Tag: BIR

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BIR clears tax compliance hurdle for nationwide e-notarization rollout

Economy Context.ph Context.ph -
The Bureau of Internal Revenue (BIR) has established a mechanism for electronic notaries public to comply with documentary stamp tax (DST) requirements, addressing a key regulatory hurdle in the nationwide rollout of electronic notarization for property and corporate transactions.

BIR September collection hits P203.58B, up 11%

Economy Context.ph Context.ph -
The Bureau of Internal Revenue (BIR) said tax collection in September reached P203.58 billion, an 11 percent increase from the P183.53 billion generated in the same month last year.

BIR warns e-invoicing providers against excessive fees

Economy Context.ph Context.ph -
The Bureau of Internal Revenue (BIR) has cautioned electronic invoicing service providers against charging excessive fees as businesses prepare for the government’s mandatory electronic invoicing system, with compliance due by December 31, 2026.

Taxumo targets enterprise growth as e-invoicing gains ground

Communications & Technology Context.ph Context.ph -
Philippine tax technology startup Taxumo is expanding beyond freelancers and small businesses into the enterprise market, aiming to turn mandatory electronic invoicing into a growth engine that could eventually rival its tax-filing business.

BIR tightens tax collection oversight in electricity spot market

Economy Context.ph Context.ph -
The Bureau of Internal Revenue (BIR) has tightened tax collection oversight in the Wholesale Electricity Spot Market (WESM), assigning the market operator direct responsibility for withholding and remitting taxes on electricity transactions in a move aimed at improving compliance and accountability.
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Central banks must adopt for AI era— BSP chief

Banking & Insurance 0
Central banks around the world must prepare to seize both the opportunities and navigate the challenges brought by artificial intelligence while upholding their key missions of keeping prices steady and financial systems secure.

STI Holdings’ assets climb 10% to P18.7B

Corporate 0
STI Education Systems Holdings Inc. (STI Holdings) grew its consolidated assets by 10 percent to P18.69 billion in the financial year ended June 2026, as strong tertiary enrollment and continued investments in campus infrastructure and education technology supported its financial performance.

Monde Nissin trims capex, targets premium noodle market growth

Corporate 0
Monde Nissin Corp. has reduced its 2026 capital expenditure budget to P5.4 billion from about P6.5 billion, prioritizing a new biscuit manufacturing plant in Northern Luzon as it navigates softer noodle volumes and intensifying competition from premium imports.

ERC issues show cause orders against power firms over excessive unplanned outages

Energy & Mining 0
The Energy Regulatory Commission (ERC) has stepped up its drive to keep electricity supply steady, issuing 24 show cause orders to 13 power generation companies whose facilities repeatedly went offline beyond allowed limits. Released on October 14, 2026, these orders require the firms to submit verified explanations on why their units exceeded the allowable equivalent unplanned outage limits set under existing reliability rules.

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