Tag: BIR

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BIR expands VAT-exempt drug coverage to 2,263 medicines

Economy Context.ph Context.ph -
The Bureau of Internal Revenue (BIR) has released an updated list of value-added tax (VAT)-exempt medicines, expanding coverage to 2,263 drugs under Republic Act No. 10963 or the TRAIN Law and Republic Act No. 11534 or the CREATE Act, in a move aimed at easing healthcare costs for Filipino patients.

DocTax highlights clarity gap as tax deadline looms

Economy Context.ph Context.ph -
As the April 15 filing deadline approaches, fintech firm OneCFO Group is drawing attention to a persistent hurdle among Filipino taxpayers: turning available tax information into clear, practical guidance.

BIR fast-tracks PNOC fuel imports amid crisis

Energy & Mining Context.ph Context.ph -
The Bureau of Internal Revenue (BIR) has expedited the emergency importation of petroleum products by PNOC Exploration Corporation (PNOC-EC), issuing a special permit through its Large Taxpayers Service (LTS) to accelerate the transaction under a declared energy emergency.

Business applauds BIR’s clean up drive

Economy Context.ph Context.ph -
The Makati Business Club has thrown its support behind a bold internal crackdown at the Bureau of Internal Revenue, welcoming the filing of cases against 25 revenue personnel accused of misusing Letters of Authority.

BIR rolls out friendly nationwide tax audits

Economy Context.ph Context.ph -
In a shift from stern audits to street-level support, the Bureau of Internal Revenue (BIR) fanned out across the country on February 23 for a Nationwide Simultaneous Friendly Tax Compliance Verification Drive (TCVD), putting dialogue ahead of discipline.
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Sectors push corn as bioethanol feedstock amid fuel, food trade-off

Agriculture 0
The Department of Agriculture (DA) has confirmed growing calls to amend Joint Administrative Order No. 2008-1, which limits approved bioethanol raw materials to only sugarcane and molasses, to include corn as an additional feedstock. The proposal remains under review and awaits final decision from the National Biofuels Board, with officials noting the move is being reconsidered amid an ongoing fuel crisis.

Security Bank’s wholesale banking head steps down; interim oversight set

Corporate Bulletins 0
Security Bank announced Monday that John Cary Ong will leave his post as head of the wholesale banking segment.

Mindoro Grid upgrade powers long-term energy fix

Energy & Mining 0
The Marcos administration is moving beyond short-term remedies for Mindoro's recurring power woes, backing a series of major infrastructure projects aimed at integrating the island into the national grid and securing its long-term energy future.

CREIT targets new asset infusion by end-2026, aims to be PH’s largest REIT

Corporate 0
Citicore Energy REIT Corp. (CREIT) plans to complete its next batch of asset additions within this year, pending regulatory approvals, as it moves to expand its renewable energy portfolio.

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