The Bureau of Internal Revenue (BIR) has stepped up its campaign against illicit vape product trading in the Zamboanga Peninsula, advancing its commitment to ensure that excise taxes due to the ...
Inquirer Business on MSN

BIR, BOC seen missing 2025 targets

MANILA, Philippines - Government revenue collections from the Bureau of Internal Revenue (BIR) and Bureau of Customs (BOC) ...
Revenue collection of the Bureau of Internal Revenue and the Bureau of Customs has been “softer” than the projected yield of ...
Confiscated vape pods and bottles are being prepared for destruction by the Bureau of Internal Revenue in Northern Mindanao on Dec. 15, blocking an estimated P40.7 million in unpaid excise taxes.
THE Philippine Chamber of Commerce and Industry (PCCI) has voiced support for government reforms aimed at curbing alleged misuse of audit powers by the Bureau of Internal Revenue (BIR), citing ...
PH debt stock rose in October on a weaker peso MANILA, Philippines — The Philippine government’s budget deficit in November narrowed by almost a third to P157.6 billion. This, as spending ...
The government’s budget gap rose 7.38 percent on an annual basis in end-November 2025 as growth of spending surpassed tax ...
The Philippine tax landscape in 2025 was shaped by three main forces: enactment/enforcement of new tax laws, issuances of ...
Some of the 448,494 illicit vape products, with about PHP1.34 billion worth of unpaid taxes and penalties, were simultaneously destroyed nationwide by the Bureau of Internal Revenue (BIR) Monday. The ...
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Restoring BIR’s credibility

One of the first decisive acts of Frederick Go as the new secretary of the Department of Finance (DOF) was to order the ...
Net-income taxation is a model built for negotiation, and negotiation is the soil in which corruption thrives. Gross-income taxation is now the only credible antidote.
The Bureau of Internal Revenue has confiscated more than 700,000 illegal vape products for violating excise tax laws, including non-registration of brands and other regulatory breaches.