3rd simultaneous double-digit monthly growth in BIR and BOC
Read More17 August 2012, Manila, Philippines: The January to July fiscal deficit of the National Government reached 73.731 billion. The National Government registered a deficit in July amounting to P39.249 billion.
Read MoreThe Bureau of Internal Revenue (BIR) today filed a criminal complaint with the Department of Justice against ROMMEL SALVA YNION (YNION) for willful failure to supply correct and accurate information in his Income Tax Return (ITR) for taxable years 2006, 2008 and 2010 and in his Value Added Tax (VAT) Return for the 4th quarter of taxable year 2010 and willful failure to file VAT returns for taxable years 2006 to 2009 and 1st to 3rd quarters of taxable year 2010, in violation of Sections 254 and 255 of the National Internal Revenue Code of 1997, as amended (Tax Code).
Read MoreFor the month of July 2012, the BIR collected Php 83.52 billion in tax revenues, Php 9.73 Billion or 13.18% more than collections made in July of 2011. For the period January to July 2012, the BIR collected Php 604.68 Billion in tax revenues, Php 72.89 Billion or 13.71% more than collections made for the period January to July of 2011.
Read MoreThe results of today’s opening of financial proposals by the Department of Education (DepEd) for its Public Private Partnership for School Infrastructure Project (PSIP) reveal a successful bid.
Read More