BIR: Investments are not subject to the bank secrecy law, only bank deposits and government securities

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.


BIR collection for June 2014 grew by P5.36 billion

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.


Nestle products distributor canned with tax evasion

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.


BIR sues advertising company for tax evasion

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).


Delinquent retailer and general construction company charged with tax evasion

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).


Philippine Canine Club leashed with tax evasion

The case against PHILIPPINE CANINE CLUB, INC., and its responsible corporate officers is the 256th 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.