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Hearing set in Olarte case

Leo Olarte, M.D., PMA president. PHOTO from www.philippinemedicalassociation.org

The Department of Justice has set the preliminary investigation into the tax evasion complaint against outgoing Philippine Medical Association (PMA) president Leo Olarte on April 28.

Posted: April 16th, 2014 in Latest Business Stories | Read More »

BIR continues to miss collection target

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Collections of the Bureau of Internal Revenue (BIR) in March rose by nearly a tenth from a year ago but still fell short of the government’s goal despite aggressive campaigns against tax evaders. INQUIRER PHOTO / RICHARD A. REYES

Collections of the Bureau of Internal Revenue (BIR) in March rose by nearly a tenth from a year ago but still fell short of the government’s goal despite aggressive campaigns against tax evaders.

Posted: April 16th, 2014 in Editor's Pick,Featured Gallery,Headlines,Photos & Videos | Read More »

Biz Buzz: Looming upgrade

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It seems the folks over at the Civil Aviation Authority of the Philippines are expecting some good news to come out of Wednesday’s “validating visit” by inspectors of the US Federal Aviation Administration (FAA).

Posted: March 26th, 2014 in Headlines | Read More »

BIR zeroes in on big corporate taxpayers’ record

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Bureau of Internal Revenue building. INQUIRER 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 »

Tobacco war spreads into BIR, House

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The output by the manufacturing sector, including tobacco products, grew by another double-digit pace in September, indicating that the country was taking the crucial first steps toward industrialization. AFP FILE PHOTO

The Bureau of Internal Revenue (BIR) has placed the factory and warehouses of the Mighty Corp. cigarette company under 24/7 surveillance in response to allegations that the manufacturer is a smuggler and a tax evader.

Posted: March 15th, 2014 in Latest Business Stories | Read More »

Effective ‘shame’ campaign

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The advertisements the Bureau of Internal Revenue put out this week in some broadsheets accomplished their objective—they raised public awareness about the need to pay the right taxes.

Posted: March 7th, 2014 in Columnists,Inquirer Columns | Read More »

Large taxpayers said to operate below BIR radar

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The Department of Finance (DOF) said that, were it not for rampant tax evasion in the business sector, there would be more “large taxpayers” in the country, even double than that on the existing list.   Finance Secretary Cesar Purisima said that, at present, there were a little over 2,000 enterprises on the Bureau of [...]

Posted: February 28th, 2014 in Headlines | Read More »

BIR to audit real estate, construction companies

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AP FILE PHOTO

The Bureau of Internal Revenue has been tasked to conduct an audit of real estate and construction companies as weak tax collection from this sector elicited suspicions of rampant tax evasion.

Posted: February 27th, 2014 in Latest Business Stories | Read More »

Tax me notch

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Early this year, the Aquino (Part II) administration boasted about some minor “improvement” in its tax effort, noting that revenue hit 13.4 percent of the GDP last year, versus the target of 13.5 percent.

Posted: February 27th, 2014 in Columnists,Inquirer Columns | Read More »

BIR collections hit P1.217T last year

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Bureau of Internal Revenue building. INQUIRER FILE PHOTO

Collections by the Bureau of Internal Revenue (BIR) rose at a double-digit pace in 2013 compared to the previous year’s level in what officials credited to the anti-tax evasion drive and rising incomes resulting from economic growth.

Posted: February 20th, 2014 in Editor's Pick,Headlines | Read More »

Exercise tax

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There is a call in Congress for a review of the “sin tax” law, or RA 10351, imposed on cigarettes and liquor, signed into law by our dear leader Benigno Simeon (aka BS) in December 2012, in effect for just about a year now.

Posted: February 6th, 2014 in Columnists,Inquirer Columns | 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 »

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