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BIR
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Gov’t Not Proposing Any New Taxes Until Next Year
Gov’t Not Proposing Any New Taxes Until Next Year
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.
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Published at 2024-03-14 by Puerto Parrot
Categories: News and Events, Politics
Tags: BIR, government
BIR to Adopt New Electronic Audit System
BIR to Adopt New Electronic Audit System
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.
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Published at 2020-12-03 by Puerto Parrot
Categories: Business, Legal, Technology
Tags: BIR, System
Relaxed Regulatory Compliance
Relaxed Regulatory Compliance
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.
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Published at 2020-06-30 by Puerto Parrot
Categories: Business, Legal, News and Events
Tags: BIR, COVID-19, government
BIR: Online Sellers Earning Less Than P250,000 a Year Won't Be Taxed
BIR: Online Sellers Earning Less Than P250,000 a Year Won't Be Taxed
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.
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Published at 2020-06-17 by Puerto Parrot
Categories: Business, Legal, News and Events, Technology
Tags: BIR
Online Sellers Required to Register Before July 31
Online Sellers Required to Register Before July 31
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.
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Published at 2020-06-17 by Puerto Parrot
Categories: Business, Legal, News and Events, Technology
Tags: BIR