BIR Expands VAT-Free Drug List: Over 2,200 Medicines Covered
The BIR has released an updated list of VAT-exempt medicines, covering over 2,200 drugs for critical illnesses. Check the FDA website for the full list to save on essential medications.
The BIR has released an updated list of VAT-exempt medicines, covering over 2,200 drugs for critical illnesses. Check the FDA website for the full list to save on essential medications.
Mandaue City Government phases in a 10% business tax adjustment, applying 5% in 2026 to aid recovery from recent calamities. Learn how this affects local enterprises.
Mandaue City implements only a 5% business tax increase in 2026, deferring the full hike to 2027 to help firms recover from recent disasters. Learn how this decision affects local commerce.
Mandaue City starts a 5% business tax increase in 2026, with another 5% in 2027. Officials cite legal mandate and aim to balance revenue needs with business relief. Learn how this affects local enterprises.
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RecommendedThe BIR's new circular simplifies local purchases for export-focused businesses. Learn how the updated VAT zero-rating process affects Registered Business Enterprises.
Law enforcement operations in Zamboanga Peninsula and Soccsksargen lead to three arrests and the confiscation of P1.2 million worth of smuggled cigarettes. Details on the separate busts here.
The BIR suspends all field audits to reform the system. Learn which cases are exempt and how this impacts your tax compliance. Stay informed.
The BIR streamlines tax exemption certificates for socialized housing, cutting costs and speeding up delivery to support the 4PH program. Learn how this reform benefits developers and homebuyers.
The BIR has released updated guidelines to streamline registration. Learn the new documentary requirements for OPCs and corporations to avoid delays. #BIR #PhilippinesBusiness
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RecommendedCebu City Treasurer's Office recommends tax relief for businesses impacted by Typhoon Tino for 2026 computations, but clarifies it cannot waive penalties without a city ordinance. Learn about the proposal and its legal basis.
Pampanga Rep. Carmelo 'Pogi' Lazatin Jr. files HB 6504, seeking a ₱50,000 tax deduction for parents of CSNs/YSNs to cover therapy, education, and medical costs. Learn about the bill's details and its potential impact on Filipino families.
The BIR now accepts documents signed by Assistant Corporate Secretaries, streamlining business registration for Philippine companies. Learn how this change reduces administrative burden.
New BIR Commissioner Charlito Mendoza warns employees involved in LOA abuse scheme. Taxpayers urged to report directly to his office. Investigation ongoing.
New BIR Commissioner Charlito Mendoza pledges action against employees exploiting Letters of Authority. Taxpayers urged to report abuses directly. Ongoing investigation follows Senate resolution.
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RecommendedThe BIR has moved all November 2025 tax deadlines to Nov. 28 for regions affected by Typhoon Tino and Super Typhoon Uwan. Avoid penalties by filing on time.
Cebu's business community welcomes the suspension of BIR field audits, a move providing relief from compliance pressures and aiding post-calamity recovery. Learn more about this positive development.
President Marcos appoints lawyer and geodetic engineer Charlito Mendoza as new BIR commissioner. Learn how his revenue collection expertise will impact tax administration.
The Bureau of Internal Revenue issues supplemental policies for excise tax refund claims on unused cigarette, tobacco and vape stamps. Learn the new requirements and deadlines.
Former DPWH officials in Quezon City confront massive tax evasion allegations involving P16 billion in undeclared contracts. BIR takes legal action for willful tax violation.
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RecommendedThe Bureau of Internal Revenue updates tax treatment for previously exempt vehicles when transferred to new owners. Learn how this affects government, diplomatic, and international organization vehicles.
In a major enforcement operation, BIR agents confiscated over 2,000 packs of untaxed cigarettes worth ₱1.3 million from a Mandaue City warehouse, cracking down on tax evasion.
Philippine BIR extends e-invoice deadline for micro and small taxpayers until 2025. Learn how this tax compliance extension benefits local businesses in Cebu and nationwide.