After surpassing its collection target for the first time in 20 years in 2024, the Bureau of Internal Revenue (BIR) aims to ...

As the campaign period for those vying national positions in the 2025 mid-term polls officially started, the Bureau of ...

In December last year, the BIR issued Revenue Regulation 16-2023 requiring online merchants with earnings of more than ...

THE upcoming elections could delay the passage of key tax reform measures crucial for the Bureau of Internal Revenue (BIR) to hit its P3.2-trillion tentative target collection this year. Speaking to ...

The Bureau of Internal Revenue (BIR) successfully surpassed its 2024 revenue target set by the Development Budget ...

Last Jan. 16, 2025, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) 5-2025, amending certain ...

THE Bureau of Internal Revenue (BIR) has ruled to exempt from taxation ... The yield from ABS will be subject to a 20 percent final withholding tax, except for income from low-cost or socialized ...

Capping off the first month of 2025, the Bureau of Internal Revenue (BIR) issued Revenue Regulations (RR) No. 004-2025 (RR No. 4-25), amending the rules on certain de minimis benefits. It increased ...

their BIR Form 2316 must be submitted to the BIR by Feb. 28, 2025. Withholding tax Taxpayers who withheld final taxes must file the BIR Form 1604-F (annual final withholding), with the alpha list ...

If the customers of NDSPs are VAT-registered, the customer is liable to withhold and remit the VAT via reverse charging mechanism (withholding VAT) to the BIR. On the other hand, if the customers are ...

The BIR also introduced a new withholding tax system for online businesses, ensuring a level playing field between traditional and digital retail sectors. “We are grateful for the support and ...