The Bureau of Internal Revenue (BIR) is reminding everyone that Section 112 of the National Internal Revenue Code, as amended (NIRC), governs the period relating to the processing of VAT refund/credit. This has been in existence since January 1, 1998, the year the NIRC took effect.
Read MoreBANAWE, Quezon City – The Bureau of Internal Revenue (BIR) shuttered three (3) food establishments in Banawe, Quezon City last 13 September 2013 for failure to declare their correct taxable sales and pay deficiency value-added taxes (VAT), in violation of the Tax Code.
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