The Bureau of Internal Revenue (BIR) today filed a criminal complaint with the Department of Justice against ENGINEER RUBEN UY YU (ENGR. YU) for willful attempt to evade or defeat payment of tax and for deliberate failure to supply correct and accurate information in his Income Tax Returns (ITR) for Taxable Years (TY) 2007 and 2008, in violation of Section 254 and Section 255 of the National Internal Revenue Code of 1997, as amended (Tax Code).Read More
Php 10 Million worth of various dried marine products declared as endangered species by the government like the Manta Ray and Sting Ray, which arrived at the Sub-Port of Manila North Harbor on board MV Princess of the South on August 12, 2012, were seized by Bureau of Customs officials after it was found to have been shipped from Cebu without the required transport clearance from the Bureau of Fisheries and Aquatic Resources (BFAR) in violation of Fisheries Administrative Order No. 193 and Republic Act 3550 or the Philippine Fisheries Code of 1998.Read More
Q1-Q3 deficit lower than program by P77.281 billion
“THE GOVERNMENT as of end of third quarter raked in P1.119 trillion in revenues and spent P1.225 trillion, registering a P106.062 billion deficit. This is P77.281 billion lower or 42% less than the program deficit of P183.343 billion, Treasury data show.
Q1-Q3 deficit lower than program by P77.281 billionRead More
24 October 2012 , Manila, Philippines: The January to September fiscal deficit of the National Government reached P106.062 billion, P77.281 billion lower than the programmed ceiling of P183.343 billion. The National Government registered a deficit in September amounting to P34.854 billion.Read More