Tag: Bureau of Internal Revenue
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January Sees Surge in Tax and Customs Revenue, Finance Secretary Applauds Efforts
In a notable financial uptick, the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC) reported increased collections for January 2025, according to the Department of Finance (DOF). The BIR’s collections soared to PHP350.6 billion, marking a 13.7% increase from the previous year’s January figures. Similarly, the BOC saw its collections rise by…
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Senator Urges Stronger Action Against Smugglers Amid Low Conviction Rates
In a recent Senate hearing, Senator Sherwin Gatchalian expressed frustration over the low rate of convictions for smuggling and illicit trade, urging the Department of Finance (DOF) and its agencies to enhance their efforts. Gatchalian emphasized the need for the DOF, along with the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC),…
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President Marcos Jr. Commits to Crack Down on Tax Evaders
In a resolute statement, President Ferdinand R. Marcos Jr. has pledged to ramp up the fight against tax evasion, ensuring that those who manipulate the tax system face consequences. Speaking at the launch of the 2025 National Tax Campaign in Manila, Marcos emphasized the importance of tax compliance for the country’s growth and development. Marcos…
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President Marcos Jr. Pledges Crackdown on Tax Evaders During National Tax Campaign Launch
In a resolute address at the launch of the 2025 National Tax Campaign, President Ferdinand R. Marcos Jr. declared a firm stance against tax fraud, promising to hold accountable those who manipulate the tax system. The event, coinciding with National Tax Awareness Month, saw Marcos urging Filipinos to embrace their tax obligations as a crucial…
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DOJ Charges Three Companies with 20 Counts of Tax Evasion
The Department of Justice has taken legal action against three companies, accusing them of deliberately using fraudulent methods to avoid paying taxes owed to the government. The charges, announced in a recent statement, include 14 counts against Total Metal Corporation, four against Equator Energy Corporation, and two against Limhuaco Metal Industrial Incorporated. These were lodged…
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Department of Justice Charges Three Companies with 20 Counts of Tax Evasion
The Department of Justice has taken legal action against three companies, accusing them of deliberately using fraudulent methods to avoid paying taxes owed to the government. The charges, which total 20 counts, were filed against Total Metal Corporation, Equator Energy Corporation, and Limhuaco Metal Industrial Incorporated at the Court of Tax Appeals on January 24,…
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Senator Gatchalian Proposes New Measures to Combat Illicit Trade of Cigarettes and Vaping Products
Senator Sherwin Gatchalian has announced his intention to introduce new strategies to tackle the illegal trade of cigarettes and vaping products, aiming to curb significant government revenue losses and mitigate health risks linked to smoking and vaping. The Bureau of Internal Revenue (BIR) has reported a projected revenue shortfall of PHP40 billion from 2021 to…
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Senator Gatchalian Proposes New Measures to Combat Illicit Trade of Cigars and Vaping Products
Senator Sherwin Gatchalian has announced his intention to develop strategies to tackle the illegal trade of cigarettes and vaping products, aiming to mitigate the government’s revenue shortfall and address the health hazards linked to smoking and vaping. According to data from the Bureau of Internal Revenue (BIR), the government anticipates a revenue loss of PHP40…
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Philippine Airlines Wins Court Battle for P1.95 Million Tax Refund
In a significant legal victory, the Court of Tax Appeals (CTA) in Manila has approved a petition from Philippine Airlines (PAL) to reinstate a 2014 decision that awarded the airline a refund of P1.95 million for mistakenly paid excise taxes from 2009. The CTA’s Third Division, in a ruling dated December 19, supported PAL’s argument…
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