A series of meetings with the International Monetary Fund (IMF) Mission on Government Finance Statistics (GFS) were held at the DOF on July 11-13, 2012. The consecutive meetings aimed to enhance fiscal reporting in the public sector by getting background information from relevant data generating agencies
Read MoreFor the month of November 2012, the BIR collected Php 110.77 Billion in tax revenues, Php 18.02 Billion or 19.42% more than collections made in November of 2011. The collection for November 2012 exceeded the collection target by PhP 7.81 Billion or by 7.59%. For the period January to November 2012, the BIR collected Php 969.34 Billion in tax revenues, Php 119.83 Billion or 14.11% more than collections made for the period January to November of 2011.
Read MoreThe Bureau of Internal Revenue (BIR) today filed a criminal complaint with the Department of Justice against BERNARD B. ANACTA (ANACTA) for willful attempt to evade or defeat tax and for deliberate failure to supply correct and accurate information in his Income Tax Return (ITR) for Taxable Year (TY) 2009, in violation of Section 254 and Section 255 of the National Internal Revenue Code of 1997, as amended (Tax Code).
Read MoreThe Philippine Deposit Insurance Corporation (PDIC) announced that the Philippine Postal Corporation (PPC) started mailing the payment for valid savings deposit accounts with balances of P15,000 and below maintained with the closed Rural Bank of Dasmariñas (Cavite) on December 11, 2012, twelve days after the bank’s closure on November 29, 2012.
Read MoreThe Bureau of Customs’ (BOC) unrelenting campaign against smuggling has once again caused the seizures of three (3) forty footer container vans of illegally imported fresh potatoes and carrots worth PhP 7.5 million from China by operatives of the Bureau’s Enforcement Group.
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