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Marcos orders crackdown on tobacco, vape smuggling
President Marcos has directed the customs and internal revenue bureaus to enhance their efforts against the smuggling of tobacco and vape products, during a meeting that tackled measures aimed at protecting the Philippines’ tobacco industry......»»
The challenges and opportunities of listing bonds in the Philippines
It is definitely much easier for Philippine Stock Exchange-listed companies to list on the bond exchange, because the internal corporate clean-up and housekeeping that companies undergo before listing on the PSE already suffice as prerequisites to listing on the bond exchange. Similarly, the public disclosures made by PSE-listed entities already satisfy the PDex-imposed requirements before a company can list on the bond exchange......»»
Internal revenue stamps for vape products mandatory by June
Bureau of Internal Revenue Commissioner Romeo Lumagui Jr. reminded the public that internal revenue stamps will be mandatory for all imported and locally manufactured vape products in the market by June 1, 2024, as stated in Revenue Memorandum Circular 59-2024......»»
Philippines denies any deal with China on Ayungin Shoal in South China Sea
Manila [Philippines], April 27 (ANI): The Philippines Department of National Defence (DND) has completely rejected China's claims of having any internal agreement on the Ayungin Shoal, Philippine News Agency quoted Philippines Defence Secretary Gilberto Teodoro Jr as saying. In a statement released on Saturday, Gilberto Teodoro Jr rejected the claims of Chinese officials about two new deals with the Philippines in 2023 to.....»»
Gibo denies China claim on Ayungin deal
Defense Secretary Gilbert Teodoro Jr. has again clarified that there is no internal or gentleman’s agreement between the Philippines and China on the Ayungin Shoal, particularly on the fate of the BRP Sierra Madre......»»
MCWD water deficit now affects 50,000 households in Metro Cebu
CEBU CITY, Philippines – As the internal political strife surrounding the Metropolitan Cebu Water District or MCWD continues, the shortage of water faced by residents has also persisted. Currently, the water deficit in the MCWD has now reached 50,000 cubic meters per day. This equates to 50,000 households experiencing water supply issues, with each household.....»»
Mga influencer, online seller yari sa BIR
Muling nagpaalala ang Bureau of Internal Revenue sa mga social media influencer at online seller na magbayad ng buwis upang hindi makasuhan ng gobyerno. The post Mga influencer, online seller yari sa BIR first appeared on Abante......»»
BIR-Davao urges taxpayers to file ITR before deadline
BUREAU of Internal Revenue-Davao Region (BIR-Davao) calls on taxpayers to file their income tax returns (ITR) and not wait for the deadline which would be this coming April 15, 2024......»»
Vape products found with P151 million tax deficiencies
More vape products are found evading tax liabilities of around P151 million as the Bureau of Internal Revenue ramps up its enforcement activities......»»
Reclaiming compromise payments
In the context of tax assessments, the Bureau of Internal Revenue offers remedies for taxpayers with assessed deficiency taxes......»»
Digital TIN IDs issued reaches 100,000
he Bureau of Internal Revenue has issued 100,000 tax identification number IDs in digital form as more Filipinos opt out from lining up at district offices......»»
Reflecting on Your Business Setbacks
Challenges are an inevitable part of any endeavor, especially a business one. From unforeseen economic shifts to internal operational hurdles, every business owner will inevitably face obstacles that test their resolve. As we live in a fast-paced world, we sometimes forget about looking back, and what better time to do it than the Holy Week? […].....»»
BIR attempts ‘friendly’ tack
February is not just the love month, it also marks the start of a yearlong campaign for the Bureau of Internal Revenue (BIR) to encourage the public to pay their tax obligations. After all, collecting P3.05 trillion is no easy task......»»
BIR eyes P325 billion from excise taxes
The Bureau of Internal Revenue targets to collect higher excise taxes of up to P325 billion this year as the government moves to improve the regulatory environment and address the still rampant illicit trade......»»
NEWS BRIEFS | 06 March 2024
6 Army engineering battalions harnessed for combat CAGAYAN DE ORO (MindaNews / 06 March) – The Philippine Army activated six reorganized engineering battalions into combat units as the Armed Forces of the Philippines shifts its attention from internal to territorial defense. The engineering battalions are currently deployed around Marawi City, helping in the rehabilitation and […].....»»
Digital times call for digital measures
The Bureau of Internal Revenue has recognized the undeniable rise of digital commerce in the Philippines by promulgating Revenue Regulation16-2023, issued on Dec. 21, 2023, and Revenue Memorandum Circular 08-2024, issued on Jan. 15, 2024, respectively......»»
Women lawmakers to preside over today’s House session
Women officials and members of the House of Representatives will be presiding over today’s session, in celebration of Women’s Month and in accordance with the internal rules of the chamber......»»
Google CEO Admits AI Model ‘Biased’
Google Chief Executive Officer Sundar Pichai acknowledged that the company’s artificial intelligence (AI) model, Gemini, generated biased content, including images depicting historical figures from diverse ethnicities and genders. This comes as he addressed the issues in an internal memo, stating that such outputs are “unacceptable” and that the company is actively working on improvements. “I […].....»»
BIR doubles down on vape industry
The Bureau of Internal Revenue is ramping up efforts to monitor the vape industry after scoring a major win in a P1.2-billion tax evasion case......»»
Extortionist nabbed, charged with estafa in Mandaue
CEBU CITY, Philippines – A 53-year-old extortionist was arrested and charged with estafa for extorting money from old female victims by pretending to have personal connections at the Bureau of Internal Revenue in Mandaue City, Cebu. After one of her victims sought the help of authorities, the woman was arrested during an entrapment operation on.....»»