Tag: BIR

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Alliance targets P141B revenue drain from illegal trade

Economy Context.ph Context.ph -
A broad alliance of government agencies and industry groups is stepping up efforts to curb illicit trade, targeting an estimated P141 billion in lost revenues over the past two years through a coordinated enforcement and revenue-protection strategy.

BIR collections surge in May on extended filing

Banking & Insurance Context.ph Context.ph -
The Bureau of Internal Revenue (BIR) posted stronger-than-expected revenue collections in May, buoyed by the extended tax filing season and continued taxpayer compliance despite disruptions caused by the recent energy crisis.

BIR unveils portal to simplify corporate taxes

Economy Context.ph Context.ph -
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

Economy Context.ph Context.ph -
 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

Travel & Tourism Context.ph Context.ph -
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.
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BIR September collection hits P203.58B, up 11%

Economy 0
The Bureau of Internal Revenue (BIR) said tax collection in September reached P203.58 billion, an 11 percent increase from the P183.53 billion generated in the same month last year.

BSP, global partners hold 6th International Research Fair in Cebu

Banking & Insurance 0
The Bangko Sentral ng Pilipinas (BSP), together with the Reinventing Bretton Woods Committee, staged the 6th International Research Fair on October 6–7, 2026, bringing together top experts and policymakers from around the world to tackle key issues shaping today’s evolving economic landscape.

PCC imposes record ₱1.76-B fine on onion cartel

Agriculture 0
The Philippine Competition Commission (PCC) has imposed a record P1.76-billion fine on six onion trading businesses and their responsible officers for alleged anti-competitive conduct, with possible criminal prosecution to follow subject to evaluation by the Department of Justice (DOJ).

Taway wins new term to advance ₱30-B APECO investments

Corporate Bulletins 0
Aurora Pacific Economic Zone and Freeport Authority (APECO) chief executive Gil G. Taway IV has secured another three-year term, with the agency under pressure to turn its P30-billion investment pipeline into operating projects, new jobs and infrastructure in Aurora province.

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