The Bureau of Internal Revenue has shrugged off the complaints of businessmen on the use of a new set of receipts and will implement the appropriate regulation on July 1 as scheduled.
Private enterprises in the country are in an uproar over a directive from the Bureau of Internal Revenue for them to issue new receipts starting July 1 and for the steep penalties to be imposed
on those that will fail to comply.
The annual tax season made it for the Bureau of Internal Revenue as collections reached P149 billion in April, surpassing a month’s goal for the first time this year.
The climate is turning more benign in upscale Ayala Alabang and it has nothing to do with Pagasa’s announcement that the uber-sizzling summer is about to end.
Chinese-Filipino businessmen are still smarting from President Aquino’s allegations that some of its members have been evading taxes.
The Aquino administration will use the Bureau of Internal Revenue’s yearly lists of top taxpayers to sniff out tax cheats and as basis for the audit of suspected tax cheats.
A surge in the use of social media and other Internet services among Filipinos helped Smart Communications Inc. land in the No. 1 spot of the Bureau of Internal Revenue’s (BIR) list of Top 500 nonindividual taxpayers for 2011.
Show-business personality Kris Aquino, the youngest sister of President Aquino, has earned another distinction—being No. 1 on the Bureau of Internal Revenue’s (BIR) list of Top 500 individual taxpayers.
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.
Internal Revenue Commissioner Kim Henares has warned gasoline retailers buying smuggled petroleum products they will bear the brunt of a government investigation.
The head of the 207-member Federation of Filipino-Chinese Chambers of Commerce and Industry, Inc. (FFCCCII) has vowed to strongly support not only the government’s tax collection campaign but also President Aquino’s “Daang Matuwid” crusade.
Aside from the self-employed and professionals, the taxman will also keep a watchful eye on business owners who are engaged in high-traffic operations and those that involve expensive goods.
