According to the BIR, the couple earned PHP 50M-100M from vlogging and deleted their channel to avoid paying taxes. According to the Bureau of Internal Revenue (BIR), a couple, who reportedly raked in multi-million pesos from vlogging, abruptly deleted their channel in what the BIR officials believed to be an attempt to avoid paying taxes. … Read more
CICP was open to dialogue with BIR on tax compliance. The Creator and Influencer Council of the Philippines (CICP) was open to dialogue with the Bureau of Internal Revenue (BIR) on tax compliance. While the influencer group welcomed the issuance of BIR’s Circular to define tax rules for social media influencers, the CICP likewise called … Read more
BIR issued a memo to remind social media influencers of their tax obligations. BIR MEMO — On Monday, the Bureau of Internal Revenue (BIR) had issued a memorandum to remind social media influencers of their tax obligations. Signed by BIR Commissioner Caesar Dulay, the Revenue Memorandum Circular No. 97-2021 was issued in order to inform … Read more
BIR addressed the tax issues on financial rewards and incentives for Hidilyn Diaz. On Thursday, the Bureau of Internal Revenue (BIR) addressed the tax issues on financial rewards and incentives for Olympic gold medalist Hidilyn Diaz. According to the BIR, the cash prize from the national government will not be taxed. Also, the BIR said … Read more
Palace lauded BIR for its speedy action on taxpayers’ queries and complaints. Malacañang had commended the Bureau of Internal Revenue (BIR) for its speedy action on queries and complaints from taxpayers. This, as Director Bernadette Casinabe of the 8888 Citizens’ Complaint Center noted in a letter to BIR Commissioner Caesar Dulay that the Bureau of … Read more
BIR had reshuffled 13 regional and assistant directors for 2021 tax collection drive. Bureau of Internal Revenue (BIR) Commissioner Caesar Dulay had reshuffled 13 regional and assistant directors in preparation for 2021 tax collection drive. In a report on Manila Bulletin, informed sources said that more major personnel changes were expected before 2020 ends. Fiscal … Read more
Many POGOs were “not likely” to continue business without COVID-19 vaccine, according to BIR officials. Bureau of Internal Revenue (BIR) officials disclosed that a lot of Philippine Offshore Gaming Operators (POGOs) were “not likely” to continue its business unless a COVID-19 vaccine became available and the tax rates were reduced. This, as these officials said … Read more
BIR issued RMC 120-2020 clarifying the tax exemption of private sector employees retiring early. The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) 120-2020 clarifying the tax exemption of employees in the private sector who were retiring early. This, as the retirement benefits received by an employee from a private firm who decided … Read more
BIR warned the public against doubtful personalities distributing fake surety bonds The Bureau of Internal Revenue (BIR) had warned the public against doubtful personalities posing as public officers distributing fake surety bonds. This, as BIR Commissioner Caesar Dulay issued the said warning after receiving an advisory from the Philippine Deposit Insurance Corp. (PDIC) regarding the … Read more
BIR released its strict tax guidelines for Philippine Offshore Gaming Operations The Bureau of Internal Revenue (BIR) released its strict tax guidelines for Philippine Offshore Gaming Operations (POGOs) in the payment of appropriate franchise and other taxes. This, as the Bureau of Internal Revenue issued Revenue Regulations No. 30-2020 requiring online business to remit to … Read more