Friday, May 1, 2026
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Tag: Tax

US tax to cut Philippine remittances by 0.05% of GDP

A 1-percent tax on remittances from the United States is expected to have minimal effects in developing Asia, including the Philippines, the Asian Development...

Marcos open to tax e-gaming

As admin intensifies crackdown vs. illegal online gambling sites President Ferdinand Marcos Jr. is supportive of proposals to regulate and possibly tax online gaming platforms,...

9 more medicines now exempt from value added tax, says BIR

The Bureau of Internal Revenue (BIR) has exempted nine more medicines from value-added tax (VAT), it said in a circular dated June 11, 2025. Revenue...

BIR simplifies VAT refund claim process

The Bureau of Internal Revenue (BIR) said it streamlined the documentary requirements for value-added tax (VAT) refund claims, in line with the CREATE MORE...

CPG’s profit up16% to P473min three months

Century Properties Group Inc (CPG) said Tuesday its net income after tax (NIAT) grew 16 percent to P473 million in the first quarter of...

Sin tax coalition

Doctors, medical professionals, and health advocates gather at the Lung Center of the Philippines Auditorium in Quezon City to call on 2025 election candidates...

Gov’t budget surplus hit P68.4b in January on 10% revenue growth

The national government’s budget surplus saw a 22.27-percent year-on-year decline to P68.4 billion in January 2025 from a year ago, as the 19.4-percent expenditure...

BOC urges luxury car owners to pay taxes to avoid seizure

The Bureau of Customs (BOC) is urging importers and claimants of luxury cars valued at P2.8 billion, which were impounded following a series of...

BIR launches 2025 national tax campaign

The Bureau of Internal Revenue launched its 2025 national tax campaign on Feb. 4, 2025 at the Philippine International Convention Center in Pasay City....

SC clarifies VAT refund deadlines

The Supreme Court on Wednesday clarified the prescriptive periods for filing value-added tax (VAT) refund claims with the Commissioner of Internal Revenue (CIR). In CIR...

BIR bullish on meeting 2025 tax collection target of P3.23t

The Bureau of Internal Revenue (BIR) expects to meet its 2025 tax collection target, citing intensified compliance efforts and ongoing digitalization initiative. BIR Commissioner Romeo...

SC: Tax case acquittal doesn’t erase obligation to pay

The Supreme Court (SC) on Friday said being acquitted of a criminal tax violation does not automatically exempt a taxpayer from paying unpaid taxes. In...

UK plans to tax private schools

LONDON—The UK will end a tax exemption for private schools on Wednesday, the center-left Labor government has announced, in a move set to raise...

‘Tax breaks await firms that reskill, up skill workers

Generous tax breaks await businesses partnering with the government on the enterprise-based education and training (EBET) of workers and students to reskill or upskill...
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