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BIR releases second ad on doctors evading taxes

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FILE PHOTO

As if taunting a group of medical practitioners that already has expressed anger over insinuations that their industry is packed with tax evaders, the Bureau of Internal Revenue has released another print advertisement on doctors.

Posted: March 12th, 2014 in Latest Business Stories | Read More »

Exiting the oldies

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There’s buzz within the Lucio Tan group of companies that the Kapitan may finally let go of overstaying senior citizens in the conglomerate’s plantilla to give way to new blood.

Posted: February 24th, 2014 in Headlines | Read More »

BIR checks taxes of Cedric Lee in wake of Navarro mauling controversy

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Cedric Lee. INQUIRER FILE PHOTO

First it was the National Bureau of Investigation. Now, it’s the Bureau of Internal Revenue (BIR) who is going after businessman Cedric Lee.

Posted: January 30th, 2014 in Latest Business Stories | Read More »

BIR seeks faster action on tax cases

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Internal Revenue Commissioner Kim Henares. INQUIRER FILE PHOTO

The Bureau of Internal Revenue has called for a speedy resolution of the cases it filed with the Department of Justice amid views that the slow progress of the cases was dragging the government’s anti-tax evasion drive.

Posted: January 17th, 2014 in Editor's Pick,Featured Gallery,Headlines,Photos & Videos | Read More »

BIR chief gets more powers

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Malacañang has ordered the transfer of the post-entry audit function of the Bureau of Customs (BOC) to a unit headed by Internal Revenue Commissioner Kim Henares.

Posted: December 31st, 2013 in Headlines | Read More »

Pacquiao still has to report income tax payments made in US — BIR

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pacquiao7-1

A tax treaty between the Philippines and another country, such as the United States, does not automatically free a Filipino who pays taxes to the US government from his tax obligation with the Philippine Bureau of Internal Revenue, according to BIR Commissioner Kim Henares.

Posted: November 26th, 2013 in Latest Business Stories | Read More »

Mighty as swell

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The little known Bulacan-based cigarette maker called Mighty Corp., owned and managed by the Wongchuking family, now faces fire from the Aquino (Part II) administration for alleged heavy smuggling and massive tax evasion.

Posted: November 25th, 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 »

Losses due to looters may be declared as income tax deductible—Henares

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BIR Commissioner Kim Jacinto-Henares. INQUIRER FILE PHOTO

Business establishments allegedly looted by some survivors of typhoon Yolanda may declare losses as deductible from their income taxes.

Posted: November 14th, 2013 in Latest Business Stories | Read More »

Sin tax sends premium brands beyond poor’s reach

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A vendor sells cigarettes at a supermarket in Quezon City. AFP FILE PHOTO

The enactment of the Sin Tax Reform Law pushed up the prices of cigarettes made by Philip Morris Fortune Tobacco Corp. (PMFTC)—the country’s largest tobacco firm—beyond the reach of those from the lower economic strata.

Posted: November 3rd, 2013 in Editor's Pick,Headlines,Latest Business Stories | Read More »

Elusive tax evasion cases

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Internal Revenue Commissioner Kim Jacinto-Henares was being nice when, in a recent interview by the Inquirer, she said too much stress on due process is derailing the Bureau of Internal Revenue’s efforts to go after tax evaders.

Posted: October 31st, 2013 in Columnists,Featured Columns,Inquirer Columns | Read More »

Kim Henares: We have yet to send one to jail

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BIR Commissioner Kim Jacinto-Henares. INQUIRER FILE PHOTO

No Filipino has ever been sent to jail for evading taxes. While at least one tax evader has been convicted with finality by the courts (that person is now a fugitive), no one has spent time behind bars for this crime that robs the country of much-needed resources for critical social services and easing poverty.

Posted: October 27th, 2013 in Editor's Pick,Headlines,Latest Business Stories | Read More »

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