THE Philippines will not be imposing new taxes until next year, Finance Secretary Ralph Rector said yesterday as the Commission on Appointments (CA) confirmed him as the country’s Finance chief. Recto told the CA finance committee that the government is pursuing only tax measures that “are already in the advance stages in Congress” and made the assurance that there will be no new tax measures until at least next year.

The Bureau of Internal Revenue (BIR) is developing a new electronic no-contact audit procedure to maximize tax payment compliance and reduce the incidence of corruption.

It’s unfortunate the restriction on the movement of people began in the middle of March (or the first quarter), which is the traditional period for the filing of income tax returns, audited financial statements and other papers with government regulatory agencies, e.g., Bureau of Internal Revenue.

Online sellers earning less than P250,000 a year would not have to pay income tax, the Bureau of Internal Revenue (BIR) said Wednesday, June 17, as it defended its circular reminding the group to register and pay tax.

The Bureau of Internal Revenue (BIR) said yesterday that the estimated six million big and small online sellers of goods and services are required to register at the nearest district office on or before July 31.