Taxes work to the benefit of the community, to the taxpayers themselves, and ultimately contributing to nation-building.
The Philippines has become the 68th signatory to the Organization for Economic Cooperation and Development (OECD) Convention on Mutual Administrative Assistance in Tax Matters (MAC). Bureau of Internal Revenue (BIR) Commissioner Kim Jacinto Henares, with special authority from the Office of the President, signed the agreement in Paris last Friday.
The Revenue Integrity Protection Service (RIPS) has achieved its highest performance in its 11-year history. A marked improvement in 2014 with 85 investigations initiated over the eight-month period from January to August represents a 45% increase compared to the previous highest record of 58 attained in 2013.
For the month of August 2014, the BIR collected P127.56 billion in tax revenues, P9.45 billion or 8.01% more than collections made in August 2013.
The Bureau of Internal Revenue (BIR) is reminding the business, banking and financial sectors that only bank deposits and government securities are subject to the provisions of the bank secrecy law.
The Bureau of Internal Revenue (BIR) is reminding once again all importers and customs brokers that July 31, 2014, is the deadline for them to comply with accreditation requirements of the tax agency.
For the month of June 2014, the Bureau of Internal Revenue collected P94.12 billion in tax revenues, P5.36 Billion or 6.04% more than collections made in June 2013. For June 2014, collections from BIR operations amounted to P91.63 Billion, P5.35 Billion or 6.20% more than collections made in June 2013. Collections from non-BIR operations amounted to P2.49 Billion, P12.85 Million or or 0.52% more than the collections made in June 2013.
The Bureau of Internal Revenue (BIR) today filed a criminal complaint with the Department of Justice against DG Cold Chain Distributors, Inc. (DG Cold Chain), together with its responsible corporate officers. This case is the 263rd filed under the RATE program of the BIR under the leadership of Commissioner Kim S. Jacinto-Henares. It is likewise a RATE case of Revenue Region No. 7, Quezon City.
The Bureau of Internal Revenue (BIR) today filed a criminal complaint with the Department of Justice against PHD MEDIA NETWORK 2006, INC. (PMNI), together with its responsible corporate officers – President/Chief Executive Officer Herminia De Leon, and Chief Financial Officer/Treasurer Rowena M. Nardo – for willful attempt to evade or defeat tax, and for deliberate failure to supply correct and accurate information in its income tax returns (ITRs) and value added tax (VAT) Returns for taxable years 2009, 2010 and 2011, in violation of Sections 254 and 255, in relation to Sections 27, 105, and 256, of the National Internal Revenue Code of 1997, as amended (Tax Code).
The Bureau of Internal Revenue (BIR) today filed separate criminal complaints with the Department of Justice against two (2) delinquent taxpayers – one individual and one corporate (including its responsible corporate officer) – for Willful Failure to Pay Taxes under the National Internal Revenue Code of 1997, as amended (Tax Code).