Tag: BIR

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BIR expands Taxpayer Portal to large firms nationwide

The Bureau of Internal Revenue (BIR) has rolled out its Taxpayer Portal to large taxpayers in the regions, expanding digital tax services beyond Metro Manila and giving businesses easier access to government transactions.

BIR rolls out eARMS to tighten tax collection, eases delinquencies settlement 

The Bureau of Internal Revenue (BIR) has rolled out a new digital system nationwide aimed at tightening the collection of delinquent taxes while making it easier for taxpayers to verify and settle outstanding obligations.

BIR streamlines tax refunds to reduce filing delays

The Bureau of Internal Revenue (BIR) has tightened and clarified its tax refund procedures, seeking to reduce filing confusion, prevent applications from being sent to the wrong offices and give taxpayers clearer expectations on processing times.

PHILEXPORT seeks e-invoicing delay to protect exporters

The Philippine Exporters Confederation, Inc. (PHILEXPORT) is urging the Bureau of Internal Revenue (BIR) to defer mandatory electronic invoicing for one year, warning that a year-end rollout could strain exporters and disrupt supply chains.

BIR tax refunds double to boost business

The Bureau of Internal Revenue unleashed P23.67 billion in tax refunds between January and September 2026—a staggering 90 percent surge from last year's P12.42 billion. This massive cash injection throws a critical lifeline to Philippine enterprises battling crushing energy costs and soaring operating expenses.

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Central banks must adopt for AI era— BSP chief

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

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

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

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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