Tag: BIR
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BIR destroys P1.54-B illicit vape haul, expands crackdown
The Bureau of Internal Revenue (BIR) destroyed 240,550 illicit vape products with an estimated tax liability of P1.539 billion, underscoring the revenue at stake as authorities widen their crackdown from retail outlets to warehouses.
BIR e-invoicing to ease compliance, strengthen revenue collection
The Bureau of Internal Revenue (BIR) is pushing electronic invoicing as a digital overhaul that could make tax compliance easier for businesses while giving the government better tools to track transactions and collect revenues.
PMFTC says BIR crackdown curbs illicit cigarette trade
Philip Morris Fortune Tobacco Corp. (PMFTC) said intensified enforcement by the Bureau of Internal Revenue (BIR) and other government agencies has helped reduce illicit cigarette trade, potentially limiting tax leakages from untaxed tobacco products.
BIR cockpit raids put betting machines under scrutiny
The latest raids by the Bureau of Internal Revenue on cockpits across Metro Manila and nearby provinces have put an increasingly lucrative, but largely opaque, revenue stream under the taxman’s microscope.
BIR expands VAT-free medicines to lower healthcare costs
The Bureau of Internal Revenue (BIR) has expanded the list of value-added tax (VAT)-exempt medicines to 2,277 products, broadening tax relief for patients with chronic and life-threatening illnesses as the government seeks to make essential healthcare more affordable.
