Various institutions led by the National Tax Research Center (NTRC) have expressed their support for a Department of Finance (DOF) proposal on the mandatory connection of point-of-sale (POS) machines of businesses to the Bureau of Internal Revenue (BIR) and the use of electronic receipts as part of the tax administration reforms under the Comprehensive Tax Reform Program (CTRP) to improve collection efficiency.
Read MoreBIR still determining Mighty’s tax deficiencies
Read MoreFinance Secretary Carlos Dominguez III said he is “pretty sure” that the Bureaus of Customs (BOC) and of Internal Revenue (BIR) could attain their respective collection targets for this year, given their solid performance in 2016 and at the onset of 2017.
Read MoreA new revenue regulation (RR) to be issued by the Department of Finance (DOF) and the Bureau of Internal Revenue (BIR) now makes banks, rather than the taxpayer, liable for delays in, or non-remittance of, taxes paid through credit, debit or prepaid cards.
Read MoreThe Bureau of Internal Revenue (BIR) posted a 15 percent revenue collection increase to P157.3 billion in November from its year-ago performance.
Read MoreThe government will never hit, much less surpass, its annual collection targets unless it indexes taxes to inflation and modernize fiscal incentives given to certain industries that account for over P100 billion in foregone revenues, according to Finance Undersecretary Karl Kendrick Chua.
Read MoreFinance Secretary Carlos Dominguez III has vowed to work closely with the Bureau of Internal Revenue (BIR) as it takes on the noble task of ensuring the financial sustainability of the Duterte administration’s ambitious program to keep up the country’s growth streak while bringing poor and underprivileged Filipinos to the economic mainstream by way of unmatched investments in education and health care.
Read MoreAnother P1-million cash reward has been offered to anyone who can provide information leading to the arrest of the persons behind the murder this time of Bureau of Internal Revenue (BIR) Regional Director Jonas Amora, the Department of Finance (DOF) said today.
Read MoreSeparate teams from the Bureau of Customs (BOC) and of Internal Revenue (BIR) have seized fake cigarettes worth over P1 billion, fake tax stamps worth approximately P175 million in taxes, along with raw materials, machines for cigarette manufacturing and other paraphernalia in separate raids in Pangasinan, Pampanga and Bulacan.
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