revenue - updates

Rappler's latest stories on revenue

ARTICLE FINDER

#AskTheTaxWhiz: How do I avail of estate tax amnesty?

Jun 12, 2019 - 3:45 PM

The Philippine Tax Whiz discusses how you can finally transfer those long-overdue properties

#AskTheTaxWhiz: Handling books of accounts

Jun 05, 2019 - 5:30 PM

The Philippine Tax Whiz discusses the guidelines for handling books of accounts

#AskTheTaxWhiz: What does it mean to be a top withholding agent?

May 29, 2019 - 3:20 PM

The Philippine Tax Whiz answers the questions of a top withholding agent

#AskTheTaxWhiz: What are the quarterly income tax returns?

May 22, 2019 - 7:50 PM

The Philippine Tax Whiz discusses why the 1st quarter ITR is important

#AskTheTaxWhiz: How do I avail of the tax amnesty on delinquencies?

May 01, 2019 - 2:00 PM

The Philippine Tax Whiz discusses the process for the tax amnesty on delinquencies, including the forms to use

#AskTheTaxWhiz: Documentary requirements for VAT-exempt medicines

Apr 26, 2019 - 4:00 PM

The Philippine Tax Whiz discusses the documentary requirements for VAT-exempt medicines

#AskTheTaxWhiz: I missed the ITR filing deadline! What do I do next?

Apr 17, 2019 - 5:10 PM

The Philippine Tax Whiz discusses what to do next if you missed the April 15 deadline for filing income tax returns

BIR's April 15 deadline stays, no extension for taxpayers

Apr 14, 2019 - 10:10 PM

The deadline for filing income tax returns is Monday, April 15. Those who will not be able to pay on Monday will face penalties.

Democrats demand Trump tax returns by April 23

Apr 14, 2019 - 12:00 AM

This is the final deadline the US House Ways and Means Committee set, after the Internal Revenue Service missed an earlier target date

TAX RETURNS DEMANDED. In this file photo, US President Donald Trump delivers the State of the Union address at the US Capitol in Washington, DC, on February 5, 2019. Photo by Doug Mills/Pool/AFP

#AskTheTaxWhiz: Taking on the #April15Challenge

Apr 12, 2019 - 7:10 PM

The Philippine Tax Whiz tells taxpayers what they need to know about filing income tax returns, which are due on Monday, April 15

What are the new sources of local governments’ IRA share?

Apr 12, 2019 - 8:30 AM

The Supreme Court says the ruling is prospective and that local governments will start to receive the adjusted amount only in 2022

LOCAL GOVERNMENT SHARES. The Supreme Court ruled that the "just share" of the local government units or LGUs shall be sourced from "all national taxes" and not just "national internal revenue taxes."

#AskTheTaxWhiz: How do I file my returns and pay my taxes?

Apr 10, 2019 - 7:00 PM

The Philippine Tax Whiz discusses the different methods for filing returns and paying taxes

Local governments to get new and bigger IRA only in 2022 – SC

Apr 10, 2019 - 5:23 PM

‘I believe there’s a 3-year period for which the government will have to compute and probably collect all these national taxes,’ says Court spokesman Brian Keith Hosaka

LOCAL GOVERNMENT SHARES. The Supreme Court ruled that the "just share" of the local government units or LGUs shall be sourced from "all national taxes" and not just "national internal revenue taxes."

New scheme: Cigarette tax stamps traded for sardines, noodles

Apr 09, 2019 - 3:40 PM

The Bureau of Internal Revenue discovers a new scheme by illicit tobacco traders: offering sardines or a pack of noodles in exchange for tax stamps

#AskTheTaxWhiz: Income tax return filing for corporations

Apr 03, 2019 - 6:55 PM

The Philippine Tax Whiz discusses the new forms for corporations and when they should file their income tax returns

#AskTheTaxWhiz: Should I use BIR Form No. 1701 or 1701A?

Mar 27, 2019 - 4:15 PM

The Philippine Tax Whiz discusses when to use the new BIR Form Nos. 1701 and 1701A

#AskTheTaxWhiz: Income tax return for employees

Mar 20, 2019 - 4:50 PM

Who are qualified for substituted filing? Find out from the Philippine Tax Whiz!

#AskTheTaxWhiz: Can I start a business without official receipts?

Mar 13, 2019 - 1:00 PM

The Philippine Tax Whiz discusses a way to start businesses without official receipts

NBI, BIR agents seize P60M worth fake cigarettes in CDO

Mar 08, 2019 - 2:57 PM

Law enforcers say the bogus cigarettes had markings of known brands

BOGUS. NBI and BIR agents confiscate fake cigarettes from a warehouse in Cagayan de Oro. Photo by Bobby Lagsa

#AskTheTaxWhiz: Tax amnesty on delinquencies

Mar 06, 2019 - 7:40 PM

The Philippine Tax Whiz breaks down the tax amnesty on delinquencies

#AskTheTaxWhiz: All about estate tax amnesty

Feb 28, 2019 - 2:30 PM

The Philippine Tax Whiz discusses the provisions of the recently passed estate tax amnesty

#AskTheTaxWhiz: Filing ITRs for individuals

Feb 15, 2019 - 3:15 PM

The Philippine Tax Whiz discusses the new Bureau of Internal Revenue form for individuals' income tax returns

#AskTheTaxWhiz: Do candidates pay taxes for campaign expenses?

Feb 06, 2019 - 1:00 PM

The Philippine Tax Whiz tells us when political contributions and campaign expenses are taxable

BIR sets higher collection goal in 2019 after missing 2018 target

Feb 01, 2019 - 5:17 PM

The BIR targets to collect P2.33 trillion in 2019 – an amount 14% higher than last year’s goal of P2.044 trillion

Despite TRAIN law, BIR misses 2018 collection target

Jan 29, 2019 - 7:30 PM

The Bureau of Internal Revenue collects P1.962 trillion in taxes in 2018, falling short of its P2.044-trillion goal

Private individuals file their income tax return at the BIR in Quezon Avenue, Quezon City to meet the deadline of filing of individual Income Tax Return (ITR) on Monday. Photo by: DARREN LANGIT

#AskTheTaxWhiz: VAT-exempt medicines and other 2019 TRAIN provisions

Jan 23, 2019 - 12:00 PM

The Philippine Tax Whiz discusses provisions of the Tax Reform for Acceleration and Inclusion law taking effect in 2019

#AskTheTaxWhiz: How do I pay local business tax?

Jan 17, 2019 - 9:00 AM

The Philippine Tax Whiz discusses payment of local business tax and renewal of business permit

#AskTheTaxWhiz: Annual submissions to the BIR

Jan 09, 2019 - 3:00 PM

The Philippine Tax Whiz discusses the documents you need to submit to the Bureau of Internal Revenue this January

#AskTheTaxWhiz: Year-end compliance

Jan 03, 2019 - 2:35 PM

The Philippine Tax Whiz reminds taxpayers to conduct an annual compliance check

Huawei expects 21% revenue rise despite 'unfair' treatment

Dec 27, 2018 - 9:09 PM

'Setbacks will only makes us more courageous, and incredibly unfair treatment will drive us to become the world's number one,' says Huawei chairman Guo Ping as the company expects a revenue of $108.5 billion for 2018

#AskTheTaxWhiz: New, updated BIR forms under TRAIN law

Dec 26, 2018 - 11:00 AM

The Philippine Tax Whiz discusses the Bureau of Internal Revenue forms affected by the tax reform law

Supreme Court: Tax on non-life insurance still effective

Dec 05, 2018 - 8:25 AM

The Supreme Court reverses an earlier ruling of the Makati City Regional Trial Court

Supreme Court of the Philippines in PAdre Faura on June 19, 2018. Photo by LeAnne Jazul/Rappler

#AskTheTaxWhiz: What are deductions, exemptions from gross income?

Dec 04, 2018 - 3:55 PM

The Philippine Tax Whiz discusses the changes to allowable deductions under the Tax Reform for Acceleration and Inclusion law

BIR names Rappler among top withholding agents

Dec 03, 2018 - 5:25 PM

Amid the tax cases against Rappler, the Bureau of Internal Revenue asks the media company to collect more taxes in the government's behalf through withholding

Sandiganbayan verdict: Imelda can post bail | Midday wRap

Nov 30, 2018 - 12:07 PM

Watch Rappler's midday wRap with Quita Chuatico

BIR scraps tax on health card premiums

Nov 29, 2018 - 7:30 PM

The Bureau of Internal Revenue amends its previous issuance after drawing flak

#AskTheTaxWhiz: What are the new alphanumeric tax codes under TRAIN?

Nov 21, 2018 - 3:30 PM

The Philippine Tax Whiz consolidates all the new alphanumeric tax codes (ATCs) under the Tax Reform for Acceleration and Inclusion law

#AskTheTaxWhiz: How the TRAIN law affects documentary stamp tax

Nov 16, 2018 - 11:00 AM

The Philippine Tax Whiz discusses the changes in documentary stamp tax rates under the Tax Reform for Acceleration and Inclusion law

Court affirms P40-M tax deficiency findings vs Jeane Napoles

Nov 08, 2018 - 6:35 PM

Following the decision of the Court of Tax Appeals, there is currently no impediment for the government to collect payment from Janet Napoles’ youngest daughter

TAX DEFICIENCY. Court of Tax Appeals affirms the BIR's findings of tax deficiency against Jeane Napoles.

#AskTheTaxWhiz: Taxes for importers

Oct 19, 2018 - 9:40 AM

The Philippine Tax Whiz explains the taxes that importers should pay, including the value-added tax on imported goods and certain exemptions

FACILITATING DELIVERY. The Bureau of Customs hopes that raising the de minimis value will help speed up the processing of shipments. File photo by Jay Directo/AFP

Supreme Court rules BIR can't collect P3-B tax from Petron, Shell

Sep 19, 2018 - 3:07 PM

Dubbed as the tax refund scam of the 1990s, Petron and Shell win big in the Supreme Court

Supreme Court of the Philippines in PAdre Faura on June 19, 2018. Photo by LeAnne Jazul/Rappler

#AskTheTaxWhiz: VAT or non-VAT taxpayer?

Sep 05, 2018 - 11:00 AM

The Philippine Tax Whiz explains when to register as a VAT or non-VAT taxpayer, for the self-employed and professionals

Things you need to know about Trabaho bill

Sep 02, 2018 - 6:06 PM

The Trabaho bill aims to reduce the corporate income tax rate from 30% to 20%

BUSINESSES. The Trabaho bill aims to reduce the corporate income tax rate from 30% to 20%. File photo by LeAnne Jazul/Rappler

#AskTheTaxWhiz: Common violations in the food service industry

Aug 24, 2018 - 6:45 PM

The Philippine Tax Whiz talks about the top violations of food businesses and the compromise penalties

#AskTheTaxWhiz: Issuing receipts

Aug 15, 2018 - 11:00 AM

The Philippine Tax Whiz discusses the guidelines for the issuance of receipts, plus the violations

End BIR corruption? Abolish it, says expert

Aug 14, 2018 - 11:08 AM

'Corruption in the BIR is embedded in the system,' says tax expert Mon Abrea

CORRUPTION. Tax expert Mon Abrea says the government should consider abolishing the Bureau of Internal Revenue to rid the agency of corruption. Photo by AFP

Economic managers seek Duterte's help in lowering LGU share

Aug 08, 2018 - 12:47 PM

The government finance team still has no idea where it will source the additional funds for local government units

NEDA Sec Permia. Photo by Angie de Silva/Rappler

After 6 years, court lifts P3 billion tax sanction on Pacquiao

Aug 03, 2018 - 4:33 PM

The Court of Tax Appeals finds the case too weak for not following procedures, and for being based only on news articles

FROM CONGRESS TO SENATE. Pacquiao got the 7th highest number of votes – 16.05 million. File photo by Alecs Ongcal/Rappler

Duterte won't appeal SC ruling on IRA yet after talk with Mandanas

Jul 26, 2018 - 4:05 PM

(UPDATED) Batangas Governor Hermilando Mandanas tells President Rodrigo Duterte that the ruling wouldn't cause an unmanageable increase in the government's budget

President Rodrigo Roa Duterte presides over the 27th Cabinet Meeting at the Malacañan Palace on July 9, 2018. ROBINSON NIÑAL JR./PRESIDENTIAL PHOTO

SC ruling on IRA can lead to 'unmanageable' fiscal deficit – Diokno

Jul 12, 2018 - 3:00 PM

Budget Secretary Benjamin Diokno says the Supreme Court ruling that local governments should have shares in all tax collections 'will restrain the [national] budget'

ACCOMPLISHMENTS. Budget Secretary Benjamin Diokno speaks at the pre-SONA forum on July 11, 2018. Photo from the Department of Budget and Management