taxes

BIR allows VAT refund before exporters’ zero rating 

The Bureau of Internal Revenue (BIR) has allowed qualified export-oriented enterprises (EOEs) to refund value-added…

VAT relief for system loss charges out by September

The Bureau of Internal Revenue (BIR) eyes the issuance of a circular removing value-added tax…

Higher tax on luxury goods, motor vehicles looms

The Department of Finance (DOF) is seeking to collect more from wealthy consumers through higher…

Marcos tax plan to cost gov’t P66B yearly

The Philippine government stands to forgo about P66 billion in revenue under President Marcos’ proposal…

Gov’t cuts ’26 target tax take to P4.44T

The Marcos administration has lowered its tax revenue target for 2026 as slower economic growth…

BIR topped revenue target anew in May

Tax collections of the Bureau of Internal Revenue (BIR) remained above target for a fifth…

PH, Japan update tax treaty

The Philippines and Japan have signed a renegotiated double taxation agreement, updating a decades-old treaty…

BIR says jackpot prizes subject to tax 

The Bureau of Internal Revenue (BIR) has issued a clarification saying that jackpot prizes from…

Fuel marking revenues climbed to P93B in Jan-April

The Bureau of Customs (BOC) boosted collections from its Fuel Marking Program (FMP) by nearly…

New rules make closing business easier–BIR

The Bureau of Internal Revenue (BIR) has issued new guidelines simplifying the closure of businesses…