Tag: BIR

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BIR resets audits with tighter, fairer rules

The Bureau of Internal Revenue (BIR) is rebooting its audit regime, promising fewer surprises and more predictability for taxpayers as field audits officially resume. 

PEZA fast-tracks digital permits, visas, customs links

The Philippine Economic Zone Authority (PEZA) is accelerating the rollout of digital permits, visa processing, and customs integration, translating the Marcos administration’s “Big Bold Reforms” agenda into concrete, on-the-ground improvements for investors.

Business groups back DOF tax audit reforms

Support for reforms initiated by the Department of Finance at the Bureau of Internal Revenue is gaining momentum, with leading business groups hailing the measures as a confidence boost for investors and a reset for tax administration.

Government posts budget surplus in April, 4-month budget deficit widens

The National Government (NG) recorded a budget surplus of P67.3 billion in April 2025, up 58 percent year-over-year, as tax collections accelerated despite a...

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ADB: Philippines stays course despot inflation surge

Despite a sharp rise in April inflation and mounting external risks, the Philippines remains “on the right track,” according to Asian Development Bank chief economist Albert Park, who spoke to CNBC during the lender’s annual meeting in Uzbekistan on Tuesday. 

Alsons Power highlights need for timely outage reporting

Alsons Power Group emphasized the importance of promptly reporting power outages to maintain stable and reliable operations.

DigiPlus profit in Q1 falls as access rules bite

DigiPlus Interactive Corp., operator of BingoPlus, ArenaPlus, and GameZone, posted a net income of P2.8 billion in the first quarter of 2026, down 33 percent year-on-year as regulatory changes and softer consumer spending weighed on platform activity.

DICT targets up to 80% cut in broadband costs by 2028

The Department of Information and Communications Technology (DICT) plans to cut broadband costs in the country by 40 to 80 percent by 2028 under its National Digital Connectivity Plan.

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