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SC upholds tax refund for PAL

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PAL. FILE PHOTO

The Supreme Court has upheld the Court of Tax Appeals’ order for the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC) to refund to Philippine Airlines some P4.55 million in excise taxes that PAL had paid, under protest, in 2007 for its imported cigarette and liquor supplies for its international flights.

Posted: September 19th, 2014 in Latest Business Stories | Read More »

BIR collections rose by 8.01% in August

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Revenue Commissioner Kim S. Jacinto-Henares: Below-target collection AP FILE PHOTO

Collections of the Bureau of Internal Revenue (BIR) rose by 8.01 percent in August, although still short of its target for the month as the truck ban slashed profits of tax-paying companies.

Posted: September 17th, 2014 in Editor's Pick,Featured Gallery,Headlines,Latest Business Stories | Read More »

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 »

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