMA administrator Armand Arreza is counting on the combined collection efforts of the Bureau of Customs (BOC) and the Bureau of Internal Revenue (BIR) in the Subic Bay Freeport which went up last quarter. Arreza said [...]