THE BUREAU of Internal Revenue (BIR) continuously enhances and develops electronic services (e-Services) to provide faster, more reliable and more convenient services for taxpayers, as well as to improve its tax return data capture and storage. Last Oct. 16, 2012, the BIR authorized the use of the electronic BIR Forms (eBIRForms) through Revenue Memorandum Circular No. (RMC) 061-12. The eBIRForm is a better, more reliable alternative to the manual process of filling tax returns on pre-printed forms because it allows taxpayers to directly encode data, compute taxes, validate information, save progress, and print the tax returns offline.
COMPANIES may soon pay reduced income taxes for ten years, instead of enjoying income tax holidays (ITH) for four years, Trade Secretary Gregory L. Domingo said on Tuesday.
ONLY eight of the Philippines’ top 15 wheat flour importers sold the commodity above the average price, the Finance Department said in its latest Tax Watch advertisement yesterday.
THE PHILIPPINES’ better-than-expected second quarter economic growth was driven by atypically strong external demand, contrary to the usual pattern of domestic consumption powering growth, Maybank ATR Kim Eng said in a research note Friday.
DISAGGREGATED data show that the country may not actually be experiencing jobless economic growth, a report from the Philippine Institute for Development Studies (PIDS) said.
AFTER accreditation by the Department of Agriculture, Thailand-based Bangkok Bird Park Breeding and Research Center (BBPBRC) may now bring live captive birds into the Philippines.
INTERNATIONAL DONORS can now refer to a set of rules when securing duty and tax exemptions for their donations during calamities in the country.
THE PHILIPPINE Chamber of Commerce and Industry (PCCI) wants to put up additional air services going to Indonesia in the cities of General Santos and Davao to facilitate trade in and out of the country, an official said.
THE DEPARTMENT of Budget and Management (DBM) has released P7.68 billion to the National Electrification Administration (NEA) to energize rural communities throughout the country.
THE CITY of Valenzuela has issued guidelines it hopes would spur private sector investments that could help prod development.