BIR tax probe, audit suspended

Manila, Philippines – After raising more than P1 trillion and to give taxpayers a worry-free Christmas celebration, the Bureau of Internal Revenue (BIR) suspended audit and investigation activities for the duration of the holidays yesterday. Incoming search terms:bir estate tax audit (1) var addthis_config = {"data_track_clickback":true,"data_track_addressbar":true,"data_track_textcopy":true,"ui_atversion":"300"}; var... 

Donations are tax deductible -­ BIR

Philippines – Donations in cash and in kind to calamity victims are deductible from the income tax returns (ITR) of the donors. The Bureau of Internal Revenue (BIR) issued the clarification in answer to many queries from business and professional taxpayers who wanted to extend assistance to the hundreds of thousands of families who lost their love ones and livelihood when super... 

Paging Santa

Manila, Philippines – In 1897, a little girl wrote the New York Sun, asking if Santa Claus really existed. Then editor Francis P. Church’s reply to the little girl, Virginia, which appeared on Sept. 21, 1897, has since been an adopted phrase to answer doubting kids of generations over.  Read More »

Investment return

Manila, Philippines – SHOULD the taxpayers carry the burden of subsidizing the operations of political parties in our country?  Read More »

RPT discounts

Manila, Philippines – The Parañaque City government is offering 20% discount to taxpayers who will settle their real property tax (RPT) obligations early to the local government.  Read More »

Top firms in VAT probe

Manila, Philippines – The Bureau of Internal Revenue (BIR) expanded yesterday its value-added tax investigation to include the 1,635 top corporations of the country in a bid to minimize the multi-billion-peso tax losses from this source. BIR Commissioner Kim S. Jacinto-Henares instructed the Large Taxpayers Service (LTS) to immediately start the quality audit “to cover broad range... 

Putin’s perks

Russian President Vladimir Putin is spending billions of taxpayers’ rubles on 20 luxurious residences, 43 jets and four yachts, a top opposition leader has said.  Read More »

BIR website up after glitch

Manila, Philippines – The Bureau of Internal Revenue (BIR) announced yesterday the availability of its electronic portal or website that enhances the delivery of services and dissemination of tax information. The program was launched two months ago but was abruptly stopped due to technical problems. Incoming search terms:bir website (30)bir potal (1)Bureau of internal revenue website... 

BIR denies probe on taxpayers

Manila, Philippines – The Bureau of Internal Revenue (BIR) said yesterday that it is not investigating and imposing deficiency taxes on corporate and individual taxpayers who availed themselves of the tax amnesty in 2007.  Read More »

BIR reminder

Manila, Philippines – The Bureau of Internal Revenue (BIR) reminded yesterday individual taxpayers who paid their 2011 income tax debts in installment that they have until Monday to pay the last installment. BIR Commissioner Kim S. Jacinto-Henares issued the reminder, citing a provision in the Tax Code allowing payments of income tax in two installments. Incoming search terms:www...