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Japanese firms question BIR circular

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Japanese companies in the Philippines have urged the Bureau of Internal Revenue to “withdraw” a circular that adversely affects their right to negotiate for value added tax (VAT) refunds.

Posted: July 15th, 2014 in Headlines | Read More »

7 firms face tax evasion charges

Bureau of Internal Revenue. AFP PHOTO

The Bureau of Internal Revenue on Thursday filed charges against seven Metro Manila companies and 13 individuals for allegedly evading the payment of about P390 million in taxes.

Posted: July 4th, 2014 in Latest Business Stories | Read More »

Protecting sin tax gains

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Elated by the success of their hard-won campaign to overhaul the country’s excise tax system, civil society groups are now shifting gear from raising taxes on so-called “sin products” to ensuring proper collection and preventing tax evasion, particularly on cigarettes.

Posted: July 2nd, 2014 in Columnists,Featured Columns,Inquirer Columns | Read More »

SC stops BIR policy requiring dentists to declare fees to tax authorities

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Bureau of Internal Revenue. AFP PHOTO

The dentists joined the group of self-employed professionals covered by the Supreme Court’s restraining order against the implementation of the Bureau of Internal Revenue’s policy requiring professionals from disclosing their fees to tax authorities.

Posted: July 1st, 2014 in Latest Business Stories | Read More »

BIR keeping close watch on cigarette firms

Bureau of Internal Revenue. AFP PHOTO

The Bureau of Internal Revenue (BIR) is keeping close watch over local cigarette firms to ensure compliance to and payment of correct excise taxes.

Posted: June 26th, 2014 in Latest Business Stories | Read More »

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