BIR – Page 5 – Maniolas

Beware of the new BIR audit program

Economy

Dec 022015

More than a decade ago, a taxpayer could expect only one tax investigation by the Bureau of Internal Revenue (BIR) in a given year, and seldom for two successive years. But now, a taxpayer can be investigated up to three times in the same year: first, under a normal tax audit (i.e., covering all taxes); second, under a value-added tax (VAT) audit; and third, under a Letter Notice audit (which is based on discrepancies arising from the computerized matching of data between the taxpayer’s records and its customers and suppliers).

DoF names bank secrecy repeal as its price for lower tax rates

Economy

Aug 112015

PROPOSALS to lower income tax rates could be fast-tracked if Congress enacts two measures that will strengthen the Bureau of Internal Revenue’s (BIR) power to examine taxpayer accounts, senior Finance officials told lawmakers.

Aggressive 2016 goals set for BIR, Customs

Economy

Jul 302015

THE NATIONAL government expects its key revenue-generating agencies to reach for double-digit growth in collections in 2016, even as both the Internal Revenue and Customs bureaus continue to fall short of targets this year.

BIR orders inventory of cash registers

Economy

Jul 012015

THE BUREAU of Internal Revenue (BIR) said it has ordered taxpayers to submit an inventory of cash registers, a move intended to boost the tax authority’s monitoring of sales in business establishments.

BIR stops issue of temporary permits for cash registers

Economy

Jun 092015

THE BUREAU of Internal Revenue (BIR) said it will stop issuing temporary permits for businesses using cash registers after it discovered that some taxpayers are abusing the system.

Due process in the constructive service of BIR notices

Economy

May 272015

In an En Banc decision last March 2015, the Court of Tax Appeals (CTA) ruled that even if a taxpayer or his duly authorized representative refuses to acknowledge receipt of assessment notices for deficiency taxes issued by the Bureau of Internal Revenue (BIR), personal delivery shall be considered “constructive service” provided that such notices are left at the premises of the taxpayer and such fact is attested to by at least two revenue officers other than the revenue officer who constructively served them.

BIR’s power to interpret tax laws is not absolute

Economy

May 202015

Inherent in the three branches of our government are three core powers granted by the 1987 Philippine Constitution. The authority to make laws and to alter or repeal them is conferred on the Legislative Department. The implementation of laws is charged to the Executive Department. The power to interpret laws, to hear and decide cases when disputes arise, lies with the Judiciary. The existence of these independent co-equal bodies is a fundamental characteristic of a democratic government.

Localizing global trends in indirect tax

Economy

May 102015

Late last year, the Bureau of Internal Revenue (BIR) ordered additional sectors to use electronic (eBIR) forms and imposed a P1,000 penalty per return, as well as a 25% surcharge should the required taxpayers fail to comply. Also just a few months ago, the BIR clearly demonstrated its intent to enforce tax compliance when it pressed tax evasion charges against online shopping sites for allegedly failing to declare correct taxes.

BIR rejects postponement of penalties for improper electronic filing

Economy

Mar 312015

THE COMMISSIONER of Internal Revenue yesterday rejected a request from tax managers to defer penalties on taxpayers who fail to submit returns electronically, saying sufficient time has been given to comply with the rules.

Of NGOs, foundations and the blurred lines of inurement prohibition

Economy

Jul 132014

WHEN news about fake nongovernment organizations (NGOs) related to the pork barrel scam hit the headlines, other non-stock, nonprofit organizations (NSNPs) attracted the probing eyes of the Bureau of Internal Revenue (BIR). As a result, the BIR issued on June 6, 2014 Revenue Memorandum Circular (RMC) No. 51-2014, which aimed to tighten the interpretation and treatment of tax-exempt NSNPs under Section 30 of the Tax Code.

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