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A proposal of the Bureau of Internal Revenue (BIR) has online sellers up in arms nowadays as it might derail the development of the e-commerce sector.
Source: https://business.inquirer.net/401902/biz-buzz-volatile-markets-blame-analysts-reporters
“I requested the BIR to write to the Food and Drug Administration and the Bureau of Product Standards of the Department of Trade and Industry to validate the product specifications of Flava,” said Albay Rep. Joey Salceda, who chairs the House committee.
Source: https://newsinfo.inquirer.net/1867357/house-investigates-vape-firm-suspected-of-tax-evasion
Lumagui said he plans to assess BIR officials’ performance regularly and dismiss or suspend those proven to have committed misconduct.
Still, the BIR said it will conduct post audit investigation/verification that the services are indeed directly and exclusively used by the registered export enterprise in its registered project or activity.
Source: https://businessmirror.com.ph/2023/05/16/bir-rules-on-vat-zero-rating-give-clarity/
The BIR has started the verification of taxpayers who are involved in the buying of these fake receipts.
Source: https://businessmirror.com.ph/2023/06/05/tele-tax-novela-11/
THE Bureau of Internal Revenue (BIR) is optimistic of hitting its P3.046-trillion collection target next year on the back of more aggressive efforts to curb tax leakages and improve efficiency through digitalization of its services.
Source: https://businessmirror.com.ph/2023/08/07/digitalization-leak-plugs-to-aid-birs-p3-t-goal-in-24/
Trading on SMFB had likewise been suspended, but PSE lifted the trading suspension as soon as BIR issued the exemption.
Source: https://business.inquirer.net/415259/biz-buzz-solving-the-holcim-conundrum