Tag: Bureau of Internal Revenue

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Philippine budget deficit widens sharply in July

Economy Context.ph Context.ph -
The Philippine government’s budget deficit widened sharply in July as spending surged to support major programs and infrastructure projects, outpacing a modest increase in revenues.

BIR collections beat target by P13.5B in July

Economy Context.ph Context.ph -
The Bureau of Internal Revenue collected P13.53 billion more than its target in the first seven months of 2026, giving the government a stronger revenue base as it pushes reforms to improve tax compliance and enforcement.

BIR, tech alliance tighten tax rules for online sellers

Communications & Technology Context.ph Context.ph -
The Bureau of Internal Revenue (BIR) is deepening its partnership with the Alliance of Tech Innovators for the Nation (ATIN) to boost tax compliance among online sellers, combining taxpayer education with tougher enforcement as the country's digital economy continues to expand.

BIR kicks off national tax campaign for 2023

Markets Context.ph Context.ph -
The Bureau of Internal Revenue (BIR) officially kicked off its 2023 National Tax Campaign with the theme Tulong-tulong sa Pagbangon, Kapit Kamay sa Pag-ahon, Buwis na Wasto, Alay Para sa Pilipino on February 7, 2023 at the Philippine International Convention Center (PICC).

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Philippines, Canada conclude FTA talks, target 2027 signing

Trade & Investments 0
The Philippines and Canada have concluded negotiations for a bilateral free trade agreement (FTA), setting the stage for expanded market access, greater investment flows and new opportunities for exporters, service providers and small businesses.

ADB: ASEAN needs USD7.1T for infrastructure, bankable projects lag

Trade & Investments 0
Southeast Asia needs an estimated USD7.1 trillion in infrastructure investment through 2040, but a shortage of commercially viable projects is preventing governments from mobilizing enough private capital to meet the region’s growing needs, Asian Development Bank (ADB) President Masato Kanda said Saturday.

A week of unfortunate events: Ay, naku!

Opinion 0
If the past week's tea leaves had a message, it was this: ay, naku. The economy served up a one-two punch of sluggish growth and runaway prices, then appeared to ask whether we wanted seconds. Monday brought third-quarter GDP growth of 2.1 percent, down from 2.4 percent in the previous quarter and below the 2.8 percent consensus forecast. That marked five consecutive quarters of slowing growth and the weakest performance since the pandemic. October inflation, meanwhile, averaged 7.8 percent. Some wanted the monetary authorities to wield a bigger stick through a jumbo rate hike. Tame prices without choking an already parched economy? Sige, good luck. With stocks around 5,600 and the peso near P64 to the dollar, even sharply cheaper gasoline felt less like salvation than a promo expiring next week.

Zobel sees global trade realignment opening opportunities for ASEAN

Trade & Investments 0
The shifting global trade landscape, driven by higher US tariffs and tensions between Washington and Beijing, presents ASEAN with an opportunity to attract investment and strengthen its role in global supply chains, but countries must first make it easier for businesses to operate across borders, Ayala Corp. chairman Jaime Augusto Zobel de Ayala said.

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