Tag: BIR

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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.

BIR readies for Marcos tax reforms as bills advance

The Bureau of Internal Revenue (BIR) is gearing up for the Marcos administration's proposed tax reforms, preparing its systems and processes ahead of congressional approval to ensure quicker implementation once the measures become law.

BIR clears confusion over revised withholding tax rules

The Bureau of Internal Revenue (BIR) has issued fresh guidance to help businesses correctly apply revised creditable withholding tax (CWT) rules, ending months of uncertainty for thousands of large companies covered by the new regulations.

BIR digital award fuels next wave of tax reforms

The Bureau of Internal Revenue (BIR) is accelerating its digital transformation drive after winning an international award for innovation, signaling its commitment to making tax compliance easier while improving the efficiency of revenue collection.

BIR puts compliance first in nationwide tax crackdown

The Bureau of Internal Revenue (BIR) stepped up its nationwide tax enforcement campaign on June 30, but stressed that helping taxpayers comply remains its first priority, with business closures reserved as a last resort.

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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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