Small price for unpopularity
By Raul J. PalabricaThe Bureau of Internal Revenue strictly enforced last Monday’s deadline for filing individual income tax returns.
The Bureau of Internal Revenue strictly enforced last Monday’s deadline for filing individual income tax returns.
Internal Revenue Commissioner Kim Henares on Thursday warned gasoline retailers not to buy smuggled petroleum products because they will bear the brunt of a government investigation. She said if government could not catch the oil smugglers, it would go after those selling smuggled oil.
Internal Revenue Commissioner Kim Henares has warned gasoline retailers buying smuggled petroleum products they will bear the brunt of a government investigation.
The head of the 207-member Federation of Filipino-Chinese Chambers of Commerce and Industry, Inc. (FFCCCII) has vowed to strongly support not only the government’s tax collection campaign but also President Aquino’s “Daang Matuwid” crusade.
The Bureau of Internal Revenue (BIR) filed a tax evasion case, on Thursday, against a gold trader who under-declared his income from 2006-2009, the period where he sold gold and silver to the Bangko Sentral ng Pilipinas (BSP) worth P872.68 million.
A controversy arose over the recent pronouncement of Internal Revenue chief Kim Henares that Christmas bonuses would be subject to withholding tax.
MANILA, Philippines—The Bureau of Internal Revenue is confident its tax collection this year will, for the first time, surpass the P1-trillion mark. Revenue Commissioner Kim Henares told reporters Thursday that preliminary estimates had shown that the agency was on track to generating more than P1 trillion in taxes this year. “We will exceed [...]
Gold sellers are actually paying less taxes than they should, according to chief revenue commissioner Kim Henares.
Finance Secretary Cesar Purisima and Bureau of Internal Revenue Commissioner Kim Henares denied on Wednesday that they favored the House of Representatives’ version of the sin tax bill that imposed much less taxes on beer and alcohol, as alleged by Sen. Ralph Recto.
Internal Revenue Commissioner Kim Henares remains confident the Department of Finance-backed version of the “sin” tax bill would be passed and enacted into law despite a Senate version that halved the expected tax take.
Individuals may already apply for tax identification numbers (TINs) online by 2013, BIR Commissioner Kim Henares said during the Philippine Economic Briefing held Monday at the Philippine International Convention Center.
The Bureau of Internal Revenue said the April 16 deadline for the filing of income tax returns would not be extended, saying those who failed to meet the deadline should prepare to pay the penalties.
