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SC stops BIR on ‘alphalist’ disclosure

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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 on Tuesday stopped the Bureau of Internal Revenue (BIR), the Department of Finance (DOF) and the Securities and Exchange Commission (SEC) 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.

Posted: September 10th, 2014 in Editor's Pick,Featured Gallery,Headlines,Photos & Videos | Read More »

BIR goes after coffee firm for P10B

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The Bureau of Internal Revenue AFP FILE PHOTO

The Bureau of Internal Revenue (BIR) on Thursday filed a complaint with the Department of Justice against the distributor of a popular coffee product and its retailer for failing to pay taxes amounting to almost P10 billion.

Posted: July 18th, 2014 in Latest Business Stories | Read More »

BIR zeroes in on big corporate taxpayers’ record

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The Bureau of Internal Revenue AFP FILE PHOTO

The Bureau of Internal Revenue (BIR) said less than half of the biggest corporate entities in the country did not make it to the list of top taxpayers.

Posted: March 20th, 2014 in Latest Business Stories | Read More »

Taxpayers beware!

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By any standard, the tax problem of boxing icon Manny Pacquiao is the most popular tax case in the recent past. Not only does it involve a “National Treasure” (Pambansang Kamao); it also leaves people speculating on the timing of the freezing of Pacquiao’s assets, which was done virtually on the eve of his fight against Brandon Rios on Nov. 24.

Posted: December 12th, 2013 in Columnists,Inquirer Columns | Read More »

Looting losses tax deductible, says BIR chief

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Bureau of Internal Revenue Commissioner Kim Henares

Businesses which sustained losses from looting in the aftermath of Supertyphoon “Yolanda” can claim tax deductions on their income tax returns with the Bureau of Internal Revenue (BIR), Commissioner Kim Henares said on Thursday.

Posted: November 15th, 2013 in Latest Business Stories | Read More »

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