Category : Taxation


BIR Extends 2025 Tax Return Deadline to May 15

The Bureau of Internal Revenue has extended the deadline for filing 2025 Annual Income Tax Returns and payments to May 15, 2026, citing a national energy emergency and rising oil prices.

BIR Extends 2025 ITR Filing Deadline to May 15, 2026

The Bureau of Internal Revenue has extended the filing deadline for 2025 Annual Income Tax Returns from April 15 to May 15, 2026, aiming to provide taxpayers more time for proper filing without penalties.

BIR Issues New Tax Rules for Cross-Border Services

The Bureau of Internal Revenue clarifies tax treatment for cross-border services, emphasizing that such services are not automatically taxable and providing a detailed framework for determining income source.

BIR VAT Exemption Rules for Natural Gas Industry

The Bureau of Internal Revenue has released Revenue Regulations 2-2026 to implement VAT exemptions for indigenous natural gas sales and related electricity, effective April 1, 2026, with specific documentary requirements.

BIR Surpasses Early 2026 Tax Collection Goal

The Bureau of Internal Revenue collected PHP530.055 billion in net taxes from January to February 2026, exceeding its target by PHP2.280 billion and showing a 2.97% year-on-year increase.

BIR Closes Cebu Online Seller with P211M Undeclared Sales

The Bureau of Internal Revenue shut down an online selling operation in Cebu for over P211 million in undeclared sales, leading to an estimated P40.4 million tax liability. The joint probe with NBI targeted a luxury goods seller on Facebook Live.

Senators Propose Presidential Power to Suspend Fuel Taxes

Senators Francis Pangilinan and Francis Escudero have filed separate bills granting the President authority to temporarily suspend or reduce excise taxes on petroleum products during global economic emergencies and oil price volatility.

Cebu Settles P211.56M Tax Dispute with ALQC

The Cebu Provincial Government has agreed to a P211.56 million settlement with Apo Land and Quarry Corp. to resolve a long-standing tax dispute, avoiding a costly court battle and ensuring fund recovery.

House Committee Advances Bill to Abolish Travel Tax

The House Committee on Ways and Means approved a substitute bill to abolish the decades-old travel tax, aiming to ease costs for Filipino travelers while ensuring funding for tourism, education, and cultural programs through the national budget.

Escudero Calls for Train Law Changes to Suspend Fuel Taxes

Senator Chiz Escudero proposes amendments to the Train Law, allowing the President to automatically suspend or lower excise and VAT on fuel when global oil prices exceed benchmarks, aiming for faster consumer relief during crises.

Speaker Bojie Dy Open to Amending Oil Tax Law

House Speaker Bojie Dy III expresses openness to amending legislation to lower oil taxes, supporting President Marcos Jr.'s call to protect citizens from global oil price hikes.

Cebu Governor Cuts Quarry Firm's Tax Bill from P1.2B to P211M

Cebu Governor Pamela Baricuatro has reduced Apo Land and Quarry Corp.'s tax assessment from P1.218 billion to P211.56 million, citing legal grounds for removing extraction fees on private land. The settlement awaits Provincial Board approval.

BIR Updates Rules for Cash Donations and Tax Filing

The Bureau of Internal Revenue has released Revenue Memorandum Circular No. 10-2026, detailing tax obligations for cash donations, including filing methods and documentary requirements, effective immediately.

BIR Seizes PHP460M in Illicit Tobacco in Pampanga

The Bureau of Internal Revenue's enforcement operations in Pampanga have prevented an estimated PHP460.98 million in revenue loss by seizing raw materials, counterfeit stamps, and illicit cigarettes.

BIR Presents Tax Audit Reforms to Senate for Fairness

The Bureau of Internal Revenue presented key reforms to the Senate Blue Ribbon Committee, including a single-audit framework and risk-based selection, to enhance fairness and transparency in tax audits under new orders.

DOJ Resolves 5 Tax Evasion Cases vs. Curlee, Discaya

The Department of Justice confirms resolution of five tax evasion complaints against contractors Curlee and Sarah Discaya, with charges to be filed in the Court of Tax Appeals. State witnesses also visited DOJ for flood control cases.

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