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MANILA, Philippines More medicines for treating cancerdoubleu casino, diabetes and mental health conditions are now exempted from the 12% value-added tax (VAT). The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular 131-2024 on Dece
MANILA, Philippines The Bureau of Internal Revenue (BIR) has confiscated 11.5 million packs of illicit cigarettes with an estimated tax deficiency of P8.54 billion. The BIR simultaneously raided a factory in Bulacan and three warehouses in Valenzuel
Online shopping /INQUIRER.net Stock Photo Amid the anticipated increase in revenues this coming Christmas season, the Bureau of Internal Revenue (BIR) issued a warning to online marketplaces to pay the right taxes, saying that they are closely monit
MANILA, Philippines – The Bureau of Internal Revenue (BIR) will closely monitor the tax compliance of online marketplaces and online sellers during the holiday season, Commissioner Romeo Lumagui Jr. has said. In a statement Wednesday, Lumagui
MANILA, Philippines Counterfeit cigarettes valued at P2.4 billion were confiscated when authorities raided a factory and warehouses being operated by Chinese nationals in Valenzuela City and Bulacan on Wednesday. Armed with a mission order from the
A statement issued at the start of the week announced that the Bureau of Internal Revenue was teaming up with the Anti-Money Laundering Council to boost the campaigns against tax evasion and money laundering. This is a welcome development, although
MANILAgg777, Philippines After the President signed a law imposing a 12 percent value-added tax (VAT) on foreign digital services providers (DSPs) such as Netflix, Spotify, and Google, among others, it is now up to these companies to decide whether
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