Bong Go appeals for extension of tax deadline

Credit to Author: Javier J. Ismael| Date: Wed, 18 Mar 2020 03:30:44 +0000

SEN. Christopher Lawrence “Bong” Go appealed to the Department of Finance (DoF) and the Bureau of Internal Revenue (BIR), to extend the deadline for the filing of Annual Income Tax Returns (ITRs). Go made the appeal after the BIR released last Monday Revenue Memorandum Circular 25-2020, which states that the “filing shall still be done […]

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Cigarette makers paid P148B in excise taxes in 2019

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Tue, 25 Feb 2020 16:53:10 +0000

EXCISE tax payments of cigarette manufacturers rose last year, accounting for more than half of the government’s total sin tax collections, data from the Department of Finance (DoF) showed. The Bureau of Internal Revenue (BIR) collected P147.5 billion in ‘sin’ taxes from cigarette products in 2019, up 8 percent from the P136.5 billion collected a […]

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Recreational club fees not subject to taxes – SC

Credit to Author: acerojano| Date: Thu, 15 Aug 2019 14:37:52 +0000

MANILA, Philippines – The Supreme Court has ruled that membership fees, assessment dues and other fees collected by clubs organized for “pleasure, recreation and other non-profit purposes” are not subject to income and value-added taxes. In a decision by the high court’s 2nd division, it set aside the ruling of the Makati City Regional Trial […]

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Foreigners asked to secure TIN before applying for work visa for proper tax collection

Credit to Author: The Manila Times| Date: Thu, 11 Jul 2019 07:02:05 +0000

PROSPECTIVE foreign workers in the Philippines are required to first secure a tax identification number (TIN) before applying for a work visa to ensure that the Bureau of Internal Revenue…READ

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BIR to Pogo firms: Pay P4.4-B unpaid taxes of Chinese workers

Credit to Author: clopez| Date: Fri, 24 May 2019 21:34:53 +0000

The Bureau of Internal Revenue (BIR) on Friday ordered Philippine offshore gaming operators (Pogo) to pay the P3.4 billion

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Scrap 5% tax, teachers ask BIR anew

Credit to Author: besguerra| Date: Sun, 05 May 2019 23:22:14 +0000

MANILA, Philippines — One week before the midterm polls, public school teachers are calling on the Bureau of Internal Revenue (BIR) to scrap the 5-percent tax it began imposing last year on compensation given to teachers with election duties.

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Amnesty for tax delinquents effective on April 24

Credit to Author: The Manila Times| Date: Tue, 09 Apr 2019 06:07:07 +0000

AMNESTY for delinquent taxpayers will be implemented on April 24 following the publication of implementing rules and regulations (IRR) on Tuesday by the Department of Finance (DoF). Signed by Finance…READ

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BIR officer, two others collared for extortion — NBI

Credit to Author: kadraneda| Date: Mon, 25 Mar 2019 10:28:20 +0000

A BIR officer and two others were arrested in an entrapment operation in Plaridel, Bulacan on March 21, the NBI said Monday.

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