CROSS-BORDER COOPERATION AND INFORMATION-SHARING. The Philippine Deposit Insurance Corporation (PDIC) and the Deposit Protection Agency of Thailand (DPA) signed an agreement on cross-border cooperation and information-sharing on November 20, 2014 at the PDIC Office in Makati City. PDIC President Cristina Q. Orbeta (4th from left) and DPA President Sorasit Soontornkes (5th from left) shake hands after the signing the memorandum of understanding (MOU) that aims to address and mitigate risks in the global financial system as well as to respond to the need for international cooperation among financial safety-net players. Also present in the signing ceremonies are (L-R), PDIC Executive Vice President Imelda S. Singzon, PDIC Director Rogelio W. Manalo, PDIC Director Protacio T. Tacandong, DPA SVP Narida Sreshthaputra, DPA VP Chiranuwat Tanyacharoen and DPA Assistant VP Kaankorn Jakkrichkul.
Despite challenges brought about by congestion at the country’s largest ports, the Bureau of Customs (BOC) managed to improve revenue collections, setting a new record for the highest-ever single-month collection. The agency posted revenues of P34.16-Billion for the month of October 2014, up 22.6% versus the same month last year, driven by the continued growth in the volume and value of imports.
Read MoreThe Bureau of Internal Revenue (BIR) today filed two (2) separate criminal complaints with the Department of Justice against a delinquent taxpayer from Tuguegarao City for Willful Failure to Pay Taxes under the National Internal Revenue Code of 1997, as amended (Tax Code).
Read MoreThe Bureau of Internal Revenue (BIR) today filed separate criminal complaints with the Department of Justice against two (2) delinquent taxpayers from Malabon City and Valenzuela City for Willful Failure to Pay Taxes under the National Internal Revenue Code of 1997, as amended (Tax Code).
Read MoreThe Bureau of Internal Revenue (BIR) today filed a criminal complaint with the Department of Justice against RAYMOND ARROYO BABST (BABST) for Willful Attempt to Evade or Defeat Tax, and Deliberate Failure to File Income Tax Returns for taxable years 2009, 2010, and 2011, in violation of Sections 254 and 255 of the National Internal Revenue Code of 1997, as amended (Tax Code).
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