BusinessWorld7d
Finance department bats for single tax rate on vapor products
THE DEPARTMENT of Finance (DoF) pushed for a single tax rate on Thursday on all types of nicotine and vapor products to ease the collection burden on the Bureau of Internal Revenue (BIR). “It is very ...
BusinessMirror9d
Guidelines in the availment of tax treaty relief
IN 2021, the Bureau of Internal Revenue issued Revenue Memorandum Order (RMO) 14-2021, updating the procedures in availing tax reliefs under tax treaties. The BIR modified the manner of confirming ...
Philippine Daily Inquirer24d
Prioritize tax measures
Revenue targets of the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC), the government’s main tax generators, will be increased by double-digit rates next year to help finance the ...
BusinessMirror14d
BIR tasked to determine automobile tax treatment
THE Bureau of Internal Revenue (BIR) will now determine whether automobiles will be fully exempted or subject to excise tax reductions.  This was after Finance Secretary Ralph G. Recto signed Revenue ...