revenues - updates

Rappler's latest stories on revenues

ARTICLE FINDER

Hontiveros urges BIR to 'withdraw, review, rewrite' online seller memo

Jun 17, 2020 - 8:01 PM

Senator Risa Hontiveros says the exemption on small-time online vendors should be included in the Bureau of Internal Revenue guidelines

REISSUE. Senator Risa Hontiveros urges the Bureau of Internal Revenue to reissue its memorandum circular on taxing online sellers. File photo by Joseph Vidal/Senate PRIB

BIR: Online sellers earning less than P250,000 a year won't be taxed

Jun 17, 2020 - 1:39 PM

But they still need to register, or else face penalties, says the Bureau of Internal Revenue


BIR extends application for tax amnesty to December 31

Jun 16, 2020 - 8:30 PM

The Bureau of Internal Revenue extends amnesty application for tax delinquents from June 22 to the end of the year

EXTENDED. Application for tax amnesty is extended. File photo by Darren Langit/Rappler

Senators hit BIR: 'Ang luwag sa POGO, ang lupit sa Pilipino'

Jun 11, 2020 - 4:15 PM

'Imbes na online sellers, baka puwedeng singilin muna ang mga POGO na may P50 billion in unpaid taxes?' asks Senator Risa Hontiveros

'POGO FIRST'. POGO workers in Makati City gather their belongings as they are instructed to work from home during the lockdown on March 18, 2020. File photo by Alecs Ongcal/Rappler

As online selling booms, BIR reminds vendors to register, pay taxes

Jun 11, 2020 - 12:20 PM

The Bureau of Internal Revenue says online businesses that register on or before July 31 will not be slapped with late fees


BDO tops initial list of top taxpayers in 2019

May 25, 2020 - 5:05 PM

A subsidiary of embattled ABS-CBN also makes it to the initial list of the top 500 taxpayers


Gov't promises to be stricter going after POGO taxes

May 09, 2020 - 8:42 PM

Under the guidelines and requirements of the Bureau of Internal Revenue, POGOs must show proof of full tax compliance before they are allowed to resume operations

ONLINE GAMBLING. The Philippine government wants to better collect taxes from POGOs. Photo by Jeff Digma/Rappler

#AskTheTaxWhiz: Further extension of deadlines, suspension of BIR audit

Apr 13, 2020 - 9:30 PM

The Philippine Tax Whiz clarifies the implications of extending deadlines and suspending Bureau of Internal Revenue audits during the coronavirus lockdown

#AskTheTaxWhiz: Tax relief for taxpayers during the 'enhanced community quarantine'

Apr 04, 2020 - 3:15 PM

The Philippine Tax Whiz discusses the various Bureau of Internal Revenue circulars extending deadlines

BIR extends tax filing deadline to May 15

Mar 19, 2020 - 10:20 AM

The Bureau of Internal Revenue says the extension will lead to a shortfall in tax collections of around P145 billion


Lawmakers ask DOF, BIR: Don’t be ‘heartless,' extend tax filing deadline

Mar 18, 2020 - 7:11 PM

'Hindi kami nanghihingi ng pera. Magbabayad kami ng buwis. Pero huwag mo naman sabihin sa amin na magbayad kami 2 araw matapos ang quarantine na in-impose niyo,' says Congressman Joey Salceda

GHOST TOWN. An almost lifeless Araneta Center in Cubao, Quezon City hours after the government enforces an enhanced community quarantine over Luzon island on March 17, 2020. Photo by Lisa Marie David/Rappler

BIR won't extend April 15 tax filing deadline despite lockdown

Mar 17, 2020 - 3:35 PM

Senator Francis Pangilinan urges Bureau of Internal Revenue Commissioner Caesar Dulay to move the deadline to May 15

MISSED TARGETS. Despite new and higher taxes, the Bureau of Internal Revenue fails to hit its collection goals. File photo by Darren Langit/Rappler

FALSE: List of ‘Philippines’ biggest tax evaders’

Feb 29, 2020 - 10:58 AM

The list does not come from the Bureau of Internal Revenue

BIR shuts down POGO for failing to pay P114-million taxes

Feb 21, 2020 - 5:54 PM

Synchronization Anywhere for You Incorporated is the first POGO firm to be padlocked by the Bureau of Internal Revenue

CLOSED DOWN. BIR closes down Synchronization Anywhere for You Inc in Pasay City. Photo courtesy of BIR

Facebook faces off with IRS in big-ticket tax case

Feb 19, 2020 - 6:21 PM

The Internal Revenue Service contends Facebook dodged about $9 billion in taxes, while the leading social network says it is actually owed a refund, US media reports say

FACEBOOK. In this file photo taken on October 23, 2019 the Facebook "like" sign is seen at Facebook's corporate headquarters campus in Menlo Park, California. Photo by Josh Edelson/AFP

#AskTheTaxWhiz: Benefits from new law on alcohol, cigarette excise tax

Feb 05, 2020 - 7:00 PM

The Philippine Tax Whiz discusses the recently signed law raising excise tax on alcohol and tobacco products

Taxes from POGOs soar 169% to P6.4 billion in 2019

Jan 27, 2020 - 11:31 AM

The Philippine government improves in getting cash from tax-dodging online gambling operators, but it still falls short of its target

Dominguez says BIR did a 'good job' despite missing 2019 collection target

Jan 14, 2020 - 4:05 PM

The Bureau of Internal Revenue's collection in 2019 breaches the P2-trillion mark, but still falls short of the ambitious target

BIR loses P1.3-B tax evasion case vs businessman due to technicality

Oct 27, 2019 - 9:18 PM

The Supreme Court upholds the Court of Tax Appeals en banc decision junking the tax assessment issued to businessman Macario Lim Gaw Jr in 2007

Port of Subic exceeds 2019 collection target by P2.2 billion

Oct 27, 2019 - 12:49 PM

The success comes despite the Philippines halting the importation of meat products from countries where pigs have caught the African Swine Fever

EXCESS. The Port of Subic rakes in income beyond its target revenue for 2019. Photo from SBMA website

Twitter tumbles as 'bugs' hit revenue growth

Oct 25, 2019 - 5:43 PM

Twitter says revenue was hit by 'bugs' on the platform which made it harder to deliver targeted advertising to mobile users

#AskTheTaxWhiz: Things you should know about online businesses

Oct 23, 2019 - 9:19 AM

Do online businesses still need to register their business and pay taxes? How will the ongoing tax reforms affect them? The Philippine Tax Whiz answers these questions.

Huawei says 9-month revenue up despite U.S. pressure

Oct 16, 2019 - 6:27 PM

Huawei's revenues jump 24.4% on-year to 610.8 billion yuan ($86.2 billion) and its profit margin increased 8.7%, the company says

HUAWEI. Visitors walk past the booth of Huawei promoting its P30 Pro smartphone at the international electronics and innovation fair IFA in Berlin on September 6, 2019. File photo by Tobias Schwarz/AFP

GMA's Gozon, Inquirer's Prieto slapped with P23-M tax case

Oct 03, 2019 - 1:31 PM

(UPDATED) The tax department sues the now-defunct INQ7 for tax deficiencies

BIR lifts closure order on online gambling firm

Oct 01, 2019 - 1:20 PM

The first online gambling firm shut down by the Philippine government is up and running again after promising to settle P1.3 billion in unpaid taxes

BIR closes first tax-dodging online gambling firm

Sep 25, 2019 - 11:02 AM

The Bureau of Internal Revenue stops the operations of Great Empire Gaming and Amusement Corporation

#AskTheTaxWhiz: VAT exemptions, discounts for PWDs

Sep 20, 2019 - 9:00 PM

The Philippine Tax Whiz discusses the discounts available to persons with disabilities and which items are exempt from value-added tax

Dominguez orders BIR to shut down tax-dodging POGOs

Sep 15, 2019 - 6:05 PM

'Those who don't pay or respond to your assessments, clamp them down,' says Finance Secretary Carlos Dominguez III

[ANALYSIS] Intergovernmental relations and the Mandanas case

Sep 13, 2019 - 12:52 PM

How to end the deadlock between the national government and local governments over the Mandanas case decision, which expands the revenue base for towns and provinces?

#AskTheTaxWhiz: What is a compromise settlement?

Sep 13, 2019 - 9:30 AM

The Philippine Tax Whiz discusses a method of lowering your tax liabilities the right way

#AskTheTaxWhiz: How are investments taxed?

Sep 04, 2019 - 9:50 PM

The Philippine Tax Whiz discusses the taxes when trading in shares of stock

#AskTheTaxWhiz: How do I calculate how much estate tax to pay?

Aug 29, 2019 - 5:00 PM

You may have heard of estate tax amnesty, but what do you know about estate tax? Learn about it from the Philippine Tax Whiz.

BIR files tax evasion complaint vs Kapa founder's wife

Aug 29, 2019 - 12:35 PM

Reyna Apolinario has allegedly not declared income worth P307.7 million from 2017 to 2018

IN DEFENSE OF KAPA. Pastors from different religious groups and hundreds of members belonging to KAPA Community Ministry International Inc. march along Elliptical Road in Quezon City to call on President Rodrigo Duterte to listen to members call to unfreeze KAPA's bank accounts and assets. Photo by Darren Langit/Rappler

#AskTheTaxWhiz: Registering and updating TIN for employees

Aug 21, 2019 - 4:00 PM

No TIN yet? Changing employers? The Philippine Tax Whiz answers questions about TIN for employees.

Filipinos can now pay taxes online via PESOnet

Aug 20, 2019 - 8:30 PM

Paying taxes will just be a few clicks away, as the government launches a digital tax payment system


Cagayan black sand miners win P94 million tax case at COA

Aug 13, 2019 - 5:37 PM

The 13 mining companies hurdle the Commission on Audit but the Bureau of Internal Revenue is not precluded from making its own tax assessment

BLACK SAND MINING. Black sand mining in Cagayan has been under scrutiny for supposedly causing erosion of land that result in massive flooding. File photo by Ted Aljibe/AFP

#AskTheTaxWhiz: Computing tax for mixed income earners

Aug 07, 2019 - 7:00 PM

The Philippine Tax Whiz talks about mixed income earners and how they are taxed

#AskTheTaxWhiz: Filing of returns for withholding tax

Jul 10, 2019 - 5:35 PM

The Philippine Tax Whiz answers which form you should use for withholding tax

Recto: All Chinese workers in PH must pay taxes

Jul 05, 2019 - 1:09 PM

'That's the right approach. Before you badger Congress to levy new taxes or raise rates, kindly plug the leaks first,' says Senate President Pro Tempore Ralph Recto

OVERCAPACITY. Senate President Pro-Tempore Ralph Recto says the Department of Transportation should hasten the rollout of airport projects. Photo by Angie de Silva/Rappler

Supreme Court rules College of St Benilde tax-exempt

Jul 04, 2019 - 7:40 PM

The Supreme Court invalidates the Bureau of Internal Revenue's claim that the De La Salle-College of St Benilde owes P122.4 million in taxes

TAX-EXEMPT. The Supreme Court says the De La Salle-College of St Benilde is tax-exempt as a non-stock, non-profit educational institution. Photo by Jee Geronimo/Rappler

#AskTheTaxWhiz: Business style in official receipts

Jul 04, 2019 - 7:00 PM

The Philippine Tax Whiz answers what 'business style' refers to in official receipts

Philippines sets up foreign workers database

Jul 03, 2019 - 6:40 PM

'To effectively pursue our mandate of taxing foreign workers, we need accurate data on foreigners working in the Philippines,' says Bureau of Internal Revenue Commissioner Caesar Dulay


#AskTheTaxWhiz: Top questions on tax amnesty

Jun 26, 2019 - 9:40 PM

Still confused about tax amnesty? The Philippine Tax Whiz answers the most frequently asked questions.

#AskTheTaxWhiz: How do I avail of estate tax amnesty?

Jun 12, 2019 - 3:45 PM

The Philippine Tax Whiz discusses how you can finally transfer those long-overdue properties

#AskTheTaxWhiz: Handling books of accounts

Jun 05, 2019 - 5:30 PM

The Philippine Tax Whiz discusses the guidelines for handling books of accounts

#AskTheTaxWhiz: What does it mean to be a top withholding agent?

May 29, 2019 - 3:20 PM

The Philippine Tax Whiz answers the questions of a top withholding agent

#AskTheTaxWhiz: What are the quarterly income tax returns?

May 22, 2019 - 7:50 PM

The Philippine Tax Whiz discusses why the 1st quarter ITR is important

#AskTheTaxWhiz: How do I avail of the tax amnesty on delinquencies?

May 01, 2019 - 2:00 PM

The Philippine Tax Whiz discusses the process for the tax amnesty on delinquencies, including the forms to use

#AskTheTaxWhiz: Documentary requirements for VAT-exempt medicines

Apr 26, 2019 - 4:00 PM

The Philippine Tax Whiz discusses the documentary requirements for VAT-exempt medicines

#AskTheTaxWhiz: I missed the ITR filing deadline! What do I do next?

Apr 17, 2019 - 5:10 PM

The Philippine Tax Whiz discusses what to do next if you missed the April 15 deadline for filing income tax returns