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Despite fines, no case filed vs Mighty Corp.

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mighty-cigarettes

Nearly a year after a Department of Finance (DOF) task force questioned Mighty Corp., the country’s oldest cigarette manufacturer, for alleged technical smuggling and tax evasion that resulted in huge revenue losses for the government, not a single illicit trade practices-related case has been filed against the firm.

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

BIR files cases vs 3 Manila firms, Agusan del Sur gold trader for P75M tax deficiency

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bir building

The Bureau of Internal Revenue (BIR) filed on Thursday, separate tax evasion charges at the Department of Justice against traders based in Manila and Agusan del Sur for allegedly failing to pay more than P75 million in taxes.

Posted: November 6th, 2014 in Latest Business Stories | Read More »

Taxes may be paid with credit cards, if House bill passes muster

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credit cards

A bill has been filed in the House of Representatives allowing the use of credit or debit cards in paying taxes to encourage more Filipinos to meet their tax obligations.

Posted: October 31st, 2014 in Latest Business Stories | Read More »

BIR to appeal local court ruling exempting Filipino ADB employees from income tax

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Internal Revenue Commissioner Kim Henares. INQUIRER FILE PHOTO

The government shall appeal the Mandaluyong court ruling stating that Filipino employees of the Manila-based multilateral lender Asian Development Bank (ADB) are exempted from paying income taxes.

Posted: October 2nd, 2014 in Latest Business Stories | Read More »

BIR files 10 more tax evasion cases at the DOJ

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The Bureau of Internal Revenue (BIR) on Thursday announced it had slapped tax evasion cases against one company and nine individuals—among them five Filipino employees of the Manila-based multilateral lender Asian Development Bank (ADB) as well as the owner of a well-known bar and restaurant in Makati City.

Posted: September 12th, 2014 in Headlines | Read More »

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