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P706.85-B collected from Jan-April much lower compared to P900.33-B collected for same period last year (Eagle News) — The Department of Finance reported a dive in tax and customs collections for this year because of the COVID-19 pandemic. Both the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC) reported a huge drop in collections from January to April this year, as these reached only P706.85 billion. This is P28.17 billion short of […]
(Eagle News)–Philippine Offshore Gaming Operators have three days to register with the Bureau of Internal Revenue and pay taxes. President Rodrigo Duterte himself announced this in an exclusive interview with CNN Philippines, after the BIR said only 10 out of 60 POGOs in the country pay taxes. “I’m giving you three days to- bayaran niyo ang mga utang ninyo kayong mga POGO, barilin ko kayo ng de-bomba,” Duterte said. Since the start of the government’s […]
(Eagle News)–The Bureau of Internal Revenue has filed a tax evasion case against the corporate secretary of Kapa Community Ministry International Inc. The charges against Reyna Lobitana Apolinario, also the wife of Kapa head pastor and founder Joel Apolinario, that were filed before the Department of Justice stem from her alleged willful attempt to evade or defeat tax, failure to file returns, supply correct and accurate information, pay taxes, withhold and remit taxes and refund […]
(Eagle News) – Rappler CEO Maria Ressa pleaded not guilty on Wednesday, April 3, to four tax evasion cases stemming from the failure of Rappler Holdings Corporation’s to reflect the total gains in its 2015 tax returns. “This is my first arraignment of the 11 legal cases filed against us in 14 months. Posted bail 8 times. Each of the 4 tax charges today carry max 10 yrs in prison. That’s 40 yrs! But […]
Caesar Vallejos OPEN FOR BUSINESS, Eagle News Service The newly appointed Co-Chair of Ease of Doing Business in Paying Taxes, Mon Abrea, the Founding President of the Center for Strategic Reforms of the Philippines, said that “administrative reform should supplement or support any policy reform.” In his talk at the Asia CEO Forum last February 22, 2019 at the Marriott Hotel, Abrea said, “dito kami madalas nag-co-conflict with DOF, we really have ideas on policy […]
(Eagle News) – The Department of Justice’s National Prosecution Service has found probable cause to indict Rappler Holdings Corporation (RHC), its president Maria Ressa, and its accountant for tax evasion based on a complaint filed by the Bureau of Internal Revenue. The BIR complaint arose from Rappler’s failure to reflect in its 2015 tax returns “the total gains of almost P162.5 million which it realized from its issuance of Philippine Depository Receipts (PDR) to […]
(Eagle News) — The Senate is studying and strictly monitoring the increase in the prices of basic goods due to the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) law. Senator Sherwin Gatchalian, the chair of the Senate Committee on Energy, said that if the increase in the prices of basic goods will continue, the Senate will look for ways to minimize the effect of the additional excise tax. Gatchalian said that the […]
Finance Secretary Carlos Dominguez III underscored the urgency of harmonizing and constantly updating tax policies and administration practices across the Asia-Pacific region to combat tax evasion against the backdrop of an increasingly borderless world. Dominguez cited, in particular, the cigarette manufacturing industry, where harnessing new tools for surveillance, the improved documentation of tax payments, and closer cooperation between tax and customs authorities are needed to check against tax fraud. In the Philippines, Dominguez said […]
(Eagle News) — The Bureau of Internal Revenue has charged a gold trader for his alleged willful failure to pay taxes for five years. In a statement on Thursday, the BIR said the five criminal complaints were filed against Angelito Ocampo Dela Pena after he failed to pay P1,732,808,956.22 in tax deficiencies from 2005 to 2009. This was after the Bangko Sentral ng Pilipinas, with whom Dela Pena was exclusively engaged in the buying and […]
(Eagle News)—-The Philippine franchisee of Dunkin Donuts that was charged by the Bureau of Internal Revenue with tax evasion has denied all the charges against it. In a statement, Golden Donuts, Inc. said its tax liabilities for 2007 had been settled with the BIR as of 2012. On the allegation there was underdeclaration of sales by 39 percent, the franchisee owned by the Prieto family said “all GDI franchisees are business entities separate from GDI […]
(Eagle News) — Uber Philippines has paid the government over P41 million in value added tax deficiencies to avoid suspension or closure of its operations. In a statement, the Bureau of Internal Revenue said the P41.15 million the company paid represents arrears accumulated from July 1 to December 31, 2016. The BIR said this came about after an audit found that while Uber had been paying on time, it declared its sales of P413.85 million as […]
MANILA, Philippines (Eagle News) — Ibinunyag ng Bureau of Internal Revenue o BIR na may discrepancy ang tax records ni Supreme Court Chief Justice Maria Lourdes Sereno. Sa ika-labing-apat na pagdinig ng House Committee on Justice, sinabi ni BIR Deputy Commissioner Arnel Guballa na lumitaw na may discrepancy sa 2004 hanggang 2010 tax records nito batay sa kanilang isinagawang imbestigasyon. Pero tumanggi si Guballa na ibunyag sa komite ang kanilang findings ukol sa mga nasabing […]
