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News and Events

How to File Income Tax Returns Properly

In case you're still confused

It’s a confusing time for taxpayers, especially with all these new ITR forms. Even after you know which forms were updated, you need to find out if it should be the one you will use. Then, you also have to figure out ...

by Mon Abrea  | April 15, 2019 02:00:00
Startup Tips

Mann Hann is Back in Business: Here's the Story of a Businessman Who Doesn't Know How to Quit

The chain of specialty Chinese food was shuttered for a time by the BIR, but not for long

For a man whose business was shut down for a few days by the Bureau of Internal Revenue (BIR), Wilson Ledesma is in a jovial mood. The founder and proprietor of the Mann Hann chain of restaurants says the closure happened because ...

by Paul John Caña for  | December 28, 2018 08:00:00
News and Events

BIR Opens eFiling Center for Taxpayers Who Want to Submit Tax Returns Digitally

The center is open until Monday, April 16, including this Saturday, April 14

Taxpayers who are eligible and/or required to file their tax returns electronically can now do so through the National Office eFiling Center, an initiative by the Bureau of Internal Revenue (BIR) to help citizens pay for their taxes digitally.“The said eFiling Center ...

by Lorenzo Kyle Subido  | April 11, 2018 04:00:00
News and Events

High-Profile Tax Evasion Cases: Lessons for Ordinary Taxpayers

How to avoid being the target of the next Bureau of Internal Revenue (BIR) tax investigation

The Department of Finance (DOF) and the Bureau of Internal Revenue (BIR) have been implementing their Run After Tax Evaders (RATE) program since 2005. The program aims to investigate criminal violations of the National Internal Revenue Code of 1997 and prosecute criminal ...

by Raymond Abrea  | April 11, 2018 12:00:00
News and Events

How Many Taxpayers Were Caught Up in the Gov’t Anti-Tax Evasion Drive?

Only a few of the companies charged belonged to the country’s top 1,000 corporations

Every now and then, there’s a news report about a prominent person or a well-known company being charged by the Bureau of Internal Revenue (BIR) with failing or refusing to pay taxes to the government.Perhaps this should no longer come as a ...

by Pauline Macaraeg  | April 10, 2018 09:00:00
News and Events

BIR vs Dunkin Donuts PH: How Probers Use Franchising Fees Data to Build a Tax Evasion Case

Investigators zero in on discrepancies in numbers reported by the company and its sub-franchisees

The Bureau of Internal Revenue (BIR) has filed a criminal complaint of tax evasion with the Department of Justice against the Philippine franchise holder of global coffee and donut chain Dunkin Donuts and its key officers, the tax agency said in a ...

by Elyssa Christine Lopez  | February 23, 2018 06:00:00
News and Events

Deadline for Filing 2017 Income Tax Returns Still April 15, Not May 15 This Year, BIR Says

Tax agency issues statement to correct reports that the TRAIN Law moved the original deadline by a month

The deadline for the filing of Annual Income Tax Returns (ITR) on last year’s income remains April 15, 2018, contrary to reports that it has been moved to May 15, the Bureau of Internal Revenue (BIR) said in a statement released on ...

by Elyssa Christine Lopez  | January 22, 2018 05:00:00
News and Events

Planning Ahead: Want to Know How Much Estate Taxes Your Heirs Will Pay Under TRAIN Law?

The new law cuts the tax on inherited assets and simplifies the process of computing it

Among the many taxes revised by the Tax Reform for Acceleration and Inclusion or TRAIN law, which officially took effect at the start of 2018, is the estate tax. It’s the government’s cut on inheritance or the transfer of assets belonging to ...

by Lorenzo Kyle Subido  | January 19, 2018 10:00:00
News and Events

Lipo, Facelift or Botox: Guess Which Cosmetic Procedures Are Likely to be Covered by the New 5% Excise Tax?

The BIR is soliciting public comments on draft tax regulations on medical procedures that largely aim to prettify

When President Rodrigo Duterte signed the Tax Reform for Acceleration and Inclusion (TRAIN) law last December, it was clear that the new measure will impose a five percent excise tax on non-essential products and services, particularly medical procedures that mainly aim to ...

by Pauline Macaraeg  | January 13, 2018 11:00:00
News and Events

Isumbong Mo Kay Dulay: BIR Chief Urges Staff of Employers Still Deducting Old Withholding Taxes to Blow the Whistle on Bosses

But employers’ confederation appeals for more time for some members to re-program payroll systems

Bureau of Internal Revenue Commissioner Caesar DulayThe Bureau of Internal Revenue (BIR) wants employers to immediately implement the new withholding personal income tax rates on all their employees starting on January 1, 2018 amid reports that some employers are not yet ready ...

by Entrepreneur Staff  | January 12, 2018 06:00:00
News and Events

How Much Withholding Taxes Should Be Deducted From Your Pay Under the New TRAIN Law?

Check out this guide whether you’re paid on a daily, weekly, semi-monthly or monthly basis

Unlike self-employed professionals, business owners and even some freelancers, salaried employees don’t receive the full amount of the compensation for their work. From the get-go, the Bureau of Internal Revenue (BIR) already claims part of employees’ salaries through withholding taxes, which are ...

by Pauline Macaraeg  | January 05, 2018 10:00:00
News and Events

Freelancers and Small Business Owners Can Now Pay Taxes Online Through DBP and Landbank Online Portals

It's available only to Landbank’s depositors but DBP portal can be used by holders of ATM, credit and debit cards of other banks

Many self-employed individuals working as freelancers and professionals, as well as owners of micro, small and medium enterprises (MSMEs) in the Philippines dread the task of filing and paying their taxes because of the uncomfortably long amount of time to do it.Who ...

by Cherrie Regalado  | December 04, 2017 09:00:00
News and Events

(Watch) Thanks to Last-Day Tax Rush, BIR Likely to Hit Php208B Collection Target

Tax chief says government is on track to hit April target

As thousands of taxpayers rushed to beat the deadline for the filing and payment of 2016 income tax returns yesterday, April 17, offices of the Bureau of Internal Revenue (BIR) throughout the country struggled to cope with the long lines and oversized ...

by Pauline Macaraeg  | April 18, 2017 03:00:00