News Articles on {?keyword?} | ABS-CBN News

Finance chief orders BIR, Customs to investigate cooperatives used for rice imports

ABS-CBN News
Posted at Nov 27 04:49 PM

Finance Secretary Carlos Dominguez III has ordered the Bureau of Internal Revenue (BIR) and Bureau of Customs (BOC) to help the Department of Agriculture in investigating the alleged use of cooperatives by private traders as dummies for rice imports.    Read more »

Duterte: 800 government officials, employees fired for graft, other offenses

John Gabriel Agcaoili, ABS-CBN News
Updated as of Nov 24 04:39 AM

MANILA (UPDATED) - President Rodrigo Duterte on Monday night said he will continue to "go after government officials and workers who are into graft and corruption," saying around 800 officials and workers have been dismissed from the service due to illegal activities. Read more »

No to new taxes, sell off state-owned assets to cover revenue shortfall: Dominguez

ABS-CBN News
Updated as of Nov 02 03:43 PM

Dominguez said the government will instead borrow money from commercial sources, even from the Bangko Sentral ng Pilipinas.   Read more »

DOJ identifies 5 agencies likely to face corruption probe

Gillan Ropero, ABS-CBN News
Updated as of Oct 28 11:17 AM

The Department of Justice said Wednesday it has identified 5 state agencies it would likely prioritize to investigate for alleged corruption following President Rodrigo Duterte's order. Read more »

Loading, unloading tents para sa EDSA buses sa isang barangay inalmahan

ABS-CBN News
Posted at Oct 14 08:23 PM

Umaalma ang isang barangay official sa mga tolda ng MMDA sa mga bangketang malapit sa mga kabahayan.  Read more »

House ends deliberation on proposed 2021 DOF budget, except BIR's

Zandro Ochona, ABS-CBN News
Posted at Sep 28 09:25 PM

The House of Representatives terminated on Monday its deliberation on the proposed 2021 budget of the Department of Finance and its attached agencies, except the Bureau of Internal Revenue. Read more »

PH 'exceeds' P2.2-T estimated tax revenue this year, says Finance chief

Katrina Domingo, ABS-CBN News
Posted at Sep 23 02:03 PM

Finance Secretary Carlos Dominguez on Wednesday said the Philippines has already exceeded this year's estimated P2.2 trillion tax revenue as early as August. Read more »

BIR, Customs collections exceed January-August target: finance dep't

ABS-CBN News
Posted at Sep 13 01:28 PM

Tax collections by the Bureau of Internal Revenue (BIR) and Bureau of Customs (BOC) for the first 8 months of the year exceeded government's target despite the impact of the COVID-19 pandemic on the economy, the Department of Finance said Sunday. Read more »

Finance department expects P2.71T tax collection in 2021 as economy reopens further

Katrina Domingo, ABS-CBN News
Posted at Sep 10 04:11 PM

Finance Secretary Carlos Dominguez on Thursday said the government expects to collect some P2.71 trillion in taxes in 2021 as the Philippines continues to ease economic restrictions linked to the COVID-19 pandemic. Read more »

DOF, BIR implement 'voluntary assessment' to settle 2018 tax deficiencies

ABS-CBN News
Posted at Sep 07 02:11 PM

The DOF and the Bureau of Internal Revenue are implementing the Voluntary Assessment and Payment Program (VAPP) for the taxable year 2018. Read more »

BIR again extends deadline for registration of online sellers to Sept. 30

ABS-CBN News
Posted at Sep 01 08:10 PM

The Bureau of Internal Revenue announced on Tuesday that it is again extending the deadline for the registration of online selling businesses to Sept. 30.  Read more »

Small online sellers shouldn't worry about missing Sept.1 deadline: Tax expert

Bruce Rodriguez, ABS-CBN News
Posted at Aug 31 07:22 PM

Mon Abrea, founding chairman of tax services and consultancy firm, Asian Consulting Group (ACG) said small online sellers whose incomes don’t exceed P250,000 per year can expect some leniency from the BIR. Read more »

Gov't may lose up to P13.2B in 5 years if Congress OKs FIST: National Treasurer

Katrina Domingo, ABS-CBN News
Posted at Aug 26 08:33 PM

The government is expected to lose as much as P13.2 billion in the next 5 years should Congress pass a Bangko Sentral-backed measure that would cushion banks from the possible build up of bad loans due to the COVID-19 crisis. Read more »

Cigarette tax stamps down 59 percent during lockdown: DOF

ABS-CBN News
Posted at Aug 11 03:12 PM

The total number of cigarette tax stamps issued by the Bureau of Internal Revenue (BIR) during the lockdown of Metro Manila and other parts of Luzon fell by more than half, the Department of Finance (DOF) said Tuesday. Read more »

BIR chief contradicts Calida, insists POGOs need to pay 5 percent franchise tax

ABS-CBN News
Posted at Jul 27 08:46 PM

POGOs need to pay the 5-percent franchise tax before being allowed to resume operations, the BIR chief said on Monday, contradicting the position of PAGCOR and the Office of the Solicitor General. Read more »

Ressa pleads not guilty to 5th tax evasion case

Mike Navallo, ABS-CBN News
Updated as of Jul 22 12:59 PM

Rappler CEO and executive editor Maria Ressa on Wednesday pleaded "not guilty" to a tax evasion charge before a Pasig court -- her 5th tax case. Read more »

Excise tax collections from large taxpayers exceed January - June target: DOF

ABS-CBN News
Posted at Jul 13 02:54 PM

Collections by the Bureau of Internal Revenue from large taxpayers reached P128.59 billion, exceeding the adjusted P113.64 billion target for the period by 13.15 percent, the DOF said in a statement.   Read more »

Home-based workers should get tax cuts for extra electricity expenses: Tolentino

Katrina Domingo, ABS-CBN News
Posted at Jul 06 06:36 PM

Sen. Francis Tolentino on Monday said that additional electricity expenses incurred by employees from working at home should be deducted from their tax dues.   Read more »

Villanueva urges BIR: Collect unpaid POGO taxes, probe illegal tax collector

Katrina Domingo, ABS-CBN News
Posted at Jul 03 06:20 PM

Sen. Joel Villanueva on Friday urged the Bureau of Internal Revenue (BIR) to investigate an unnamed official who has been illegally collecting "under the table" taxes from Chinese-run online gambling firms in the Philippines. Read more »

House probe on alleged ABS-CBN tax violations 'pointless': tax expert

Bruce Rodriguez, ABS-CBN News
Posted at Jul 03 02:41 AM

A tax expert believes the conduct of a House probe on alleged tax violations of ABS-CBN Corporation is "pointless," considering that ABS-CBN has received compliance certifications from regulators.   Read more »