Atax evasion complaint was filed by Grecilda “Gigi” Sanchez-Zaballero, a candidate for provincial boardmember of the Liberal Party, against gubernatorial candidate Pablo John Garcia before the Bureau of Internal Revenue (BIR) regional office.
The Court of Tax Appeals affirmed the decision of the Manila City Regional Trial Court ordering the City Government of Manila to refund to Metropolitan Bank and Trust Company some P10.8 million worth of unlawfully collected business taxes.
Internal Revenue Commissioner Kim Henares said on Thursday she favored the scrapping of the “cedula” or community tax certificate, saying it no longer had any use today.
Singapore on Friday strongly rejected a whistleblower’s allegation that its banks facilitate massive tax evasion by a powerful family in neighboring Malaysia’s Sarawak state.
THE Bureau of Internal Revenue (BIR) recently issued Revenue Regulations No. 16-2012 to prescribe the tax treatment of sales, barters, exchanges or other dispositions of shares of stock of publicly-listed companies that meet or do not meet the minimum percentage of listed securities held by the public (or public float) of 10 percent issued and outstanding shares, exclusive of any treasury shares or the minimum public ownership as required by the Securities and Exchange Commission (SEC) or Philippine Stock Exchange (PSE), whichever is higher (collectively referred to herein as the MPO).
On the day of hearts, the Bureau of Internal Revenue filed cases against two flower shops in Makati City for not issuing duly registered receipts to their customers buying their flowers.
The Supreme Court denied with finality an appeal from the Bureau of Internal Revenue (BIR) which sought the reversal of a decision that awarded property developer Fort Bonifacio Development Corp. (FBDC) nearly P360 million as refund for erroneous tax collection.
The Philippine National Railways has asked a court to stop the city government of Manila from collecting P594 million in taxes for a property that was already taxed twice and to order the city to return parcels of land which were given as payment for previous taxes.
THE Bureau of Internal Revenue issued Revenue Memorandum Circular No. 88-2012 clarifying the tax implications of income or gain derived by an employee from the exercise of stock option plans.
THE Bureau of Internal Revenue issued Revenue Memorandum Circular No. 2-2013 clarifying certain provisions of Revenue Regulations No. 12-2012 on the deductibility of depreciation expenses as it relates to purchase of vehicles and other expenses related thereto, and the input taxes allowed therefor.
THE Cebu City Administrator’s Office will examine the records of the Asian Institute of Technology (ACT) to verify if the school has been paying the right amount of taxes.
THE Bureau of Internal Revenue (BIR) recently issued Revenue Memorandum Circular No. 63-2012 clarifying the issues affecting invoicing and recording of income payments for media advertising placements.
Cigarette smokers continue to find it hard to buy their favorite brands here and in other parts of Southern Mindanao as of Thursday as most wholesalers and retailers claim there was still scarcity of supply.
