Tag: BIR
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BIR unveils portal to simplify corporate taxes
The government is stepping up its digital reform drive to make tax compliance faster, simpler, and less burdensome for the country’s biggest taxpayers, with the Department of Finance (DOF) and the Bureau of Internal Revenue (BIR) launching a centralized Taxpayer Portal for firms under the Large Taxpayers Service (LTS).
PCCI hails new BIR rules, relief for MSMEs
The Philippine Chamber of Commerce and Industry (PCCI) has welcomed the Bureau of Internal Revenue’s (BIR) new streamlined business closure rules, calling them a...
Travel agencies urge clearer BIR tax rules
A leading Philippine travel association is pressing the government to clarify tax rules for agency transactions, warning that inconsistent interpretations by Revenue District Offices (RDOs) are driving up compliance costs and sparking audit disputes.
Marcos moves tax filing deadline to May 15
President Ferdinand Marcos Jr. has approved a one-month extension for the filing of 2025 Annual Income Tax Returns (AITRs), moving the deadline from April 15 to May 15, 2026, in a bid to ease compliance and give taxpayers more preparation time.
BIR expands VAT-exempt drug coverage to 2,263 medicines
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.
