Tag: BIR

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BIR expands taxpayer portal, develops AI tax assistant

Economy Context.ph Context.ph -
The Bureau of Internal Revenue (BIR) is taking its digital tax reforms to regional offices next month while developing an artificial intelligence-powered assistant designed to make decades of tax rules easier to search and understand.

BIR digital tracker targets faster taxpayer services nationwide

Economy Context.ph Context.ph -
The Bureau of Internal Revenue (BIR) is testing a digital document tracking system designed to cut processing delays, reduce misplaced records and strengthen accountability as the tax agency pushes to make taxpayer services faster and more efficient.

BIR sets year-end deadline for e-invoicing compliance

Economy Context.ph Context.ph -
Businesses covered by the Bureau of Internal Revenue’s (BIR) electronic invoicing mandate have until year-end to upgrade billing and accounting systems, potentially adding to software, technology and training costs.

BIR tax relief clears P84.5M in micro liabilities

Economy Context.ph Context.ph -
The Bureau of Internal Revenue’s (BIR) tax abatement program for micro taxpayers has cleared P84.5 million in taxes and penalties in its first two months, giving small businesses a cheaper way to settle old liabilities and return to compliance.

BIR removes VAT on electricity system loss charges

Energy & Mining Context.ph Context.ph -
The Bureau of Internal Revenue (BIR) has removed value-added tax (VAT) from allowable electricity system loss charges, giving consumers another potential reduction in their power bills as the government moves to ease electricity costs through administrative measures.
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Central banks must adopt for AI era— BSP chief

Banking & Insurance 0
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

Corporate 0
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

Corporate 0
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

Energy & Mining 0
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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