Monday, April 15, 2024
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Diokno tells tax professionals: Help PH shift to digital economy

Department of Finance (DOF) secretary Benjamin Diokno identified digitalization as the key to transforming the system and eradicating corruption within the Bureau of Internal Revenue and Bureau of Customs.

Incoming BIR chief eyes digital transformation of tax collection

In media interviews after the announcement of her appointment as BIR chief, Lilia C. Guillermo also said she’s keen on going after social media influencers and professionals in a bid to raise revenues for the government.

House panel eyeing tax on foreign-based online sellers

The BIR said they were able to collect P206.67 billion from online transactions and content creators from 2017 to 2021.

BIR reports completion of 14 out of 49 digital transformation projects

The Bureau of Internal Revenue (BIR) said it has a total of 49 projects in the first phase of its 10-year Digital Transformation (DX) Roadmap, of which 14 have already been launched or implemented as of the last quarter of 2021.

EXPLAINER | Impact of BIR circular on social media influencers

The BIR recently issued a circular reminding social media influencers to register and pay their taxes. To explain what it means to ordinary folks, online tax filing platform Taxumo prepared a short explainer.

BIR warns social media influencers to pay taxes

Unless exempted, social media influencers -- both Filipinos and non-Filipinos – are required to pay income tax and percentage or value-added tax.

Tax-related digitalization projects set for national roll-out

The Department of Finance (DOF) said on Wednesday, Jan. 27, that it expects the full nationwide implementation this year of several digitalization projects to improve tax administration in step with its goal of utilizing new technologies to boost tax compliance and fight corruption.

Tax payments via GCash surged by 117% in H1

GCash saw the value of transactions for payments to the BIR increased by 117 percent to P574.89 million in the first half of 2020 from P265.19 million the year prior.

Gov’t readying plan to slap VAT on Netflix, digital services

The Department of Finance and the Bureau of Internal Revenue are currently crafting regulations and designing a system to collect VAT on digital transactions to help the government raise revenues.

Bong Revilla wants tax on video streaming, digital economy

Sen. Ramon "Bong" Revilla Jr. made the suggestion in a Senate resolution that was filed a day after Albay representative Joey Salceda proposed the imposition of tax on Netflix and Facebook ads, among other Internet firms, as a way of generating revenues for the government.
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