By Tarra Quismundo
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.
By Jerome Aning
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.
By Michelle V. Remo
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.
By Francis Lim
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.
By Christine O. Avendaño
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.