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BIR exceeds April collection target
Manila :: Philippines | 11 hours ago
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The BIR operations target of P138.8 billion for April 2013 was exceeded by 4.93 percent. Collections from non-BIR operations was P3.35 billion, up 19.87 percent year-on-year. The agency continued to post double-digit gainsbooked under
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BIR warns candidates of possible tax probe
Manila :: Philippines | 4 days ago
Credibility
In an interview with reporters, Henares said the BIR would be reviewing the Statement of Expenditures that the candidates for the 2013 elections would be filing with the Commission on Elections, as well as the amount of donations they received for
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BIR sues corrugated box trader, employee who bought P20-M Lamborghini coupe
Manila :: Philippines | 4 days ago
Credibility
Norsophil Metal withheld and remitted his income taxes in all the years he was employed with the company for 2003, 2004, 2006 and 2007, the bureau noted. Prior to his work at Norsophil Metal, Villapando failed to file any income tax return from
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BIR sets new rules on compromise settlements
Manila :: Philippines | 5 days ago
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The BIR allows taxpayers to pay compromise penalties, in lieu of criminal prosecution, for various violations of the Tax Code. These include the failure to register with the bureau and the late filing and payment of taxes, among others...In the 2002
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Revenue agencies told to curb gold smuggling
Manila :: Philippines | 8 days ago
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PhilippinesThe Department of Finance wants its two attached agenciesthe Bureau of Internal Revenue and the Bureau of Customsto curb the smuggling of gold out of the country and boost tax collection from the sale of the precious metal. Finance
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What Went Before: Corona tax evasion case
Manila :: Philippines | 18 days ago
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PhilippinesOn August 30, 2012, the Bureau of Internal Revenue filed a P150-million tax evasion case against former Chief Justice Renato Corona, his daughter Maria Carla and her husband Constantino Castillo III. The BIR complaint, filed in the
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BIR issues new tax rules
Manila :: Philippines | 19 days ago
Credibility
Bureau of Internal Revenue (BIR) said. Revenue Regulations (RR) 7-2013, dated April 29 and published yesterday, provides guidelines for the abatement of applicable surcharges, interest, and compromise penalties for the filing of tax returns.
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Big stars not always on top taxpayers list
Manila :: Philippines | 22 days ago
Credibility
Just because they're bankable doesn't mean they always get top-billing on the taxpayers list. Fourteen show biz personalities, led by TV host Kris Aquino, made it to the Bureau of Internal Revenue's (BIR) 2011 list of Top 500 individual taxpayers.
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BIR slaps P13M tax evasion raps vs suppliers of DENR, DOT
Manila :: Philippines | 1 month ago
Credibility
In a complaint filed against the DOJ in Manila, the BIR accused Gary San Diego and Irene San Diego, owners of Algamara Construction Co, of perjury, attempting to evade taxes, and failure to supply the BIR with correct and accurate information in the
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BIR explains why Forbes richest Filipinos not among top taxpayers
Manila :: Philippines | 1 month ago
Credibility
Who's missing are whom one would expectthe country's richest individuals. Or at least those named by Forbes Magazine on their widely circulated annual list of wealthiest Filipinos. In fact, none of the so-called "taipans," mostly Chinese-Filipino
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