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Fear factory

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Only last month, when the Bureau of Internal Revenue (BIR) missed its collection target for August by some 10 percent, or by more than P14 billion, BIR Commissioner Kim Henares reportedly heaped the blame on the congestion at the Port of Manila.

Posted: September 22nd, 2014 in Columnists,Inquirer Columns | Read More »

SC stops BIR from implementing ‘alphalist’ memo

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The Supreme Court on Tuesday stopped the Bureau of Internal Revenue, the Department of Finance and the Securities and Exchange Commission from requiring firms to disclose an alphabetical list (alphalist) of investors who receive income payments and dividends, a regulation that has stirred concerns of capital flight and its crippling effects on the economy.  INQUIRER FILE PHOTO

The Supreme Court stopped the Bureau of Internal Revenue from enforcing its regulations requiring business, banking and financial sectors to submit an alphabetical list (alphalist) of portfolio investors receiving income payments and dividends.

Posted: September 9th, 2014 in Latest Business Stories | Read More »

Groups ask SC to stop new BIR regulation on stock payments, others

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The Supreme Court  building PHOTO BY NIÑO JESUS ORBETA

Business, banking and financial sectors on Thursday asked the Supreme Court to stop the implementation of a Bureau of Internal Revenue Regulation requiring the disclosure on stock payments, dividends and details about investors.

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

Pacquiaos ask SC to stop tax court

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Manny and Jinkee Pacquiao File Photo by Elton Lugay

World boxing champ and Saranggani Rep. Manny Pacquiao and his wife Jinkee have asked the Supreme Court to stop the Court of Tax Appeals (CTA) from requiring them to deposit a cash bond of P3.29 billion or a surety bond of P4.94 billion as a condition to suspend the collection of their alleged tax deficiencies in 2008 and 2009.

Posted: August 16th, 2014 in Latest Business Stories | Read More »

BIR exceeded collection target in July

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The Bureau of Internal Revenue AFP FILE PHOTO

“Sheer hard work” drove tax collections in July past the state’s ambitious tax target for the first time this year, Revenue Commissioner Kim Jacinto-Henares said on Thursday.

Posted: August 15th, 2014 in Editor's Pick,Headlines | Read More »

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