We’re sharing a news update from the Bureau of Internal Revenue (BIR) to help businesses stay informed of recent changes in tax procedures. The BIR has announced a significant update…
The Department of Finance (DOF) has officially withdrawn its proposed measure to increase taxes on capital gains, donor’s, and estate transfers from 6% to 10%. According to Albay 2nd District…
BIR Sticks to P3.23T Revenue Target for 2025 Despite Global Trade Risks MANILA — The Bureau of Internal Revenue (BIR) is holding firm on its P3.23 trillion tax collection target…
More Taxpayers Turn to Online ITR Filing; BIR Optimistic About 2025 Revenue Goal MANILA — A growing number of taxpayers in the Philippines are choosing to file their Income Tax…
The Department of Justice (DOJ) has announced that a major cosmetics company will face tax evasion charges after the Bureau of Internal Revenue (BIR) filed a complaint for unpaid taxes. …
Foreign tourists visiting the Philippines will soon enjoy a more rewarding shopping experience. Under Republic Act No. 12079, the Philippine government has approved the VAT Refund Program for Non-Resident Tourists,…
The Bureau of Internal Revenue (BIR) has formed a special task force to audit social media influencers and content creators for their tax obligations. This move comes after requests from…
The Bureau of Internal Revenue (BIR) is urging taxpayers to file their 2024 Annual Income Tax Returns (AITR) ahead of the April 15, 2025 deadline to avoid penalties. Emphasizing the…
The Department of Justice (DOJ) and the Bureau of Internal Revenue (BIR) have intensified their crackdown on tax evasion, targeting companies that manipulate tax records using ghost receipts and fraudulent…
The Bureau of Internal Revenue (BIR) launched the Tax Compliance Verification Drive (TCVD) from February 10 to 14, 2025, in line with the Tax Awareness Month. The goal of this…