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BIR collections rise by 22.87%

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bir building

Tax collections of the Bureau of Internal Revenue (BIR) last September jumped by over a fifth year on year and exceeded its monthly target mainly on the back of a bigger haul from large taxpayers.

Posted: October 17th, 2014 in Latest Business Stories | Read More »

Higher tax collections trimmed deficit in Aug.

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Finance Secretary Cesar Purisima. INQUIRER FILE PHOTO

A higher budget surplus of P29.9 billion was posted in August, which helped slash the deficit to P25.9 billion during the first eight months, the Department of Finance (DOF) reported on Thursday.

Posted: September 26th, 2014 in Latest Business Stories | Read More »

Customs take up but still short of target

Reforms at the Bureau of Customs (BOC) continued to pay off as revenues for May rose by over a tenth, despite a drop in the value of goods imported by the country.

Posted: June 20th, 2014 in Headlines | Read More »

CA dismisses Shell’s libel complaint vs Customs collector over firm’s taxes

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SHELL BULLISH  Royal Dutch Shell, through its upstream unit Shell Philippines Exploration BV, is poised to invest another $1 billion to increase the production of the Malampaya deepwater gas-to-power project off Palawan. Shell Philippines vice president for communication Roberto S. Kanapi said there are opportunities for investment and expansion, unlike in the past when the Philippines was placed on low priority.

The Court of Appeals has dismissed the petition filed by the Pilipinas Shell Petroleum Corp. that sought to prosecute for libel a Bureau of Customs port collector who said the oil firm owed the government P7.34 billion in back taxes.

Posted: October 20th, 2013 in Latest Business Stories | Read More »

Chinese-Filipino traders may stop school program after tax evasion allegations

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filipino-chinese-chamber

Chinese-Filipino businessmen are still smarting from President Aquino’s allegations that some of its members have been evading taxes.

Posted: May 2nd, 2013 in Latest Business Stories | Read More »

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