Tag: BIR

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BIR tightens risk-based audits to give taxpayers certainty 

Economy Context.ph Context.ph -
Businesses are set to face a more targeted tax audit system as the Bureau of Internal Revenue (BIR) shifts taxpayer selection toward measurable compliance risks and tightens rules governing revenue examinations.

BIR destroys P1.54-B illicit vape haul, expands crackdown

Economy Context.ph Context.ph -
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

Economy Context.ph Context.ph -
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

Economy Context.ph Context.ph -
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

Sports & Entertainment Context.ph Context.ph -
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.
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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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