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

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

Africa’s Global Bank, United Bank for Africa Plc, is set to host a Knowledge Series webinar to educate small and medium business owners on the 2024 withholding tax regulations that went into force ...

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

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

The bond market's moves might seem strange given that the Federal Reserve has lowered interest rates three times starting in September. But it’s a reminder that markets care more about the ...

Now that the holidays are over and 2025 is in full swing, it's time to start thinking about your favorite time of year — tax season! Okay, so maybe you're not all that excited about filing taxes.

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 ...

liabilities,” the BIR added. Lumagui created the Run After Fake Transactions (RAFT) task force and introduced a withholding tax system for online stores, ensuring fairness with retail businesses. He ...

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 ...

If you click on links we provide, we may receive compensation. The upward climb in mortgage rates continues, with the 30-year average tacking on a few more points Monday to reach 7.13%—the most ...