Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui, Jr. said the agency consistently exceeds monthly collection targets due to heightened tax enforcement activities.
Lumagui expresses satisfaction with ongoing collection efforts. However, exact collection for first 10 months not estimated due to shift in value-added tax (VAT) payment schedule. Adjustment aims to enhance convenience of VAT payments for taxpayers.
Source: mb.com.ph
Latest Posts in "Philippines"
- Philippines Considers VAT Cut, Fiscal Incentives to Boost Garment Industry Competitiveness
- BOC’s Zero VAT Procedures: Streamlining Export Import Logistics and Compliance for Export-Oriented Enterprises
- Philippines Extends E-Invoicing Compliance Deadline for Large Taxpayers to December 31, 2026
- Philippine Tax Court Partially Grants Petition, Invalidates VAT and Compromise Penalty Assessments
- Supreme Court Rules Condominium Association Dues Not Subject to Value-Added Tax (VAT)
