The Bureau of Internal Revenue has issued new rules meant to deter the untaxed selling of gold that are usually carried out through hotels, with the buyers inviting sellers through newspaper advertisements.
The Bureau of Internal Revenue raised P244.1 billion in the first quarter, representing a jump of 6.6 percent year-on-year but short by 4.8 percent against the target for the period.
One of the very first directives that President Benigno Aquino III issued to revenue-generating agencies when he assumed office in 2010 was for them to stamp out tax evasion and smuggling.
The Bureau of Internal Revenue has required banks authorized to collect taxes on behalf of the government to extend their operating hours and increase their personnel to accommodate tax payments from the public as the April 15 deadline for the filing of income tax returns draws near.
The taxman is closely watching the self-employed and professionals who are paying taxes at “ridiculously low” amounts as well as those who do not pay at all nor even register with the Bureau of Internal Revenue.
The Bureau of Internal Revenue collected P1.058 trillion in 2012, missing its target by P8 billion.
The Bureau of Customs must step up collaboration with counterparts from other countries to reconcile the disparities between records in the traffic of goods, according to Finance Secretary Cesar V. Purisima.
A group of manufacturers of alcoholic beverages has asked the courts to stop the Department of Finance and Bureau of Internal Revenue from implementing a new regulation that purportedly taxes both raw materials and the finished product, resulting in double taxation.
A group of shareholders have asked the Securities and Exchange Commission and the Bureau of Internal Revenue to recall their orders that led to the suspension of trading of the shares of seven listed companies.
Smokers who patronize lower-priced cigarette brands will have to pay more to get their fix starting next week as the Bureau of Internal Revenue has issued new rules on the implementation of revised excise tax rates under the sin tax reform law.
The single biggest stockholder of Victorias Milling Corp. unloaded its 24-percent interest in the sugar firm last Friday, possibly cashing out ahead of further tariff cuts under the Asean Free Trade Agreement (Afta). No, it’s not the Lucio Tan group but a foreign fund named CVI GVF Lux Masters, which has a more substantial (compared [...]
Gold sellers are actually paying less taxes than they should, according to chief revenue commissioner Kim Henares.
