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Paper trail on credit cards

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Acting on information received from confidential sources, the Bureau of Internal Revenue (BIR) recently filed tax evasion charges against a dentist who reputedly has celebrities for patients.

Posted: October 6th, 2014 in Columnists,Inquirer Columns | Read More »

BIR to appeal local court ruling exempting Filipino ADB employees from income tax

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Internal Revenue Commissioner Kim Henares. INQUIRER FILE PHOTO

The government shall appeal the Mandaluyong court ruling stating that Filipino employees of the Manila-based multilateral lender Asian Development Bank (ADB) are exempted from paying income taxes.

Posted: October 2nd, 2014 in Latest Business Stories | Read More »

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 »

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