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 ...
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 ...
BusinessWorld1d
Senate urged to raise taxes to cut Filipinos’ tobacco use
THE GOVERNMENT should raise taxes on tobacco and vape products to cut their use by Filipinos, according to the Action on Smoking & Health (ASH) Philippines. “The buying capacity of Filipinos has ...
BusinessMirror10d
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 ...
BusinessMirror15d
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 ...