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) successfully surpassed its 2024 revenue target set by the Development Budget ...

IN 2021, the Bureau of Internal Revenue issued Revenue Memorandum Order (RMO) 14-2021, updating the procedures in availing tax reliefs under tax treaties. The BIR modified the manner of confirming ...

Moreover, this success comes despite the Philippine economy’s Gross Domestic Product (GDP) growing at a slower-than-expected ...

The Bureau of Internal Revenue will have to revise its revenue collection targets if Congress approves the proposed two-year ...

The BIR is counting on several tax measures to be passed this year by Congress to help meet its P3.2 trillion collection target.

The Federal Government has commenced the implementation of the 2024 Withholding Tax Regulations, signalling effort to modernise Nigeria’s tax system. Approved by President Bola Tinubu in July ...

The Bureau of Internal Revenue (BIR) on Wednesday said it is expecting that its tax collection target for 2024 set by the Marcos administration’s economic managers will be exceeded for the first time ...

Last year, the BIR implemented a 1% withholding tax on online sellers to address tax leakages in the digital economy. It also created a task force to go after taxpayers using “fake transactions” and ...

Also, businesses with low profit margins will benefit from reduced withholding tax rates, which will enhance their cash flow and reduce operational costs. In addition, manufacturers and producers ...

Brussels-based organization says it opposes restrictions backed by metals producers with melt shops in Europe. BIR says ”efforts to introduce export limits are aimed at artificially lowering the ...

Firms without Tax Identification Number (TIN) will not enjoy the exemption from Withholding Tax payment. This is one of the conditions stipulated in the Withholding Tax reform regulation which ...