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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 »

A legal confrontation on RR 1-2014 in the offing?

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On December 17, the Department of Finance (DOF) and Bureau of Internal Revenue (BIR) issued Revenue Regulation No. 1-2014 which took effect last Jan. 1.

Posted: July 10th, 2014 in Columnists,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 »

Gov’t posts rare budget surplus in May

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AFP FILE PHOTO

The government posted a rare budget surplus in May, raising fears that the expected boost in economic growth from higher public spending could come too late in the year.

Posted: June 27th, 2014 in Headlines,Latest Business Stories | Read More »

Condo association dues subject to VAT—BIR

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Bureau of Internal Revenue. AFP PHOTO

Association dues paid by residents of condominiums are still subject to value added tax (VAT), noting that recent rules on the issue remain valid, according to the Bureau of Internal Revenue (BIR).

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

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